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We believe strongly in the need for tax cuts for both working families and the companies they work for.

• The booming economy has filled federal coffers beyond expectations and yielded the first federal budget surplus in a generation. Even after setting aside enough money to save Social Security and Medicare, there’s still more than $800 billion left for tax cuts over the next decade.
• Pro-growth tax cuts for companies and their workers will help ensure that future surpluses become a reality because tax cuts generate economic growth and growth generates more money for the federal coffers. Without the "growth insurance" of tax cuts, the surplus itself could be in jeopardy.
• Tax cuts for workers translate into more money to save, invest or spend. Tax cuts for business help foster technology development, increased productivity and growth.
• If the surplus isn’t returned to taxpayers in tax cuts, it will likely go towards increased government spending. The longer the surplus sits in Washington, the harder it will be to return it to the workers who earned it.

• The R&D Tax Credit: The contribution of research and development to economic growth is critical. Increased productivity, new product development and process improvements are the direct results of R&D investments and the tax credit is a key factor in promoting research spending by manufacturers in a fiercely competitive marketplace.
• Estate Tax Relief: The phased-in repeal of the onerous death tax will dramatically reduce the time, money and energy spent by business owners on estate planning, and save many companies that today must be sold for purely tax reasons upon the death of their founders.
• Corporate AMT: Relief from and eventual repeal of the onerous corporate alternative minimum tax is essential for ensuring sustained economic growth in the United States.
• International Tax Relief: The package of international tax provisions will provide an effective economic stimulus by reducing compliance burdens and helping to level the playing field between U.S.-based multinational companies and their foreign competitors.
• Corporate Capital Gains: Lowering the capital gains tax rate reduces the cost of capital and promotes U.S. economic growth and job creation. Congress took the first step in 1997 by providing relief for individuals, now is the time to extend lower rates to corporations.