GBA Commends Bipartisan Effort on Tax Deal

Productive Step in Boosting Innovation and Economic Growth

WASHINGTON, D.C. – Today, the bipartisan Tax Relief for American Families and Workers Act passed through the House Ways and Means Committee. Nancy McLernon, president and CEO of the Global Business Alliance, released the following statement in response to the bill’s passage:

“At a time when Congress seems to be plagued by low productivity, the bipartisan effort emanating from the Ways and Means Committee is a jolt of positive momentum for greater economic prosperity. I applaud Chairman Smith, Ranking Member Neal and their colleagues for their dedicated leadership in ensuring that the research and development expensing, interest deductibility, and bonus depreciation provisions are restored. This legislation will increase America’s innovation, boost economic growth and encourage more investments in the U.S. Today was a positive indicator that Congress can come together to advance pro-growth policies. I urge congressional leaders to act swiftly to advance this bill.”