WASHINGTON DC – National Foreign Trade Council (NFTC) Vice President for International Tax Policy Anne Gordon today issued the following statement on the Tax Relief for American Families and Workers Act of 2024:
“NFTC strongly supports enactment of the Tax Relief for American Families and Workers Act of 2024, which encourages American innovation and fuels business growth. The bill covers a wide range of tax policies important for supporting the U.S. economy and providing relief from double taxation.”
“We applaud the inclusion of provisions supporting research and development, interest deductibility and immediate expensing. Furthermore, the incorporation of the United States-Taiwan Expedited Double Relief Tax Act enhances relations with one of our closest allies in the Indo-Pacific region.”
“NFTC commends the overwhelming support demonstrated by last week’s vote in the Ways & Means Committee. We encourage continued bipartisan support of the pro-growth tax package and swift passage into law.”
About the NFTC
The National Foreign Trade Council (NFTC) is the premier business association advancing trade and tax policies that support access to the global marketplace. Founded in 1914, NFTC promotes an open, rules-based global economy on behalf of a diverse membership of U.S.-based businesses.