America's Business to Business Journal for Industry

Coalition Letter to Debt Supercommittee


September 29, 2011

The undersigned organizations urge you, as a member of the newly appointed Joint Select Committee on Deficit Reduction, to go beyond the legislative mandate of the Balanced Budget Control Act of 2011 to achieve savings of $1.2 to $1.5 trillion to ensure that we stabilize our nation’s debt and put the debt’s share of the economy on a downward path.  This is essential for long-term economic growth in our nation.

We believe it is crucial to act expeditiously to rein in spending, reform the tax code, reduce the deficit, and stabilize and ultimately lower America’s level of debt.  Economic growth is critical to our nation’s fiscal health, and we believe that these steps will remove the threat of fiscal instability, improve certainty, and create a sustainable foundation for economic and job growth in the years ahead.

Put simply, Congress must reform entitlement programs and comprehensively restructure the U.S. tax code.

The U.S. tax system is in desperate need of simplification and fundamental, comprehensive reform that encourages investment and employment.  Comprehensive reform of corporate and individual taxes has been urged by individuals and groups as diverse as the House Budget Committee chairman, the chairmen of the Senate and House tax-writing committees, the Treasury Department, the National Commission on Fiscal Responsibility and Reform among many others.  We believe the primary goal of tax reform should be improving the nation's long-term economic growth, which will lift Americans’ living standards and create jobs.

Globally, in just the past four years, 75 countries have cut their corporate tax rates to make themselves more tax-competitive and increase economic growth.  America’s largest trading partners—Canada, Great Britain, and Japan—have all taken steps to become more competitive.  Meanwhile, our nation’s small businesses are facing the prospect of a crushing 39.6 percent tax burden.  We must have policies that lead to faster, more sustainable economic growth to employ and reemploy millions of Americans.  Policies conducive to long-term economic growth are one of the keys to fixing the long-term fiscal crisis facing the country.

Regarding entitlement reform, our nation’s demographics will continue to put increasing financial pressure on our entitlement systems, as more than 70 million baby boomers begin their retirements starting this year.  Reforms to major entitlement programs should be made as quickly as possible so that the benefits of current and near-term retirees are secured and changes in future benefits can be phased in over a period of time.

We believe that putting in place a multi-year growth and deficit reduction strategy that reforms entitlements, implements comprehensive tax reform, and stabilizes the debt as a share of the economy is critical in creating the stability the business community needs, growing the economy, and restoring Americans' faith in the political system.

We strongly urge you, as a member of the Joint Select Committee on Deficit Reduction, to go beyond the specific mandate of the Budget Control Act and take the steps necessary to achieve these critically important objectives.

Sincerely,

Air Conditioning Contractors of America

American Bakers Association


American Beverage Association

American Chemistry Council

American Coatings Association

American Council of Engineering Companies

American Financial Services Association

American Forest & Paper Association

American Foundry Society

American Gaming Association

American Gas Association

American Insurance Association

American Lighting Association

American Rental Association

American Restaurant Association

American Supply Association

American Trucking Associations


AMT - The Association For Manufacturing Technology

Ardmore Chamber of Commerce

Arizona Chamber of Commerce and Industry

Arizona Small Business Association

Arizona Manufacturers Council

Arizona New Mexico Cable Communications Association

Arkansas State Chamber of Commerce/AIA

Arlington Chamber of Commerce - TX

Associated Builders & Contractors, Inc.

Associated Builders & Contractors, Rocky Mountain Chapter

Associated Equipment Distributors

Associated General Contractors of America

Associated Industries of Florida

Association of Equipment Manufacturers

Association of Global Automakers, Inc.

Association of Home Appliance Manufacturers


Association of Washington Business

Brick Industry Association

Buckeye Valley Chamber of Commerce - AZ

Building Owners and Managers Association (BOMA) International

Business Roundtable

Business Council of NY State, Inc.

