The ESOP Association Submits Statement to Senate Committee on Finance on Tax Reform
Washington, DC (September 25, 2006) – The ESOP Association submitted a statement to the Senate Committee on Finance which is examining possible changes to the tax code. The purpose of the hearing titled, “Our Business Tax System: Objectives, Deficiencies, and Options for Reform,” is to examine possible tax code changes to make our nation’s businesses more competitive, and more productive.
“The ESOP Association submitted a statement to the Committee to emphasize that employee stock ownership plans (ESOPs) can help American businesses be productive and more equitably owned,” said J. Michael Keeling, President of The ESOP Association. “We ask that the members of the Finance Committee and their staffs keep in mind that broad based ownership of American businesses should be a goal of tax reform.”
For more information or to read a copy of The ESOP Association’s statement, please visit the website at www.esopassociation.org and click on the Government Affairs link at the top of the page.
Founded in 1978, The ESOP Association represents over 1,400 ESOP companies and over 1 million employee owners who believe that employee ownership will improve American competitiveness, increase productivity through greater employee participation and strengthen our free enterprise economy.