Last updated on: 7/17/2013 | Author: ProCon.org

Reforming America's Taxes Equitably (RATE) Coalition Biography

Position:
Pro to the question "Does Lowering the Federal Corporate Income Tax Rate Create Jobs?"
Reasoning:

“[Corporate tax] reform, especially in a time of constrained fiscal resources, should be properly viewed as an element of U.S. innovation policy. Innovation policy is, of course, fundamental to the economic growth of a large developed economy like the United States. It supplies the ‘extra ingredient’ necessary to complement capital and labor, which is why numerous respected studies have labeled it fundamental to increased productivity and, therefore, to the ability of a nation to host start-up businesses and create new jobs… Lowering the corporate tax rate will allow such companies to put more capital to work, leading to additional capital investment and greater productivity. This, in turn, will serve as a direct catalyst for job creation and growth.”

“Corporate Tax Reform and Innovation: Pro-Growth Policy in a Time of Economic Need and Fiscal Constraint,” ratecoalition.com, May 2012

Theoretical Expertise Ranking:
Organizations/VIPs/Others
Individuals and organizations that do not fit into the other star categories.
Description:

“In today’s global economy, America’s tax system must reflect the dynamic and innovative marketplace in which all businesses compete. RATE is a coalition of businesses, associations and other like-minded groups that are joining together to advocate for sound and equitable reforms to the tax code that will restore the competitiveness of the United States as a place to invest and grow, and boost job creation and economic growth.”

“About Us,” ratecoalition.org (accessed July 1, 2013)

Mission:

“To reform the tax code, making it fairer and simpler and improving the prospects of growth and jobs in the US economy by reducing the corporate income tax rate to make it more competitive with our nation’s major trading partners.”

“About Us,” ratecoalition.org (accessed July 1, 2013)

Other:
501(c)(4) nonprofit organization
Contact Info:
Phone
202-559-0293
Email
info@ratecoalition.com
Website
ratecoalition.com
Quoted in:
Pro & Con Quotes: Does Lowering the Federal Corporate Income Tax Rate Create Jobs?