California Manufacturers & Technology Association

Chattanooga Regional Manufacturers Association

Club Managers Association of America

Colorado Association of Commerce & Industry

Concrete Reinforcing Steel Institute

Consumer Specialty Products Association

CTIA – The Wireless Association

Delaware State Chamber of Commerce

Denver Metro Chamber of Commerce - CO

Draper Area Chamber of Commerce - UT

Edison Electric Institute

Employers Group

European-American Business Council

Fairfax County Chamber of Commerce - VA


Fairfield Chamber of Commerce - CT

Farm Equipment Manufacturers Association

Financial Executives International

Financial Services Institute

Food Marketing Institute

Fox Cities Chamber of Commerce & Industry - WI

Georgia Association of Manufacturers

Global Cold Chain Alliance

Greater Raleigh Chamber of Commerce - NC

Greater Shreveport Chamber of Commerce - LA

Idaho Association of Commerce & Industry

Illinois Manufacturers' Association

INDA, Association of the Nonwoven Fabrics Industry

Indiana Manufacturers Association

Industrial Fasteners Institute

International Franchise Association

Iowa Association of Business and Industry

Johnson City/Jonesborough/Washington County TN Chamber of Commerce

Kalispell Chamber of Commerce

Kentucky Association of Manufacturers

Kitchen Cabinet Manufacturers Association

Lynchburg Regional Chamber - VA

Maine State Chamber of Commerce


Manufacture Alabama

Metal Powder Industries Federation

Metal Treating Institute

Metals Service Center Institute

Michigan Chamber of Commerce

Missouri Association of Manufacturers

Mobile Area Chamber of Commerce - AL

Montana Chamber of Commerce

Motor & Equipment Manufacturers Association

NADCA - GA

NADCA - IL

National Association of Chemical Distributors

National Association of Manufacturers

National Automatic Merchandising Association

National Beer Wholesalers Association (NBWA)

National Council of Chain Restaurants

National Electrical Contractors Association

National Lime Association

National Marine Manufacturers Association

National Retail Federation

National Roofing Contractors Association

National Shooting Sports Foundation


Nebraska Chamber of Commerce & Industry

Nevada Manufacturers Association

Non-Ferrous Founders’ Society

North American Association of Food Equipment Manufacturers

North Carolina Chamber

North Dakota Chamber of Commerce

Northeast PA Manufacturers & Employers Association

NPES - The Association for Suppliers of Printing, Publishing and Converting Technologies

Nuclear Energy Institute

Ohio Society of CPAs

Outdoor Amusement Business Association, Inc.

Outdoor Power Equipment Institute

Pennsylvania Business Council

Pennsylvania Chamber of Business and Industry

Pennsylvania Manufacturers’ Association

Printing Industries of America Inc

Property Casualty Insurers Association of America

ProsperityAlaska.org

Puerto Rico Chamber of Commerce

Rhode Island Manufacturers Association


Rowan County Chamber of Commerce - NC

Salisbury Area Chamber of Commerce - MD

San Antonio Manufacturers Association

Schuylkill Chamber of Commerce - PA

Securities Industry and Financial Markets Association

Small Business & Entrepreneurship Council

Society of Chemical Manufacturers & Affiliates

South Carolina Chamber of Commerce

South Shore Chamber of Commerce - MA

Springfield Area Chamber of Commerce - MO

Steel Manufacturers Association

Strategic HR Partners LLC

Tempe Chamber of Commerce

Tennessee Chamber of Commerce & Industry

Texas Association of Business

The Aluminum Association

The Council of Industry of Southeastern New York

The Council of Insurance Agents & Brokers

The Financial Services Roundtable

The Greater El Paso Chamber of Commerce - TX

The Kansas Chamber

The Longview Chamber of Commerce & CVB - TX


The Ohio Manufacturers’ Association

The Rochester Area Chamber of Commerce - MN

The State Chamber of Oklahoma

Tulsa Metro Chamber - OK

U. S. Oil & Gas Association

U.S. Chamber of Commerce

U.S. Travel Association

United States Telecom Association

Virginia Chamber of Commerce

West Virginia Chamber

West Virginia Manufacturers Association

West Virginia Oil and Gas

White Pine Chamber of Commerce - NV

Wisconsin Grocers Association

Woodworking Machinery Industry Association

cc: Members of the United States Congress

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