Key Vote Letter: H.R. 1, the "Tax Cuts and Jobs Act" | U.S. Chamber of Commerce

Key Vote Letter: H.R. 1, the "Tax Cuts and Jobs Act"

Monday, November 13, 2017 - 3:30pm

TO THE MEMBERS OF THE U.S. HOUSE OF REPRESENTATIVES:

The U.S. Chamber of Commerce urges you to approve H.R. 1, the “Tax Cuts and
Jobs Act.” The Chamber will include votes on, or related to, this legislation in our
How They Voted scorecard.

While much of the debate on tax reform has singularly focused on cutting rates, the
broader importance of comprehensive, pro-growth tax reform cannot be overstated.

Enacting tax reform would unleash resources for businesses large and small to hire
new workers, expand facilities, and purchase new equipment. Successful tax reform
would help ensure that these investments are made here in the United States, and these
investments would lead to higher wages and catalyze broad economic growth.

While a major step forward, we recognize H.R. 1 is imperfect, as is all legislation
of consequence considered by Congress. We commit to working with all members of the
House and Senate to refine and improve this legislation as the process continues.

Remaining imperfections in H.R. 1 should not be an excuse to derail tax
reform. As the Chamber’s President and CEO declared in a July 20, 2017 open letter,
“Members of Congress be warned: Failure is not an option.”

Tax reform is a big engine that will power a growing economy for years to
come. Approving H.R. 1 is the next critical step along this path. The Chamber urges you
to support H.R. 1 and to bring comprehensive, pro-growth tax reform closer to reality.

Sincerely,

Suzanne P. Clark
Senior Executive Vice President