Tax Reform

Tax Reform – A Once In A Generation Opportunity That Cannot Be Missed 

 

Congress has a once-in-a-generation opportunity to pass comprehensive, pro-growth tax reform in coming weeks.  The McLean County Chamber of Commerce and its membership has spent time this session advocating at home and in Washington, D.C. for the lowering of the world’s highest corporate rate – as well as for pass-through entities, simplification of the tax code, and certainty for McLean County businesses through permanent reform.

 

America is at a disadvantage.  It has been three decades since Congress has made meaningful reforms to the tax code, and it is holding back the American economy.  Our businesses can't compete globally, make investments in their business, or hire new employees.  For McLean County business owners, we believe a critical path to success is reforming the tax code. 

 

Tax Reform is moving at full speed - but there are still tight deadlines and remaining hurdles in play. The Chamber wants to applaud Congressman Rodney Davis and Congressman Darin LaHood for their efforts in making Tax Reform a priority. 

 

While it is a major step forward, we recognize The Tax Cuts and Jobs Act is imperfect – like most consequential legislation considered by Congress.  There are legitimate concerns that have been raised by our local partners; however, we trust that through communication with the Chamber and its membership, these concerns will be addressed as best as possible.  In everything we do, we urge our federal lawmakers to continue striving to create the best deal possible for McLean County businesses.