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IPC – Association Connecting Electronics Industries® is welcoming a new framework for tax reform launched today by the Trump Administration in coordination with Republican leaders of the House Committee on Ways and Means and the Senate Committee on Finance.
The framework references President Trump’s four principles for tax reform, which are:
- Keeping it simple, fair, and easy to understand;
- Giving American workers a pay raise by allowing them to keep more of their paycheck;
- Leveling the playing field for American businesses and workers;
- Bringing back money that is currently kept offshore to reinvest in the American economy.
Reforming the tax code is critical to the global competitiveness of the U.S. electronics industry, and IPC commends the administration for taking this first important step. IPC supports a decrease of the corporate tax rate while keeping robust incentives for innovation, and looks forward to working with the administration and Congress as the tax reform process moves forward.