Home // News // Business Leaders for Michigan Applauds U.S. House Tax Reform Plan

Business Leaders for Michigan Applauds U.S. House Tax Reform Plan

Business Leaders for Michigan Applauds U.S. House Tax Reform Plan
Thursday, Nov 2, 2017
Download Press Release


DETROIT, Mich. — Business Leaders for Michigan today lauded the House’s tax reform legislation, which includes a provision to lower the corporate tax rate.

“The U.S. has the highest corporate tax rate in the world.  Anything we can do to lower that rate will put dollars directly into the American economy and create new jobs,” said Patrick Doyle, BLM board chair and president and CEO of Domino’s.  “We are very pleased to see the House bill include a corporate rate of 20 percent,” added Doyle.

Doug DeVos, chair of BLM’s federal issues committee and president of Amway, concurred.

“We appreciate House Speaker Paul Ryan’s leadership and the bold action taken by Congressional leaders today in introducing this legislation,” DeVos said. “While we still need to review the details of the bill, this is an important step and we look forward to working with members of Congress and the Administration to enact meaningful tax reform this year.”

During recent Congressional meetings in Washington, BLM member companies discussed the importance of reforming the corporate tax code for increased economic growth and capital investment in Michigan.

BLM’s recommended federal tax reform policies would accomplish the following:

  • Set the corporate tax rate at 25 percent or less.
  • Eliminate additional taxation of U.S. corporate foreign earnings.
  • Simplify and reform the federal corporate tax code in a fiscally responsible manner.
  • Make tax reform permanent to support long-term business decisions and commitments that allow for capital investment.

 

 

Recent News

News

One More Item On Our 2018 To-Do List

Dec 12, 2018

Leading What’s Next… As we come to the end of another calendar year, it’s great to reflect on all that has been accomplished. We’ve made new strides in connecting business with...

Read More
Data

BLM releases 2018 statewide economic benchmarking data

Nov 12, 2018

DETROIT, Mich.—Business Leaders for Michigan (BLM), the state’s business roundtable, released a major report on the state’s economic performance Monday, highlighting the impact of key policy and...

Read More
What We're Reading

Launch Michigan releases Phase I recommendations

Dec 22, 2019

Launch Michigan is a diverse alliance of education, labor, business and philanthropic organizations, and parents and civic leaders committed to establishing a shared agenda to ensure all Michigan stud...

Read More
What We're Reading

Is Michigan ready for the next recession? Not even close

Nov 19, 2019

From Crain’s Detroit – In the last couple of years, many economists have suggested that the U.S. economy could enter a recession in 2020 or 2021. Trade wars, ballooning corporate and perso...

Read More
News

What actions can we take to keep accelerating Michigan’s growth?

Nov 19, 2019

That’s a wrap for another fantastic CEO Summit. Our event on Nov. 5 was aimed at figuring out what’s headed our way next: a recession? Further economic growth with new hires and business expansion...

Read More