ABOUT THE
PACE COALITION
As America continues its fight against COVID-19, the PACE coalition is dedicated to a robust economic recovery and long-term prosperity for all Americans. This can be achieved by preserving and strengthening the global competitiveness of U.S. workers and businesses. The ability of employers — small, medium, and large — to create American jobs depend on a tax environment that encourages new projects and investments. Recognizing that other countries continue to adapt their tax policies to attract investment and jobs, U.S. leaders should support policies that create a competitive playing field for American workers and avoid policies that would disadvantage American businesses. This includes opposing policies that impose a higher rate of tax on the foreign operations of U.S. companies than faced by their foreign competitors. Such non-competitive policies reduce the ability of American companies to compete in foreign markets and result in fewer jobs at home.
PACE COALITION STEERING MEMBERS
Business Roundtable
National Association of Manufacturers
National Foreign Trade Council
U.S. Chamber of Commerce
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2017 tax reform strengthened U.S. global competitiveness, investment & employment. Proposed international tax changes would put U.S. companies who employ tens of millions of Americans at a severe disadvantage compared to their foreign competitors - a risk the U.S. cannot afford.
The White House and Democrats in Congress should think twice about undoing the corporate tax reform and partisan economic pundits should point their criticisms at something else, write Tyler Goodspeed and Kevin Hassett
https://on.wsj.com/3w5yffX
We can combat inflation without imposing harmful tax increases on our nation's manufacturers. We must address America's worker shortage, bolster U.S. energy independence and pass the bipartisan China competition bill. (1/7) https://twitter.com/seungminkim/status/1524056966032760834
Biden calls taming inflation his “top domestic priority.”
PACE agrees: “Nothing would be worse for U.S. competitiveness than for Washington to rush into implementing a ‘global’ tax deal that isn’t global at all.” Congress shouldn't agree to tax changes unless & until our competitors adopt comparable rules.
Competitiveness is what lawmakers should debate when they talk about the tax code. But a global tax deal that’s bad for America and isn’t even global is the wrong way to do it.
https://on.wsj.com/3KVsy8s
Sec. Yellen says the EU is “very close” to adopting a global minimum tax, but full adoption remains years away at best. Congress should not agree to these changes unless and until our major competitors adopt their own comparable rules.
Yellen still sounding optimistic about Congress passing international tax changes....
https://www.wsj.com/livecoverage/wsj-ceo-council/card/treasury-secretary-janet-yellen-says-u-s-economy-remains-strong-NhX9GSVxdV8LWqzk3hsF