Washington — Business Roundtable today issued the following statement on progress made by the U.S. House of Representatives and U.S. Senate advancing pro-growth tax reform:
"Passing tax reform is the single most important thing that Congress can do to make American companies more competitive, boost the economy, create jobs and spur wage growth,” said Jamie Dimon, Chairman and Chief Executive Officer of JPMorgan Chase & Co. and Chairman of Business Roundtable. “The House and Senate continue to move forward to deliver tax relief for hard working American families, and business leaders will continue to advocate for comprehensive pro-growth reform.”
“We applaud the work of the Senate Finance Committee to advance tax reform for the American people,” said Joshua Bolten, President & CEO of Business Roundtable. “Both the Senate and House proposals include the most important elements needed for stronger economic growth -- a competitive rate and shift to a territorial system of international taxation. Enacting a competitive corporate rate will have significant benefit to the American economy and should take effect as quickly as possible. Business Roundtable is committed to working with Congress as tax reform moves to the House floor and through the Senate Finance Committee to achieve the most pro-growth, pro-worker tax reform possible.”
“Today’s action by the House Ways and Means Committee is an important first step in achieving sweeping tax reform that will help the economy and American workers,” said Mark A. Weinberger, Global Chairman and CEO of EY and Chair of the Business Roundtable Tax and Fiscal Policy Committee. “It’s important that the Senate follow quickly and agreement between the two bodies be reached swiftly so the President can sign the bill, before the end of the year, unlocking investment in capital equipment and wage growth in the new year.”