Congress must pass budget resolution in order to begin negotiations on tax reform
(Washington, D.C.) The Grocery Manufacturers Association (GMA) today urged the U.S. House of Representatives to swiftly approve the Senate-passed budget resolution as a critical step towards moving forward on vitally needed tax reform.
“Food, beverage and consumer products manufacturers support tax reforms for consumers and businesses that will promote economic growth and create jobs in America,” said Pamela G. Bailey, GMA’s president and CEO. “House passage of the Senate budget resolution will allow Congress to move forward more quickly on implementing real tax reform for hard-working Americans and businesses. This is our first chance in 30 years to create a tax system that includes a lower internationally competitive tax rate and territorial approach that enables nearly all U.S. consumer packaged goods manufacturers to be more competitive.”
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.
Last month, GMA sent a letter to President Trump and other key tax negotiators calling for action this year on tax reform that helps American consumers, spurs innovation, levels the playing field for U.S. manufacturing, and creates jobs.