The Senate tax overhaul, which passed the Senate last week, makes America a more inviting place for businesses to invest and grow. By lowering the corporate tax rate, allowing full and immediate expensing, and making a number of other much needed business tax reforms, the Senate tax plan will spur investment and growth, leading to higher wages and better jobs.
Business Roundtable CEO Joshua Bolten recently wrote in the Hill about feedback he’s received from CEOs and what tax reform would mean for investing in their businesses.
He noted:
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AT&T’s CEO announced AT&T would invest an additional $1 billion in 2018 if a 20 percent corporate tax rate is adopted, which Bolten says will create about 7,000 U.S. jobs;
*
CVS Health’s CEO said if comprehensive tax reform passes, his company would build more pharmacies and MinuteClinics, leading to thousands of permanent jobs as well as construction jobs, and;
*
Of a recent survey of roughly 200 CEOS, 82 percent said that tax reform would lead to increased hiring and capital spending.
It doesn’t stop there. More than 200 stakeholders support the Senate’s pro-growth tax reform package. Here’s a look at who is on board:
1.
21st Century Fox
2.
3M
3.
45Committee
4.
60 Plus
5.
A. O. Smith Corporation
6.
Aerospace Industries Association
7.
Aetna
8.
Air-Conditioning, Heating, and Refrigeration Institute (AHRI)
9.
Airlines for America
10.
Alaska Chamber
11.
ALEC Action
12.
Alliance for Competitive Taxation (ACT)
13.
Alliance of Automobile Manufacturers
14.
Allstate Insurance
15.
Altria
16.
American Action Network (AAN)
17.
American Airlines
18.
American Commitment
19.
American Conservative Union (ACU)
20.
American Craft Spirits Association
21.
American Dental Association (ADA)
22.
American Exploration & Production Council (AXPC)
23.
American Farm Bureau Federation
24.
American Forest & Paper Association (AF&PA)
25.
American Forest Foundation
26.
American Fuel & Petrochemical Manufacturers (AFPM)
27.
American Gaming Association
28.
American Gas Association (AGA)
29.
American Hotels and Lodging Association (AH&LA)
30.
American Made Coalition
31.
American Petroleum Institute (API)
32.
American Trucking Associations (ATA)
33.
Americans for Limited Government (ALG)
34.
Americans for Prosperity (AFP)
35.
Americans for Tax Reform (ATR)
36.
Amgen
37.
Arizona Retailers Association
38.
Associated Builders and Contractors (ABC)
39.
Associated Industries of Missouri (AIM)
40.
Association of American Railroads
41.
Association of Equipment Manufacturers (AEM)
42.
Association of Global Automakers
43.
Association of Mature American Citizens (AMAC)
44.
AT&T
45.
Baxter Healthcare
46.
Beer Institute
47.
Best Buy
48.
Boeing
49.
BP
50.
Brown-Forman
51.
Business Roundtable
52.
Celgene
53.
Center for Freedom and Prosperity
54.
Center for Worker Freedom
55.
Charter Communications
56.
Christian Coalition of America
57.
Cincinnati Financial Corporation (The Cincinnati Insurance Companies)
58.
Cisco Systems, Inc.
59.
Club for Growth
60.
Coalition for American Insurance
61.
Coalition of Franchisee Associations
62.
Comcast
63.
Concerned Veterans for America
64.
ConocoPhillips
65.
Constellation Brands
66.
Construction Industry Roundtable (CIRT)
67.
Consumer Action for a Strong Economy (CASE)
68.
Consumer Mortgage Coalition (CMC)
69.
Consumer Technology Association
70.
Continental Resources
71.
Cost Recovery Advances the Nation’s Economy (CRANE) Coalition
72.
Council for the Citizens Against Government Waste
73.
Cox Enterprises
74.
Crossroads GPS
75.
CSX Transportation
76.
CTIA - Everything Wireless
77.
Delta Air Lines
78.
Digital Liberty
79.
Distilled Spirits Council
80.
Domestic Energy Producers Alliance (DEPA)
81.
Dow Chemical Company
82.
East Kentucky Power Cooperative (EKPC)
83.
Eastman
84.
Edison Electric Institute (EEI)
85.
Electronic Transactions Association
86.
Eli Lilly and Company
87.
Entertainment Software Association (ESA)
88.
Exelon Corporation
89.
ExxonMobil
90.
Faith and Freedom Coalition
91.
Family Business Coalition
92.
FedEx
93.
Fiat Chrysler Automobiles
94.
Fidelity Investments
95.
Financial Services Roundtable
96.
Florida Retail Federation
97.
Food Marketing Institute
98.
Ford Motor Company
99.
Franchise Business Services
100.
Freedom Partners
101.
FreedomWorks
102.
General Dynamics
103.
