Business groups push for quick action
Leaders of four of the top U.S. business advocacy groups are telling Congress to “move quickly” on tax reform, as lawmakers prepare for break over July 4 and in August.
“As the leaders of the nation’s preeminent business associations representing businesses of all interests, forms, and sizes in all 50 states, we urge you to reach common agreement on a tax reform plan and move quickly to enact tax reform legislation,” the business leaders wrote to top congressional leaders this week.
The letter was signed by Thomas J. Donohue, president and CEO of the U.S. Chamber of Commerce; Joshua Bolten, president and CEO of the Business Roundtable; Juanita Duggan, president and CEO of the National Federation of Independent Business (NFIB); and Jay Timmons, president and CEO of the National Association of Manufacturers (NAM).
“No initiative likely to be considered in this Congress offers more promise than comprehensive tax reform to accelerate out of the current pattern of slow economic growth,” they wrote.
Congressional Republicans have repeatedly said they’ll pass a tax-code overhaul this year.