One day after a face-to-face meeting with President Obama, a group of some of the nation’s most powerful business leaders challenged Washington lawmakers not to wait until after the fall election to take action on immigration, tax reform and the government’s fiscal woes.
The plan, “Taking Action for America,” also calls for lower corporate taxes.
“It’s no secret that America has one of the least competitive corporate tax systems in the world. We think we can get to a 25 percent tax rate … and do it in a fiscally responsible way,” said Mr. McDonald, chairman of the tax and fiscal policy committee at the Business Roundtable.
The executives also called for streamlining the federal regulatory process.
“Done wrong, they impose massive costs on U.S. businesses,” he added. “They become a drag on the economy. That is something none of us can afford.”
The business leaders also want to see immigration reform on the front burner in Washington.
“We believe immigration reform needs to happen in America. We do think it’s positive for economic growth. We certainly think it’s positive for an innovation agenda. We just need to get it done,” said John Engler, the group’s president and a former Republican governor of Michigan.
The NLRB dropped its complaint against Boeing in December after the aerospace giant made concessions to its unions in Washington upset by the company’s decision to open a new plant in South Carolina, a right-to-work state.
“We shouldn’t have had to go through it,” Mr. McNerney said at a Business Roundtable event on Wednesday.View Entire Story
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Tim Devaney is a national reporter who covers business and international trade for The Washington Times. Previously, he worked for the Detroit News, Grand Rapids Press, Portland Press Herald and Bangor Daily News. Tim can be reached at email@example.com.
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