[print version]
FEI Joins Over 280 Organizations in Call to Keep American Workers Competitive
July 24, 2009
FEI Summary
On Jul. 23, 2009 FEI’s Committee on Taxation (COT) joined more than 280 other companies and associations as part of the PACE Coalition (an acronym for Protect America’s Competitive Edge), in a letter calling on Members of Congress to recognize that to stimulate economic growth, the United States must retain a competitive tax system that allows America’s worldwide companies to compete on a level playing field both at home and abroad.
In a letter delivered to all Members of Congress, PACE Coalition members stated:
…American companies with worldwide operations directly employ 22 million American workers and support an additional 41 million U.S. jobs through their supply chain and through the purchases of goods and services by their employees. A steep corporate tax hike on worldwide American companies, especially during a severe recession, will hinder our ability to protect and create American jobs and will slow our nation’s economic recovery...
…We strongly urge Congress to reject any attempt to expand taxation of income beyond the borders of the U.S., as it would impair the competitiveness of American companies and American workers.
The letter was signed by 282 companies and business associations, representing a wide range of industries that drive U.S. growth by selling goods and services abroad.
To learn more, visit www.pace4jobs.org.
[print version]