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ASBC Statement on Congressional Tax Cut Proposal

For Immediate Release: 
November 1, 2017

“Congress seems incapable of delivering tax reform that would actually help the economy.”

Contact Info
Bob Keener

Washington, DC – In response to the tax proposal expected tomorrow in Congress, the American Sustainable Business Council (ASBC) released the following statement, which may be attributed to Christine Blackburn, Director of Policy:

“Congress seems incapable of delivering tax reform that would actually help the economy. The proposed plan mostly cuts taxes for the largest multinational corporations and the wealthiest individuals. These cuts will do nothing to grow jobs or boost U.S. competitiveness.

“A good tax plan would direct tax cuts mainly to working families, helping them retain more of the value they create. When working families receive tax refunds they spend them quickly; this creates jobs.

“A good tax plan would help level the playing field between Main Street and Wall Street, and reduce the incentive for U.S. businesses to send work offshore.

“And a good tax plan would fund the rebuilding of infrastructure, research, and education that make our economy stronger and more competitive globally. This investment is key to the prosperity of future generations.”

The American Sustainable Business Council advocates for policy change and informs business owners and the public about the need and opportunities for building a vibrant, sustainable economy. Through its national member network it represents more than 250,000 business owners, executives and investors from a wide range of industries.