American CEOs send letter to House: Kill the 'made in America' tax
Posted: Wed Feb 22, 2017 7:34 am
CNBC - 2/21/2017 - Ylan Mui - More than a dozen chief executives from some of the nation's biggest manufacturing companies called on lawmakers Tuesday to overhaul the corporate tax code and embrace a controversial proposal that would reduce the cost of exports but penalize imports. In a letter to House and Senate leadership, they argued that the current tax system penalizes American factory workers and restrains business investment and economic growth. Among the 16 executives who signed the letter are Dennis Muilenburg of Boeing, Jim Umpleby of Caterpillar, Thomas Kennedy of Raytheon and Gregory Hayes of United Technologies. "We applaud your efforts to pursue tax reform that is both big and bold," the letter states. "Incremental tweaks will not level the playing field for American workers or dramatically reinvigorate economic growth." Read more @ http://www.cnbc.com/2017/02/20/ceos-cal ... akers.html