posts tagged with Congress

Trade Promotion Authority: Essential to our customers, business and country

dc-capitol.png In the coming weeks, the U.S. Congress will have the opportunity to take a step that will significantly advance free trade and our economy –renewing Trade Promotion Authority, or TPA.

For three decades, U.S. presidents have had the authority to negotiate complex trade deals with other nations, and present the results for an up-or-down vote. Congress last passed this trade authorization in 2002 and since then, the US has added trade agreements with 16 countries.

It is critical Congress reauthorize this important legislative tool to ensure the U.S. maintains a credible bargaining position and continues...

Building a Bipartisan Tax Reform Bridge to Economic Growth

washdc-capitol-190-9009_IMG.jpg In the last few remaining months of 2013, Congress is facing a wide range of issues requiring action. Corporate tax reform should be right at the top of the list.

Our woefully outdated U.S. corporate tax code puts American companies at a global competitive disadvantage and is holding back the full potential of the U.S. economy. Done right, revenue-neutral corporate tax reform can reduce distortions in our current tax code and the competitive disadvantages U.S. companies face overseas. And, most importantly a simpler tax code will grow our economy and create jobs.

Important Work for Washington Policymakers, and Giving Back to the Community

united-states-capital-building.jpg.jpeg As we shift out of recess mode and head back to work, Congress is returning to Washington with important matters that FedEx hopes will be addressed to move our economy and our country forward.

We are encouraged by the momentum on Capitol Hill and within the administration on some of these issues, including corporate tax reform, transportation, and free trade agreements.

It is essential Congress act soon to overhaul our cumbersome corporate tax code –the least competitive and most complex in the developed world. We must lower corporate tax rates in order to spur capital investment, productivity, and create jobs. Policymakers of all political stripes agree something must be done to lower corporate taxes, and now is the time.

The State of Our Union – Action Needed

govt master_k12781_blog.jpg In his State of the Union address, President Barack Obama outlined an ambitious agenda to overhaul the U.S. tax code, produce more domestic and alternative energy, rebuild our infrastructure and expand international trade. This endeavor must start with the long overdue task of restructuring the corporate tax code, stuck at 39 percent for far too long (35% federal + 4% state) and putting American companies at a competitive disadvantage versus our economic peers.

How to Renew America’s Economy

fws-blog-march-2012.jpg This country – and much of the world economy – is in a backwards slide that must be reversed. Many leaders in corporate America today, including me, have ideas on the biggest challenges we face and the best solutions. I shared my own views on this recently with the National Association for Business Economics in Washington, D.C., of which our Chief Economist Gene Huang is president.

To revitalize our economy and build opportunity for current and future generations, we must:
• Reduce our reliance on imported petroleum;
• Combat overregulation; and
• Revitalize business through tax reform, education and training.