TechNet: House Passage of 2018 Budget Resolution “Paves the Way” for Tax Reform

Washington, D.C. —
TechNet, the national, bipartisan network of innovation economy CEOs and senior
executives, today welcomed House passage of a $4.1 trillion budget resolution
for fiscal year 2018 as another important step to eventually pass tax reform
legislation later this year.

The Senate Budget Committee also approved
a separate budget resolution today, containing reconciliation instructions that
will allow the Senate to pass tax reform legislation with a simple majority. The full Senate is expected to consider the
proposal this month, and a conference committee between the House and Senate will
follow to reconcile differences between the two budgets.

The following statement can be
attributed to Linda Moore, President and CEO of TechNet:

“House passage of a 2018 budget resolution is another key
step that paves the way for tax reform.
This is an important milestone in the legislative process, and we
commend Chairman Diane Black, Chairman Kevin Brady, and other House leaders for
staying focused on getting this done.

“Now
it’s up to the Senate to keep the momentum going. Once a final budget is approved, it will
allow Congress to move ahead with a pro-growth tax reform package that aligns
with the framework released last week, and can win majorities in both the House
and Senate.

“Passing
meaningful tax reform is critical to our nation. It will jumpstart our economy, usher in a
wave of innovation and investment, and make us more competitive on the global
stage. TechNet will continue to work with the White House and Members of
Congress on both sides of the aisle to see that meaningful tax reform
legislation is developed, approved, and signed into law.”

Last week,
the San Francisco Chronicle published
an op-ed by Linda Moore on the need to enact meaningful tax reform.