General Electric Company
104.
General Motors
105.
Generation Opportunity
106.
Georgia Retail Association
107.
Grassfire
108.
Grocery Manufacturers Association (GMA)
109.
HCCW CEO Economic Leadership Committee
110.
HDR, Inc.
111.
Here For America
112.
Heritage Action for America
113.
Hewlett Packard Enterprise
114.
Hilton Hotels & Resorts
115.
Hispanic Chamber of Commerce of Wisconsin
116.
Hispanic Leadership Fund
117.
Home Depot
118.
Home School Legal Defense Association (HSLDA)
119.
Honeywell
120.
Houchens Industries
121.
Independent Bakers Association (IBA)
122.
Independent Women’s Voice
123.
Indiana Retail Council
124.
Industrial Minerals Association - North America (IMA-NA)
125.
Information Technology Industry Council
126.
Information Technology Industry Council (ITI)
127.
Institute for Liberty
128.
Intel Corporation
129.
International Bank of Commerce
130.
International Franchise Association
131.
International Paper
132.
International Sign Association
133.
Job Creators Network
134.
Johnson & Johnson
135.
Kansas Chamber of Commerce
136.
Kentucky Chamber of Commerce
137.
Kentucky Distillers’ Association (KDA)
138.
Knight-Swift Transportation
139.
Koch Industries
140.
Latino Coalition
141.
Lennox International Inc.
142.
Liberty Counsel Action
143.
Liberty Mutual Insurance
144.
Lockheed Martin Corporation
145.
Mars, Incorporated
146.
Marsh & McLennan Companies, Inc.
147.
McKesson Corporation
148.
Merck
149.
Metropolitan Milwaukee Association of Commerce
150.
Michigan Retailers Association
151.
Montana Retail Association
152.
Motion Picture Association of America (MPAA)
153.
Nareit
154.
National Alliance of Forest Owners (NAFO)
155.
National Association of Broadcasters (NAB)
156.
National Association of Manufacturers (NAM)
157.
National Federation of Independent Business (NFIB)
158.
National Federation of Independent Business, Pennsylvania chapter (NFIB-PA)
159.
National Franchisee Association
160.
National Marine Manufacturers Association (NMMA)
161.
National Mining Association
162.
National Pork Producers Council
163.
National Restaurant Association
164.
National Retail Federation (NRF)
165.
National Roofing Contractors Association (NRCA)
166.
National Tax Limitation Committee
167.
National Taxpayers Union (NTU)
168.
NCTA - The Internet & Television Association
169.
Nebraska Retail Federation
170.
Niskanen Center
171.
Norfolk Southern Corporation
172.
North American Meat Institute (NAMI)
173.
North Dakota Petroleum Marketers Association
174.
North Dakota Propane Gas Association
175.
North Dakota Retail Association
176.
Ohio Council of Retail Merchants
177.
ON Semiconductor
178.
One Nation
179.
Oracle
180.
Pennsylvania Chamber of Commerce
181.
Pennsylvania Manufacturers Association
182.
Pfizer
183.
Pitney Bowes
184.
Procter & Gamble
185.
Property Casualty Insurers Association of America
186.
Property Rights Alliance
187.
RATE Coalition
188.
Raytheon Company
189.
Retail Association of Nevada
190.
Retail Industry Leaders Association (RILA)
191.
Reynolds American, Inc.
192.
Semiconductor Industry Association (SIA)
193.
Small Business & Entrepreneurship Council (SBE Council)
194.
Smithfield Foods Inc.
195.
Smiths Group
196.
Southern Company
197.
Southwest Airlines
198.
Target
199.
Taxpayers Protection Alliance
200.
Tea Party Patriots Citizens Fund
201.
TechNet
202.
Tennessee Chamber of Commerce & Industry
203.
Tennessee Manufacturers Association
204.
Texas Association of Business
205.
Texas Instruments
206.
Texas Retailers Association
207.
The Kroger Company
208.
The LIBRE Initiative
209.
The Silicon Valley Organization
210.
Total System Services (TSYS)
211.
Toyota
212.
Travelers Companies, Inc.
213.
Truckload Carriers Association
214.
Tyson Foods
215.
U.S. Chamber of Commerce
216.
Union Pacific
217.
United Airlines
218.
United Parcel Service (UPS)
219.
United Technologies Corporation (UTC)
220.
USTelecom
221.
Varian
222.
Verizon
223.
Viacom
224.
Volvo Car Corporation
225.
Walmart
226.
Wine & Spirits Wholesalers of America (WSWA)
227.
Wireless Infrastructure Association
228.
Wisconsin CEO Economic & Workforce Leadership Coalition
229.
Wisconsin Manufacturers and Commerce (WMC)
Source: Ranking Member’s News
