November 9, 2017

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Pro-Growth Tax Reform Critical to Growing the Economy

America needs a better tax code that will help our country go on economic offense and boost wages for more hardworking Americans. This is an important step in the process and FSR will continue to engage with lawmakers as the process moves through Congress.

Pro-Growth Tax Reform Critical to Growing the Economy
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Pro-Growth Tax Reform Critical to Growing the Economy

 

WASHINGTON – The Financial Services Roundtable (FSR) today called House Ways and Means Committee passage of the Tax Cuts and Jobs Act an important step in delivering tax reform that can grow the economy.

“America needs a better tax code that will help our country go on economic offense and boost wages for more hardworking Americans,” said FSR CEO Tim Pawlenty.

This is an important step in the process and FSR will continue to engage with lawmakers as the process moves through Congress.  FSR commends the work of Speaker Ryan, Chairman Kevin Brady and other leaders who have worked to move forward a pro-growth tax plan. While there are many pro-growth aspects in the current version of the bill, there are areas of the bill that may need refinement as it works its way through the legislative process.

FSR supports tax reform to increase economic opportunity and enable more Americans to access financial products and services to achieve their goals. FSR CEO Pawlenty outlined the importance of business and individual tax reform in an op-ed for the Hill. A recent FSR/Morning Consult poll showed three in four voters (73%) say passing a tax reform bill should be a top or important priority for Congress and nearly nine in ten (87%) say it’s important to simplify the U.S. tax system. View more poll highlights here.

 

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About The Author

The Financial Services Roundtable represents the largest integrated financial services companies providing banking, insurance, payment and investment products and services to the American consumer. Member companies participate through the Chief Executive Officer and other senior executives nominated by the CEO. FSR member companies provide fuel for America’s economic engine, accounting for $92.7 trillion in managed assets, $1.2 trillion in revenue, and 2.3 million jobs.

Follow @FSR