Says Key Provisions Will Ensure Global Competitiveness of Worldwide American Companies, U.S. Economic Growth and Job Creation
About the NFTC
Washington, DC – The National Foreign Trade Council (NFTC) today welcomed House Ways and Means Committee Chairman David Camp's release of his proposal for tax reform. The NFTC applauded Rep. Camp's proposed reduction of the corporate tax rate and moving to a territorial tax system, among other provisions aimed at ensuring the global competitiveness of worldwide American companies.
"We are very pleased to see that Chairman Camp understands the difficulty that companies face in global competition. The U.S. tax system has been the outlier in the world economy for far too long," said NFTC Vice President for Tax Policy Cathy Schultz. "Moving to a territorial tax system and reducing the corporate tax rate will allow companies to grow in the United States, and will also attract more in-bound investment, leading to more job growth. Although this is only the first step in a serious tax reform discussion, it is a thoughtful start to that discussion, and we applaud Chairman Camp for his initiative."
The NFTC has long advocated reforming U.S. international and corporate tax policies, and is a leading member of the business community's Promote America's Competitive Edge (PACE) Coalition.
Advancing Global Commerce for Nearly A Century- The National Foreign Trade Council (www.nftc.org) is a leading business organization advocating an open, rules-based global trading system. Founded in 1914 by a broad-based group of American companies, the NFTC now serves hundreds of member companies through its offices in Washington and New York.
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