President & CEO of the U.S. Chamber, Tom Donohue, issued an open letter to Congress on July 20. In part, it stated:
“In the last election, the Chamber endorsed 240 candidates. In the upcoming cycle, in addition to looking for candidates who support free enterprise, we will be focusing on individuals with a demonstrated willingness to govern, which means reaching consensus so that legislation can be passed and enacted into law. We are a quarter of the way through this Congress, but we are not yet where we need to be on key issues like health care, tax reform, and rebuilding our crumbling infrastructure. Promises were made; promises must be kept.”
A consensus statement was issued by Congress, agreeing that tax codes need to be amended to drive economic growth. The U.S. Chamber’s message to Congress included the following:
- We’ve got a once-in-a-generation chance to do pro-growth tax reform, and if we do it right, it can be the single most important step our leaders take to drive economic growth.
- We will work with Congress and the president to achieve reform that enables American companies to compete globally and encourages foreign investment within our borders.
- The work being done by all the key players, and the unity they have shown recently, bolsters our confidence that this can get done. The process of overhauling our tax code is as complicated and controversial as the tax code itself—which is why it hasn’t happened since 1986.
- We know tax reform will be difficult, but failure is not an option.
- We are urging Congress to get tax reform done this year. There are going to be some provisions that are bound to divide our members. But if tax reform is pro-growth – and we think it will be – we’re going to champion it.
You can read all of Tom Donohue’s letter by clicking here.