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New England Council Suggests These Tax Reforms
 
Published Monday, July 31, 2017

The New England Council, the nation’s oldest regional business association representing over 500 companies and organizations throughout the region, released its Principles for Effective Tax Reform report. The outline includes a set of broad recommendations for ways to update and improve the federal tax code. 

“As our leaders in Congress consider reforms to our nation’s outdated and complicated tax code, The New England Council has prepared a set of principles that we have shared with the New England delegation and other key Congressional leaders,” says James T. Brett, president and CEO of The New England Council.  “We believe that these principles represent the common concerns and recommendations of the region’s business community, and hope that they are helpful to leaders in Washington as tax reform proposals continue to take shape in the coming weeks and months.”

In the report, the council encourages a comprehensive approach to tax reform that addresses both business and individual tax provisions at the same time. The Council also recommends the tax code be simplified to minimize the burden on businesses, and that all provisions be permanent to provide certainty to businesses.  Finally, the Council urges Congress to preserve and enhance incentives for Americans to save and invest in their futures, and to enact tax reform that will continue to encourage the investment and innovation that is so key to continued growth in New England.


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