The Promote America’s Competitive Economy (PACE) coalition is dedicated to a robust economic recovery and long-term prosperity for all Americans.
Joined March 2021
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@keeppaceus agrees with @Sen_JoeManchin that Congress shouldn't agree to tax hikes on U.S. companies' foreign earnings “because the rest of the countries won’t follow. And we’ll put all of our international companies in jeopardy.”
wsj.com/articles/joe-manchin…
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
on.wsj.com/3w5yffX
Promote America’s Competitive Economy retweeted
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)
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.
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....
wsj.com/livecoverage/wsj-ceo…
Anticompetitive changes to GILTI in Build Back Better would seriously disadvantage American businesses and workers when our foreign competitors can’t agree on similar proposals. Congress should not act unless and until our competitors do. keeppace.us/icymi-eu-failed-…
The EU’s failure to agree on timing to implement its global minimum tax makes the case for why Congress should not adopt changes to GILTI.
Such action would only disadvantage U.S. workers & companies by saddling them with a tax hike our foreign competitors don’t face. keeppace.us/icymi-eu-failed-…
Tax hikes on the foreign earnings of U.S. companies would put U.S. companies—who employ tens of millions of Americans—at a severe disadvantage compared to their foreign competitors, none of whom pay a minimum tax on foreign earnings and will not for many years, if at all. #SOTU
Harmful tax changes would erode America's competitive standing, favor foreign competitors over American businesses and workers and discourage investment at home. Learn more: keeppace.us/
Harmful tax changes would make it more difficult for U.S. companies to remain competitive on the world stage. Learn more: keeppace.us/
.@USChamber’s @NeilBradleyDC expressed concern “that we’re heading down the road on [a global minimum tax agreement] that fundamentally disadvantages U.S. companies.”
Congress must reject international tax changes that harm U.S. workers and businesses. news.bloombergtax.com/daily-…
A globally competitive tax system promotes sustainable, long-term economic growth and keeps U.S. companies ahead of their foreign competitors — leading to increased investment, higher wages & more jobs here at home: keeppace.us/
A majority of swing state voters agree: Requiring U.S. companies to pay more in taxes than their international competitors would harm jobs and economic growth. We urge Congress to reject uncompetitive changes to our tax code.
Read the @NAWorg survey: naw.org/news/new-survey-majo…
Changing the U.S. tax code before our major competitors put in place comparable rules isn’t “level the playing field”—it’s only putting American companies, workers and communities at a disadvantage.
news.bloombergtax.com/daily-…
Increasing taxes on the foreign earnings of U.S. businesses would put America’s job creators and workers at a disadvantage compared to foreign competitors — none of whom currently pay a minimum tax on foreign earnings. Learn more: keeppace.us/
ICYMI: PACE sent a letter to Congress outlining how #BuildBackBetter would further tilt the playing field against U.S. businesses. Learn how an increased #GILTI tax would negatively impact American #jobs: keeppace.us/dec-17-2021-lett…
PACE calls upon the Senate to reject the House-passed BBB bill. Increasing the U.S. #GILTI tax would put American companies at a greater disadvantage compared to their foreign competitors. Read more here: keeppace.us/dec-17-2021-lett…
Today, PACE sent a letter to Congress urging the Senate to reject international #tax proposals that would severely harm U.S. competitiveness. Read more here:
keeppace.us/dec-17-2021-lett…