Today, Congresswoman Terri A. Sewell (D-AL) released the following statement in response to President Obama's Framework for Business Tax Reform:
"I applaud the President for outlining a bold framework for reforming the U.S. business tax system. This proposal is an important first step towards developing a comprehensive tax code that echoes the long held belief that we all must pay our fair share and enhance American competitiveness.
This framework proposes fair tax policies for businesses that would encourage job creation and strengthen American manufacturing. It puts an end to tax loopholes and subsidies that have hurt business productivity and growth. In addition, it provides incentives to strengthen our small businesses and encourage entrepreneurship. The framework will help us pave the way to rebuilding the middle-class and make our businesses - both large and small competitive again.
I look forward to continuing to work with the President and my colleagues in Congress on a comprehensive tax reform plan that will grow our economy, reduce our deficit and build a stronger economic foundation for America's families."