U.S. Chamber Says Bipartisan Tax Framework Good for Economy

Monday, December 6, 2010 - 7:00pm

Swift Action to Pass Agreement Will Help “Our Economy Break Out of This Slump,” Says Josten

WASHINGTON, D.C.—U.S. Chamber of Commerce Executive Vice President for Government Affairs, Bruce Josten, issued the following statement today on the framework of a bipartisan agreement to prevent tax hikes on all Americans, including small businesses:

“Enacting this bipartisan framework forged by the President and Congress is one of the best steps Washington can take to eliminate the uncertainty that is preventing our employers from hiring, investing, and growing their businesses. Although the greatest way to ease uncertainty is to permanently extend all of the current tax rates, we are very pleased that lawmakers of both parties were able to work together to provide a bipartisan path to prevent one of the largest tax increases in American history. An extension of all the marginal rates along with the extension of the expired business tax extenders, such as the R&D and active finance, and a sensible estate tax agreement will go a long way toward helping our economy break out of this slump and begin creating American jobs. While the devil is in the details, we are hopeful that Congress will swiftly pass this bipartisan framework to prevent a massive tax increase and help our economy move forward.”

The U.S. Chamber of Commerce is the world’s largest business federation representing the interests of more than 3 million businesses of all sizes, sectors, and regions, as well as state and local chambers and industry associations.

# # #