Comprehensive Tax Reform: Good for Tennessee and Good for the U.S.

By October 1, 2013Taxation

Following a stop in Memphis last month by Congress’ chief taxwriters Sen. Max Baucus (D-MT) and Rep. Dave Camp (R-MI) to talk taxes, John Faraci, Chairman and Chief Executive Officer of Memphis-based International Paper Co., penned an op ed promoting the benefits of a comprehensive rewrite of the tax code.  Manufacturers couldn’t agree more with Mr. Faraci’s assertion that “simplifying and modernizing the current tax code has the potential to ignite a virtuous circle of economic activity: businesses increase investments, consumers have more spending power and businesses grow even further.”

We also share his belief that “America’s current tax system is anything but virtuous” and know firsthand that the challenges faced by International Paper and other businesses in Tennessee are similar to challenges faced by manufacturers nationwide. We support efforts by Chairmen Baucus and Camp to advance pro-growth, pro-manufacturing tax reform. To quote Mr. Faraci, “ All of us can support reforms that will achieve a more modern, streamlined tax system that promotes jobs and growth for Tennessee and the entire nation.”

Dorothy Coleman

Dorothy Coleman

Dorothy Coleman is vice president of tax and domestic economic policy at the National Association of Manufacturers (NAM). Ms. Coleman is responsible for providing NAM members with important information related to tax issues and representing the NAM’s position to Congress, the Administration and the media. An NAM spokesperson for tax policy issues, she coordinates membership coalitions; prepares testimony, reports and analyses; and responds to media inquiries. Before taking over as vice president of the tax policy department, she served as director of tax policy from April 1998 to April 2000.
Dorothy Coleman

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