Washington,
D.C.
— TechNet, the national, bipartisan network of innovation
economy CEOs and senior executives, today urged the U.S. Senate to pass its tax
reform legislation.

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

“We appreciate the determination
Chairman Hatch and his colleagues on the Senate Finance Committee have shown to
enact tax reform legislation this year and their willingness to listen to the
community of job creators engaged in making sure we seize the opportunity to
modernize the tax code in a way that supports innovation and investment in the
United States.

“We urge the Senate to pass its tax
reform bill and move forward to a conference committee where any outstanding
concerns can be worked out. The Senate bill lowers the corporate tax
rate, transitions to a true territorial tax system, allows companies to
reinvest their overseas profits here at home at fair rates, preserves the
R&D tax credit, and leaves in place the ability of startups to compete for
talent by being able to offer more ownership opportunities to their workers.

“At the end of the day, the goal of tax
reform should be to maximize economic growth, job opportunities, and prosperity
for the American people. Let’s continue to move forward by passing the
bill out of the Senate.”