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The passage of the Tax Cuts and Jobs Act by the U.S. Senate is a historic step towards modernizing our outdated corporate tax code. Pro-growth tax reform will create opportunities for American workers, strengthen our economy and promote investment in the U.S.
We are committed to working with Congress even beyond final passage of this legislation to ensure that corporate tax reform achieves its desired goal of promoting U.S. competitiveness by leveling the playing field for American businesses and workers competing in world markets.
ACT is comprised of leading American businesses that employ millions of American workers from a broad range of industries, including technology, manufacturing, and services. ACT members support comprehensive tax reform that provides a competitive corporate tax rate and modern international tax system that aligns the United States with the rest of the world. We believe tax reform should simplify the tax code, promote economic growth, and should be fully paid for by ending tax breaks and preferences. For more information about ACT, visit www.ACTonTaxReform.com.