High effective tax rates ó among the highest in the world ó are hindering the growth of our nationís most prominent industries, depriving Americans of hundreds of thousands of jobs and billions of dollars in savings and increased salaries.
More than 1 million large and small businesses across the country have banded together in the Coalition for Fair Effective Tax Rates to fight the disparities in effective tax rates and the inherent unfairness of the tax code.
The reason: Drastic differences in effective tax rates need to be erased. The American people, Congressí top tax-writers and the business community understand this. Now itís time for Congress as a whole to listen as well.
Dan Danner, president of the National Federation of Independent Business, and Bill Hughes, senior vice president at the Retail Industry Leaders Association, co-chair the Coalition for Fair Effective Tax Rates.
Vice President Joe Biden waits to conduct a mock swearing-in ceremony with Sen. Brian Schatz, D-Hawaii, in the Capitol's Old Senate Chamber, December 2, 2014. Schatz was sworn in to serve the remainder of his term since he was appointed to the seat after Sen. Daniel Inouye, D-Hawaii, passed away.