Support continues to build for House Republicans’ bold, pro-growth tax reform Blueprint because our plan promises to:
- Unleash historic economic growth—the growth of families’ paychecks, American businesses, and our economy.
- Deliver unprecedented simplicity to families and job creators with a tax code so fair and simple that 9 out of 10 families will be able to file taxes using a form the size of a postcard.
- Bust up the Internal Revenue Service (IRS) and redesign it into an agency whose singular mission is serving the American taxpayer first.
Just yesterday, the Motion Picture Association of America (MPAA) joined the diverse and growing list of U.S. industry and advocacy organizations who are praising our efforts to deliver a 21st century tax code that is built for growth:
“We support the House Blueprint’s efforts to modernize our tax code in order to promote domestic job growth, enhance the global competitiveness of U.S. businesses, and ensure that IP development (and the resultant revenue base) remains at home.”
As House Republicans work to transform our tax reform Blueprint into legislation, here’s what other organizations supporting workers, families, and job creators are saying:
“Family businesses need a tax code that protects them and encourages them to grow and thrive in their communities. Your tax reform proposal is ‘A Better Way’ for family businesses and their employees and we look forward to working with you to implement these pro-growth reforms.”
“The ‘Better Way for Tax Reform’ blueprint includes many of the policies that our businesses support, including…providing a level playing field for U.S. and foreign companies competing to sell their goods and services at home and abroad.”
“The Blueprint, via its provision that would allow the full capital expensing, recognizes the capital intensive nature of so many U.S. industries, including the exploration and production sector of the oil and gas industry. This particular provision would enable U.S. businesses to generate additional capital resulting in increased investment in domestic industry, including in the development of domestic energy resources.”
“While the border adjustment in the House GOP ‘Better Way’ blueprint may sound like a tariff or a Value-Added tax, in reality it is neither. It is part of a modern, internationally competitive cash-flow business tax that replaces the cumbersome corporate income tax used today.”
“Passage of tax reform that simplifies and updates the code is key toward encouraging economic growth, creating more jobs and higher wages, and promoting innovation and ingenuity. The release of your ‘Better Way’ tax reform blueprint last year was the first step in achieving this important goal, and we encourage you to continue working to ensure tax reform becomes a reality.”
“The international components of the House GOP plan are part and parcel of a much larger system—a consumption tax which is both pro-growth and pro-family, is simpler than today, and which puts the U.S. on par with other international tax systems throughout the world. Only in the context of the whole package can the border adjustable part be fully understood.”
“The need for, and benefits of, a comprehensive pro-growth tax reform should be self-evident … The time is ripe for pro-growth tax reform in the United States. The House blueprint is a perfect start for the reform process.”
“The Brady Blueprint seeks to make the US a more attractive place to invest and create jobs while promoting fair trade. The border tax adjustment is the key to this effort—it eliminates incentives for companies to move investment and jobs overseas while financing lower rates and expensing provisions that make the US a more attractive place to invest.”
“Border tax adjustments for imports and exports are the linchpin that holds Blueprint tax reform together and enables its dynamic combination of low tax rates and first-year expensing of U.S. plant and equipment to produce a huge boost to GDP and jobs growth … Care must be taken not to start rearranging the Blueprint’s highly interdependent parts.”
“But for too long, our economy has relied on financial engineering, instead of real engineering, to keep going. That strategy has reached the end of its rope. The ailment is clear; the diagnosis is clear; and so is the prescription—passage of the House tax reform package.”
CLICK HERE to learn more about the House Republican pro-growth Blueprint.
CLICK HERE to learn more about ending the “Made in America” tax.