Washington D.C. – National Foreign Trade Council (NFTC) Vice President for Tax Policy Cathy Schultz, today issued the following statement welcoming the release of The Unified Framework for Fixing our Broken Tax Code.
“The NFTC welcomes the release by the Trump Administration and Republican Congressional leadership of a framework for overhauling the U.S. tax code, an effort which is long overdue and deeply desired by the corporate community.
“Our companies have long felt the effects of our country’s outdated tax code. The Unified Framework will go a long way in making U.S.-based companies more competitive and encourage job creation by simplifying the tax code, lowering corporate tax rates, and allowing companies to repatriate their profits more efficiently.
“This framework is an important template for the tax reform discussion going forward, and the NFTC looks forward to continue working with Congress and the Administration as they craft comprehensive tax reform legislation that will level the playing field and make the U.S. more competitive in the global economy.”