The ESOP Association Submits Comments to House Ways and Means Committee on Tax Reform

WASHINGTON, Jan. 21, 2011 /PRNewswire-USNewswire/ -- On January 20, 2011, The ESOP Association submitted comments to the House Ways and Means Committee which held its first hearing on tax reform.  The purpose of the hearing was to examine the Federal income tax code, understand the corporate tax structure, and look at ways to bring the tax code in line with other nations.

"The ESOP Association submitted comments to the Ways and Means Committee to emphasize that the ESOP community appreciates the need for comprehensive tax reform and that the Committee should model its work after the process that led to the 1986 Tax Reform law," stated Association President, J. Michael Keeling.  He also noted that the process that led to the 1986 law was a near four year, deliberative, transparent process permitting all interests to have voice.

A copy of the comments can be found on the Association's website at http://www.esopassociation.org.

The ESOP Association is the national trade association for companies with employee stock ownership plans (ESOPs) and the leading voice in America for employee ownership.  The core cause of The ESOP Association is the belief that employee ownership will improve American competitiveness, increase productivity through greater employee participation, and strengthen our free enterprise economy.

SOURCE The ESOP Association