November 17, 2017

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Senate Finance Committee Moves Tax Reform Forward

With action in the House and the Senate this week, meaningful tax reform that can increase economic growth and boost wages is a step closer to the President’s desk.

Senate Finance Committee Moves Tax Reform Forward
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Senate Finance Committee Moves Tax Reform Forward 

 

WASHINGTON – The Financial Services Roundtable (FSR) welcomed Senate Finance Committee passage of its tax reform bill and urged Congress to work together to quickly advance a final tax reform bill to the President’s desk.

“With action in the House and the Senate this week, meaningful tax reform that can increase economic growth and boost wages is a step closer to the President’s desk,” said FSR CEO Tim Pawlenty.

FSR commends the work of Senate Majority Leader McConnell, Chairman Orrin Hatch and other leaders of the Senate who have worked to move forward a pro-growth tax plan. While there are areas of the bill that need refinement as it works its way through the legislative process, FSR is committed to achieving a successful outcome that will drive more jobs, and more investment that benefits American families and businesses.

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