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) partners with business organizations and companies to advocate for solutions and policies that support an equitable, sustainable, stakeholder economy. We are a multi-issue, business organization advocating on behalf of all sectors, sizes, and geographies of industry. ASBC and our association members collectively represent over 250,000 businesses across our networks.
We are coalition-focused in our approach to solving the pervasive and systemic issues of climate and energy, infrastructure, circular economy, and creating an inclusive stakeholder economy, all seen through the lens of racial equity and justice. We are changing the rules by which business is done so it is better for all people and the environment