Job Creators: Senate Tax Plan Will ‘Energize Our Nation’s Economy’

‘Tax Reform Is Vital,’ ‘This Is A Proposal That Would Cut Taxes, Create Jobs And Energize Our Nation’s Economy’

JAY TIMMONS, National Association of Manufacturers President and CEO: “Momentum is building for historic tax reform, and the Senate’s bold vision takes us one step closer to victory—to a plan that lifts everyone up... [T]he Senate’s bill certainly signals that lawmakers are serious about delivering a surge of manufacturing jobs and manufacturing investment for the American people.” (National Association of Manufacturers, Press Release, 11/10/2017)

• TIMMONS: “There is no excuse for delay. Lawmakers should focus on the big picture: getting a bold tax reform bill to President Donald Trump’s desk so that we can make manufacturers in America more competitive, while creating more opportunity for more Americans.” (National Association of Manufacturers, Press Release, 11/10/2017)

NEIL BRADLEY, U.S. Chamber of Commerce Senior Vice President and Chief Policy Officer: “The tax reform package presented in the Senate is overall a pro-growth measure that will help grow the economy, create jobs, and increase paychecks for American workers.” (“U.S. Chamber Welcomes Pro-Growth Senate Tax Reform Package,” U.S. Chamber of Commerce Website, 11/10/2017)

KEN SPAIN, American Made Coalition: “This was a big day for tax reform…. We applaud the members of both chambers for embracing pro-growth reforms that will energize the economy. We will continue to work closely with Congress and the administration to ensure the final package helps American workers and businesses compete in the global economy.” (American Made Coalition, Release, 11/2017)

JUANITA DUGGAN, NFIB President & CEO: “On behalf of the National Federation of Independent Business (NFIB), the nation’s leading small business advocacy organization, I am writing to thank you and your staff for your continued commitment to America’s small businesses. NFIB strongly supports the Chairman’s Mark, as modified, to provide appropriate tax relief for America’s small businesses.” (Juanita D. Duggan, NFIB, Letter to Sen. Hatch, 11/14/2017)

• DUGGAN: “Ninety-nine percent of all American businesses are small, and they create half of all private sector jobs and contribute half the nation’s gross domestic product. The Chairman’s Mark will provide much needed tax relief to enable small businesses to grow and create jobs. NFIB strongly supports and urges the Committee to adopt the Chairman’s Mark.” (Juanita D. Duggan, NFIB, Letter to Sen. Hatch, 11/14/2017)

DAVID FRENCH, National Retail Federation Senior Vice President for Government Relations: “This is a proposal that would cut taxes, create jobs and energize our nation’s economy… This plan would free up resources both large and small employers need to grow, and give middle-class workers tax cuts that would let them take home bigger paychecks to better support their families. That’s a win for everyone.” (National Retail Federation, Press Release, 11/09/2017)

ALFREDO ORTIZ, Job Creators Network President and CEO: “The current House and Senate tax reform bills would finally address the over-taxation that prevents American small business job creators from surviving and thriving. Though they take different approaches … they would have the same effect: allow the nation’s 29 million small businesses to keep more of their earnings to create jobs, raise wages, and expand.” (Job Creators Network, Press Release, 11/15/2017)

GARY SHAPIRO, Consumer Technology Association, President and CEO: “CTA applauds Senate Finance Committee Chairman Orrin Hatch (R-UT) and Senate Republicans for the introduction of the Tax Cuts and Jobs Act, which would reform our outdated and uncompetitive tax system. At a time when American entrepreneurship is declining, comprehensive tax reform is critical to growing the U.S. economy, particularly our nation’s technology industry. Our current system harms small businesses and discourages tech startups. By lowering the corporate tax rate, we can revitalize the job market and reinvigorate local economies, while encouraging the world’s best and brightest entrepreneurs to launch their businesses here in the U.S.” (Consumer Technology Association, Press Release, 11/10/2017)

