ASBC Statement on the GOP Tax Plan
Washington, DC – In anticipation of passage of the GOP Tax Plan in the House and Senate, the American Sustainable Business Council (ASBC) released the following statement, which may be attributed to David Levine, President, CEO and Co-founder:
“This bill fails as corporate tax reform because it cuts the wrong taxes at the wrong time. Cutting corporate and pass-through taxes now, during this strong business cycle, will not achieve the growth Republicans say it will.
“Instead, the plan will boost the deficit, risk inflation and require future cuts to infrastructure, research, and education investments that all businesses rely on as key building blocks. Investors will line their pockets, while very few companies will invest in employees. Wall Street wins while the real economy loses.”
The American Sustainable Business Council (ASBC) is the leading business organization serving the public policy interests of responsible companies, their customers and other stakeholders. Founded in 2009, ASBC’s membership represents over 250,000 businesses in a wide range of industries. ASBC advocates for policy change and informs business owners, policymakers and the public about the need and opportunities for building a vibrant, broadly prosperous, sustainable economy.