Donohue: Work Quickly to Pass Budget Resolution, Unlock the Potential of Pro-Growth Tax Reform
WASHINGTON, D.C.— U.S. Chamber of Commerce President and CEO Thomas J. Donohue issued the following statement today regarding the tax reform framework released by Republican congressional leadership and the Trump administration:
“Today’s announcement is good news for American families and employers. Tax reform will help families who are struggling to make ends meet and employers who want to grow their business and create new jobs. The U.S. Chamber is pleased to see consensus among Congressional leaders and the administration on a plan that will kick-start long overdue reform.
“Now, we are entering into a crucial new phase of the effort to overhaul the tax code, and the hardest work is just beginning. The business community will engage throughout the process as lawmakers work through the hard decisions ahead and craft a tax system that improves competitiveness, spurs job creation, and promises higher wages for American workers.
“Congress must work quickly to pass a budget resolution to advance the process without delay. In our view, failure is simply not an option. The competitiveness of American workers and businesses —and a stronger economy — depend on pro-growth tax reform.”
House Ways and Means Committee Chairman Kevin Brady will visit the U.S. Chamber tomorrow, September 28, to discuss the implications of the tax reform plan for America’s job creators and workers.
The U.S. Chamber will judge any tax reform package on whether it improves economic growth; its principles for pro-growth tax reform can be viewed here.