Posted on Wednesday, April 13, 2016 11:48 AM By Jeff Leieritz
New analysis from the U.S. Department of the Treasury shows that the construction industry pays the highest effective tax rate—the percent of income businesses actually pay in taxes—of any sector of the economy. According to the report, the typical construction company faces an average effective federal tax burden of 30.3 percent, well above the 23.3 percent average for all US businesses.
Posted on Wednesday, September 25, 2013 2:12 PM By Donna Puglisi
The Coalition for Fair Effective Tax Rates and the Reforming America’s Taxes Equitably (RATE) Coalition held a joint press conferenceSept. 19 to support the passing of comprehensive tax reform that would lower both individual and corporate rates and eliminate distorting tax preferences.
Posted on Wednesday, July 24, 2013 9:59 AM By Kinsey Cooper
As part of a the Coalition for Fair Effective Tax Rates, ABC will be advocating for the use of effective tax rates—or the percentage of income businesses pay in taxes—as the clearest way to judge the impact of tax reform on businesses as Congress tackles this issue.
Posted on Tuesday, July 2, 2013 4:31 PM By Kinsey Cooper
(R-Utah) June 27 proposed a “blank slate” approach for tax reform and called on their fellow Senators to provide proposals for tax expenditures that should be added back to the tax code and improved.
Posted on Wednesday, May 15, 2013 1:49 PM By Kinsey Cooper
Rep. Dave Camp (R-Mich.) and Sen. Max Baucus (D-Mont.) May 9 launched a new website, taxreform.gov, and a Twitter feed,@simplertaxes, to gather feedback from the public on tax reform.
Posted on Wednesday, November 14, 2012 12:23 PM By Kinsey Cooper
President Barack Obama will be holding a summit Nov. 16 at the White House with congressional and corporate leaders to discuss the impending year-end tax increases and spending cuts, known as the fiscal cliff. In a Nov. 14 statement, ABC expressed concern over the troubling exclusion of small businesses from the summit.
Posted on Wednesday, September 19, 2012 1:45 PM By Donna Puglisi
In advance of a Sept. 13 U.S. House of Representatives subcommittee hearing titled, “Adding to Uncertainty: Small Business’ Perspectives on the Tax Cliff,” ABC called for immediate bipartisan action to avert the looming year-end tax increases.
Posted on Wednesday, September 12, 2012 3:30 PM By Donna Puglisi
A multi-industry letter, signed by 298 U.S. Chamber of Commerce affiliates, as well as national associations, has been sent to the members of the United States Congress and the President, urging immediate action to avoid further harm to the American economy.