Industry Pushes for Reform
The organizations recently sent a letter to Congress, asking members to enact significant entitlement reforms that help put the federal budget on a sustainable fiscal path. In the letter, the organizations called on Congress to avoid raising marginal tax rates on employers, whether that comes as part of negotiations regarding the “fiscal cliff,” or as part of a larger tax-reform effort.
The groups hope Congress will not enact corporate-only reform, citing no economic or political justification to do so, and are hopeful members will not only commit to tax reform but also to reforming Social Security and Medicare by developing a long-term plan to address each.
Publication date: 12/24/2012