Printing Industries of America issued the following statement regarding a joint press conference between the RATE Coalition and the Coalition for Fair Effective Tax Rates, intended to focus the 113th Congress on passing necessary tax reform legislation.
Printing Industries of America today (September 19, 2013) participated in a joint press conference held by the Reforming America’s Taxes Equitably (RATE) Coalition and the Coalition for Fair Effective Tax Rates (CFETR), collectively representing more than 1,500,000 businesses ranging from corporate rate payers to small mom-and-pop printers paying individual tax rates. The conference is intended to show support across a wide array of industries for the tax reform efforts of the chairmen of the tax writing committees in Congress, Senator Max Baucus (D-MT) and Congressman Dave Camp (R-MI). As a leading member of CFETR, Printing Industries of America continues to work to educate Congress on the concept that tax reform should be viewed through the lens of effective tax rates—the amount of taxes businesses actually pay. Rather than promote tax preferences, Printing Industries looks to keep effective tax rates front and center for lawmakers and highlight the inequities of the code for businesses of all sizes.
“Taking an active role in these tax coalitions ensures that the printing and graphic communications industry will have a seat at the table throughout the debate in the House and Senate regarding tax reform,” said Lisbeth Lyons, Vice President of Government Affairs for Printing Industries of America. “Directing the dialogue on Capitol Hill for tax reform in the 113th Congress is an essential tool for ensuring the Government does not pick winners and losers among industry sectors in the tax code. Both the House and Senate have laid the groundwork to introduce legislation, and the involvement of these coalitions and the business community is critical in pushing real reform across the finish line.”
The joint press conference renews efforts to promote tax reform and simplification that broadens the tax base and lowers the tax rates for corporations, pass-through entities, and individuals. “As Congress considers a major tax code overhaul, it’s important that key committees hear how policies crafted on Capitol Hill would affect the printing industry in a practical way,” said Lyons. “We look forward to working through the coalitions to advance this critical debate on tax reform and shape the discussion to encourage job creation and economic growth with lower effective tax rates.”