The United States Chamber of Commerce (USCC) recently launched a new ad campaign, "Fair Reform for Growth," to fight for fair and comprehensive tax reform that keeps American businesses internationally-competitive, in a Washington, D.C. advertizing campaign across both traditional and digital media.
"Faced with the highest statutory tax rate of any major country, American employers must do everything they can to stay competitive in the global marketplace and keep their employees working," said Bruce Josten, USCC's executive vice president for Government Affairs. "Comprehensive tax reform is essential to ensure continued success for middle-class families and businesses across the country, and this campaign will keep this issue top of mind for policymakers and voters."
It was noted that the USCC "has long led the charge on the need to reform the US tax code, which has not had a comprehensive overhaul since 1986. The 'Fair Reform for Growth' campaign will educate policymakers and voters about the need for a modern and competitive tax code."
In addition, in the Chamber's opinion, while some lawmakers have suggested retroactive legislation on corporate inversions, and the administration has threatened unilateral executive action, if implemented, the proposed measures "would punish American workers and businesses that have acted in complete compliance with the law."
"These proposals are comparable to the Internal Revenue Service knocking on your door and forcing you to pay back a tax deduction you took legally last year," Josten stated. "It is fundamentally unfair to come back around later and punish those who played by the rules and followed the law."