Club for Growth Sends Letter to Tax Conferees

Rachael Slobodien - December 07th, 2017

Washington, DC – Today, Club for Growth President David McIntosh sent a letter to Majority Leader McConnell, House Speaker Ryan, and members of the tax conference committee.  An excerpt of the letter is below.  The letter can be read in its entirety here.

 

“As conference discussions begin, Club for Growth wants to ensure that the most significant pro-growth provisions in the House and Senate legislation are preserved and not lost in an effort to appease special interests pleading to retain their particular tax benefit.  In other words, we want to make sure that what comes out of the conference committee is more pro-growth and not less than what went into it. 

 

Club for Growth urges the conferees not to increase any marginal tax rates.

 

  1. Stand firm and keep the corporate rate at 20 percent. 
  • We believe lowering the corporate rate to 20 percent is among the most pro-growth components in both versions of the legislation.  As the Tax Foundation has found, cutting the corporate rate from 35 percent to 20 percent will increase our nation’s GDP by 3.1 percent in the long run.  It will also increase the size of the U.S. economy by nearly 4 percent and result in 3 percent higher wages for American workers.

 

  1. Adopt at least the Senate’s top individual marginal tax rate and reject the House’s proposal.  Further reductions in the top individual rate would create even more economic growth. 
  • Lowering this rate benefits all Americans by spurring more investment and thereby creates economic growth and jobs throughout our country.  The Tax Foundation has found that lowering income tax rates by 10 percent – a similar reform to the Senate proposed rates – would further boost the economy by 1 percent. Additional reductions in income tax rates would provide even greater benefits to all Americans.

 

  1. Include the Senate’s repeal of the individual mandate.
  • This provision will allow over $300 billion in additional tax cuts, making the overall bill even more pro-growth.  This should not be a point of contention.  The Senate included the repeal of the Obamacare mandate in their version, and the House has repeatedly voted to repeal it in previous years.

 

Conference meetings inevitably require tradeoffs to rectify the differences between the legislative texts.  In making those tradeoffs, Club for Growth strongly urges conferees to stand strong and fight for the most pro-growth policies that benefit all Americans and not diminish them by giving in to class warfare or social engineering arguments.” 

 

Club for Growth Applauds Senate Passage of Tax Reform; Calls on House to Pass Senate Bill

Rachael Slobodien - December 06th, 2017

Washington, DC – Today, Club for Growth President David McIntosh issued the following statement upon the Senate’s passage of tax reform:

 

“Congratulations to the Senate for passing the “Tax Cuts and Jobs” Act. We particularly are grateful for the hard work of conservative champions who fought tirelessly to incorporate pro-growth policies in the legislation making the list of conservative victories a long one. Between repealing the individual mandate and eliminating the SALT subsidies for high-tax states, conservatives have much to celebrate.

 

Club for Growth now calls on Speaker Paul Ryan to bring the Senate version of the bill to the House floor for passage next week.  The bill should arrive on President Trump’s desk before Christmas giving the American people a well-deserved present.  If some House members have lingering concerns, Club for Growth supports efforts to take up those reforms in another tax reform bill next year.  

 

Club for Growth looks forward to the next steps as pro-growth tax reform — and the economic prosperity it unleashes — now becomes a reality for our nation.”

Key Vote Alert – “NO” on Attempts to Increase Proposed Tax Rates in the Senate Tax Reform Plan

Mr. Andrew Roth - November 30th, 2017

KEY VOTE ALERT
“NO” on Attempts to Increase Proposed Tax Rates in the Senate Tax Reform Plan

The Club for Growth urges all Senators to vote NO on any amendment that will increase any of the corporate or individual tax rates established in the proposal that was reported out of the Senate Budget Committee. Votes on such amendments are expected today and tomorrow. Some or all of these votes will be included in the Club for Growth’s 2017 Congressional Scorecard.

In its current form, the Club for Growth supports the Senate Budget Committee proposal. It includes pro-growth corporate tax cuts, full expensing, a switch to a territorial tax system, and solid, but modest improvements to the individual code.

Now that the bill is being debated on the Senate floor, there will be attempts to weaken it, including the Rubio-Lee amendment that will expand the child tax credit, paid for with a 2-point increase in the proposed corporate rate. The Club will score against the Rubio-Lee amendment.

The Club also opposes the so-called “trigger”. While details are still unknown, it’s clear that such a mechanism could lead to tax hikes in future years. Any amendment that proposes such a trigger will be scored against by the Club. Likewise, any amendment that proposes to remove the trigger will be scored in favor by the Club.

Our Congressional Scorecard for the 115th Congress provides a comprehensive rating of how well or how poorly each member of Congress supports pro-growth, free-market policies and will be distributed to our members and to the public.

Club for Growth Warns against Tax Hike Trigger

Rachael Slobodien - November 29th, 2017

Washington, DC – Today, Club for Growth President David McIntosh issued the following statement in response to talk of an automatic tax hike trigger being added to the Senate’s tax reform package:

“The idea of a ‘tax hike trigger’ should be rejected on its merits,” stated Club for Growth President David McIntosh.

“Any senator who understands basic business principles and truly cares about the deficit should understand that this trigger is an automatic tax increase and will actually harm economic growth.  It will have harmful impacts on American businesses and undermine any economic growth potential in this tax reform bill because businesses will not invest due to the possibility of a higher tax rate.

What Senators Lankford and Corker are saying here is that if the deficit gets too large, then they want to tax people more.  Here’s an idea.  How about cutting spending?  Just yesterday Senator Lankford issued 100 wasteful examples of federal spending.  But instead of cutting the programs, ironically, Senator Lankford would allow wasteful measures like them to continue to receive funding – through his automatic tax increases no less! 

“If they’re truly worried about the deficit and they want to establish a trigger, then they should limit the size of government.  A spending cut trigger would be a far better idea.”

Club for Growth PAC Endorses Former Idaho State Senator Russ Fulcherfor Congress

Rachael Slobodien - November 27th, 2017

Washington, DC – Today, the Club for Growth PACannounced its endorsement of former Idaho State Senator Russ Fulcher for the U.S. House of Representatives.  Fulcher is running for the open seat being vacated by Congressman Raul Labrador (ID-01), who is running for governor.

“Club for Growth PAC is thrilled to announce support for Russ Fulcher and his campaign for Congress,” stated Club for Growth PAC President David McIntosh.

“Russ is a conservative hero in Idaho politics.  While serving as a state senator, Fulcher led the fight against the implementation of the state’s Obamacare exchange.  He also was a staunch opponent of Obamacare’s Medicaid expansion and led the effort to eliminate the state’s sales tax on groceries.

“Russ has demonstrated he’s not afraid to buck the party’s establishment and will tirelessly fight for conservative economic policies to strengthen our nation.”

 

Paid for by Club for Growth PAC and not authorized by any candidate or candidate’s committee. 202.955.5500