(Washington, D.C.) The Grocery Manufacturers Association (GMA) today commended the release of the Senate Finance Committee tax reform proposal as an important step forward in Congress towards passing critical reforms to the nation’s tax code, and urged the House to move forward with plans to vote on its bill this week.
“Action from Congress on tax reform is vital to the success of America’s growing economy. The release of the Senate bill and a plan for the House to vote this week moves the nation one step closer to creating a tax system that would take a territorial approach, secure internationally competitive tax rates for manufacturers, reduce taxes on consumers, and help spur job creation within the grocery manufacturing industry,” said Pamela G. Bailey, GMA’s president and CEO. “As the single largest U.S. manufacturing employment sector – with 2.1 million jobs across the country – we urge the House to pass tax reform this week and for the Senate Finance Committee also to complete their work this week so the full Senate can take up the bill as soon as possible.”
The food, beverage and consumer products industry plays a unique role in America as the single largest U.S. manufacturing sector, with 2.1 million jobs in 30,000 communities across the country. As a critical driver of the economy, this industry touches the lives of every American family every day, and tax reform could help fuel additional job growth for grocery manufacturers and workers.
The Grocery Manufacturers Association (GMA) is the trade organization representing the world’s leading food, beverage and consumer products companies and associated partners. The U.S. food, beverage and consumer packaged goods industry plays a unique role as the single largest U.S. manufacturing employment sector, with 2.1 million jobs in 30,000 communities across the country that deliver products vital to the wellbeing of people in our nation and around world. Founded in 1908, GMA has a primary focus on product safety, science-based public policies and industry initiatives that seek to empower people with the tools and information they need to make informed choices and lead healthier lives. For more information, visit gmaonline.org.