this week, the Business Roundtable sent a
letter to Congress and the White House urging lawmakers to consider
comprehensive tax reform by the end of 2012. Citing "economic uncertainty that
impedes a more robust economic recovery", the Roundtable urged policy makers to
extend "expiring and expired tax provisions through 2013 as a stopgap measure
until comprehensive tax reform can be enacted."
AFP has been actively
advocating for comprehensive tax reform for the past year and strongly
encourages policy makers to consider comprehensive changes that would improve
the competitiveness of the U.S. markets and American companies by taxing
earnings, both foreign and domestic, at rates that are comparable to those of
other developed nations. Higher corporate taxes harm competitiveness so
lawmakers must focus on permanently reforming the corporate tax structure so
that U.S. companies are not at a competitive disadvantage.
In a global
market where capital flows across national borders easily, capital will
gravitate toward those countries with lower corporate tax burdens, harming
economic growth in the U.S. Therefore, AFP strongly encourages changes to the
corporate tax system that will allow the U.S. economy as a whole, as well as
American companies, to compete effectively in a global economy.
Tax Reform Task Force Seeks Corporates
announced the formation of a task force on corporate tax reform to discuss what
corporate tax reform should look like and to advise AFP on its advocacy efforts.
This task force is open to interested senior-level corporate members who will be
charged with the responsibility of advising AFP on policy relating to corporate
tax reform and provide insight as to what corporate tax reform should look like.
This group, in conjunction with AFP staff and outside counsel, will assist in
the formation of comment letters, white papers and articles. Members of this Ad
Hoc Task Force may have the opportunity to speak on behalf of AFP's position to
press and policymakers.
If you are interested in serving on the task
force, please contact advocacy@AFPonline.org.
Jeanine H. Arnett, Director, Government Relations & Policy,