A Missed Opportunity

The Economic Cost of Delaying Pro-Growth Tax Reform

The cost of inaction on pro-growth tax reform is too high—doing nothing slows growth and costs jobs.  Policymakers have the power to change this course by enacting five key strategies over 10 years that would: 

  • Contribute more than $12 trillion in GDP
  • Increase investment by more than $3.3 trillion
  • Add more than 6.5 million jobs to the U.S. economy

Political gridlock imposes a cost on all businesses and leads to economic uncertainty. Worse yet, many important business tax provisions are temporary and require regular Congressional renewal, which often leads to delays and retroactive extensions. At the same time, the U.S. business tax system has become increasingly out of sync with tax regimes in virtually all other developed economies. 

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