GORDON SMITH, National Association of Broadcasters President and CEO: “NAB applauds the Senate Finance Committee’s introduction of comprehensive tax reform legislation that preserves the full and immediate deductibility of business advertising expenses. Local broadcasters support tax reform that promotes economic growth and job creation, and it is undeniable that advertising is a stimulus for both. NAB looks forward to working with members on both sides of the Capitol towards comprehensive reform that creates a fair and sensible tax code to the benefit of American businesses and families.” (National Association of Broadcasters, Press Release, 11/10/2017)

CICELY SIMPSON, National Restaurant Association Executive Vice President, Public Affairs: “… [A]s the Senate Finance Committee begins its deliberations, we are grateful Chairman Hatch’s bill has taken into account the needs of small businesses like restaurants. Tax reform will help restaurants remain strong economic engines and job creators.” (National Restaurant Association, Release, 11/2017)

JENNIFER SAFAVIAN, Retail Industry Leaders Association Executive Vice President of Government Affairs: “RILA welcomes the Senate Finance Committee's introduction of its tax reform legislation aimed at helping American families and businesses. This … is an encouraging sign that tax reform is within reach. We applaud House and Senate leadership for their commitment to moving tax reform forward and we look forward to continuing to work with lawmakers to ensure that legislation that achieves our shared goals is signed into law.” (Retail Industry Leaders Association, Press Release, 11/09/2017)

PAMELA G. BAILEY, Grocery Manufacturers Association President and CEO: “Action from Congress on tax reform is vital to the success of America’s growing economy. The release of the Senate bill … moves the nation one step closer to creating a tax system that would take a territorial approach, secure internationally competitive tax rates for manufacturers, reduce taxes on consumers, and help spur job creation within the grocery manufacturing industry.” (Grocery Manufacturers Association, Press Release, 11/14/2017)

DOMINIC J. CARUSO, Johnson & Johnson CFO: “Tax reform, when done right, will ensure companies like ours can continue to invest and grow in the United States… We need Washington and the business community to roll up their sleeves and unite behind a bill to jumpstart the U.S. economy, fuel jobs and investment, and level the playing field between U.S. and foreign headquartered companies, which would be a win for America… The House has bravely begun this process, and the Senate has followed quickly with a bill that is similar in many ways but also with some key differences, including a new approach to leveling the playing field among U.S. and foreign companies operating in the U.S., as well as incentives to invest in the U.S. and make it a manufacturing center for the world. We need constructive engagement by all parties to complete the task at hand.” (Dominic J. Caruso, Op-Ed, “Johnson & Johnson CFO: Tax Reform Is Vital For Our Competitiveness Around The Globe,” The [New Jersey] Star-Ledger, 11/16/2017)

• CARUSO: “I have been the chief financial officer of Johnson & Johnson for over 10 years, and I, along with many of my peers, have met many times with our leaders in Washington on the need for business tax reform. I can say that now we have a proposal on the table that could improve the ability of U.S. multinational companies to more effectively compete in the world, strengthen our economy and create opportunities for American workers.” (Dominic J. Caruso, Op-Ed, “Johnson & Johnson CFO: Tax Reform Is Vital For Our Competitiveness Around The Globe,” The [New Jersey] Star-Ledger, 11/16/2017)

DAVID ABNEY, UPS Chairman and CEO: “From our perspective it’s clear--when GDP increases, more people ship packages—this translates into more planes, more vehicles and more people to sort and deliver…. With a lower and permanent corporate tax rate and a competitive international tax system, our economy will see accelerated GDP growth, investment and job creation.” (UPS, Press Release, 11/10/2017)

21^ST CENTURY FOX: “This announcement represents another significant step toward meaningful tax code reforms that will help boost investment and opportunity for American job-creators like 21st Century Fox. We are encouraged to see the Senate legislation also appropriately reduces the corporate tax rate …” (21^st Century Fox, Press Release, 11/10/2017)

WALMART: “We support ongoing consideration of tax reform legislation in the House and Senate. The proposals under discussion could provide meaningful tax relief to a number of American families as soon as next year, many of whom shop in our stores and online with us every week. In addition, the proposals include important provisions to encourage investment in the United States and make U.S. businesses more competitive around the world.” (Walmart, Press Release, 11/2017)