Katie Grant, 202-225-3130
WASHINGTON, DC - House Democratic Whip Steny H. Hoyer (MD) released the following statement today after the Obama administration released the President's Framework for Business Tax Reform:
"Sustaining our economic recovery depends on American businesses, especially manufacturers, remaining globally competitive and able to continue investing in innovation and job growth. The President's proposal would lower the business tax rate by broadening the base through elimination of those loopholes that distort business decision making. It also goes hand in hand with House Democrats' Make It In America comprehensive jobs plan by providing incentives for manufacturing and research that will help us retain our role as the world's innovation leader. When we help manufacturers make their products here in America, it in turn helps create opportunities for more of our people to Make It In America."