Printing Industries of America Announces Formation of Diverse Tax Coalition
Printing Industries of America issued the following statement regarding the formation of the Coalition for Fair Effective Tax Rates, intended to focus the 113th Congress on passing necessary tax reform legislation:
Printing Industries of America today announces the formation of the Coalition for Fair Effective Tax Rates (CFETR), collectively representing about 500,000 businesses ranging from corporate rate payers to small mom-and-pop printers paying individual tax rates. As a founding member, Printing Industries of America will work to educate Congress on the concept that tax reform should be viewed through the lens of effective tax rates—the amount of taxes businesses actually pay. Rather than promote tax preferences, CFETR will keep effective tax rates front and center for lawmakers and highlight the inequities of the code for businesses of all sizes.
“With Printing Industries of America being a leading member of the newly formed Coalition for Fair Effective Tax Rates, printing and graphics communication companies will have a seat at the table throughout the debate in the House and Senate regarding tax reform,” said Lisbeth Lyons, vice president of government affairs for Printing Industries of America. “Directing the dialogue on Capitol Hill for tax reform in the 113th Congress is an essential tool for ensuring the Government does not pick winners and losers among industry sectors in the tax code. Both the House and Senate have laid the groundwork to introduce legislation, and the involvement of this coalition and the business community is critical in pushing real reform across the finish line.”
The CFETR intends to establish effective tax rate fairness as the best metric to form policy and analyze how it would impact different business types and industries. “Through the coalition, we will promote tax reform and simplification that broadens the tax base and lowers the tax rates for corporations, pass-through entities, and individuals. As Congress considers a major tax code overhaul, it’s important that key committees hear how policies crafted on Capitol Hill would affect the printing industry in a practical way,” said Lyons. “We look forward to working through the coalition to advance this critical debate on tax reform and shape the discussion to encourage job creation and economic growth with lower effective tax rates.”