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Alliance for Competitive Taxation Applauds Senate and House Leaders For Advancing Tax Reform

For Immediate Release December 15, 2017 ContactACT Press Officepress@ACTontaxreform.com Alliance for Competitive Taxation Applauds Senate and House Leaders For Advancing Tax Reform WASHINGTON, The Alliance for Competitive Taxation (ACT), a coalition of leading American businesses that employ millio…

Alliance for Competitive Taxation Commends U.S. Senate for Passing the Tax Cuts and Jobs Act

WASHINGTON ‚ The Alliance for Competitive Taxation (ACT), a coalition of leading American businesses that employ millions of American workers, issued the following statement on Senate passage of the Tax Cuts and Jobs Act: The passage of the Tax Cuts and Jobs Act by the U.S. Senate is a historic step…

ICYMI - Wall Street Journal [Opinion]: Why Corporate Tax Reform Is a Bipartisan Cause

By Laura TysonSept. 6, 2017 Corporate tax reform is one of the few issues that attract bipartisan support in Washington. Lawmakers from both sides agree that the current system is deeply flawed. Because the U.S. has not updated its tax code in 31 years, Congress has a once-in-a-generation opportunit…

ICYMI - Wall Street Journal: Large Companies Oppose Idea for Taxing Foreign Profits

By Richard RubinAug. 27, 2017 WASHINGTON‚ Congressional Republicans are trying to write new rules for taxing foreign profits of U.S. corporations, and a group of large, influential companies is warning against one prominent option. Under current law, companies owe the full 35% corporate-tax rate on …

Chairman Dave Camp on the Prospects and Need for Tax Reform

Last night, former Ways and Means Chairman Dave Camp discussed the urgent need for tax reform in the Laurence Neal Woodworth Memorial Lecture at the 2015 ABA Section of Taxation May Meeting. You can read excerpts from his speech below. The full text as prepared for delivery is available here. The Pr…

Laura Tyson: Competing on Corporate Tax

BERKELEY, Corporate tax reform has emerged as an area of potential bipartisan action in the United States Congress over the next few months. But fundamental questions about the right approach remain. There is widespread agreement that the US corporate tax system is deeply flawed. The rate is too hig…

Experts: Tax Reform Would Improve Economic Growth

By ACT Staff In a divided Washington, it's hard to find common ground. But economists and policymakers from across the political spectrum all agree: tax reform would enhance job creation, increase wages, and lead to higher, sustained economic growth. Economists If the U.S. is to achieve even the ave…

Momentum for Business Tax Reform Gaining Steam

Below are excerpts from recent stories demonstrating growing momentum to reform America's corporate tax system, including former President Clinton and leading national editorial boards: Former President Clinton: America has to face the fact that we have not reformed our corporate tax laws. We have t…

ACT Company Spotlight: Emerson and the U.S. Tax Code

Wall Street Journal: Why Corporate Inversions Are All the Rage July 28, 2014 By Walter Galvin Senate Finance Committee Chairman Ron Wyden (D., Ore.) recently called the American tax code a "rotting mess of a carcass." The phrase captures how repugnant the current tax system has become‚ and perhaps m…

Editorial Boards, Economic Experts Call for Renewed Tax Reform Effort

By ACT Staff As the deficiencies of the U.S. tax code continue to make headlines, a growing chorus has emerged to call on U.S. lawmakers to reform our outdated, anti-competitive tax system. Pundits, economists and editorial boards agree: our tax code is broken and must be reformed so that American b…

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