EEI Statement on the Release of the Tax Reform Framework

WASHINGTON, Sept. 27, 2017 /PRNewswire-USNewswire/ -- Edison Electric Institute President Tom Kuhn today issued the following statement on the release of the tax reform framework by President Trump and Republican congressional leaders.

"We applaud President Trump and Republican congressional leaders for releasing today's tax reform framework. EEI's member companies strongly support tax reform because we believe that a simpler tax code, broader tax base, and lower tax rates will grow the economy and increase the competitiveness of the United States, support job creation in America, and benefit our customers.

"We appreciate the continued commitment of congressional leaders and the Administration to get comprehensive tax reform over the finish line. The electric power industry is ready to work with Congress and with the Administration in the coming weeks to advance tax reform solutions that will benefit all customers and encourage important investment in critical energy infrastructure by helping to keep the cost of capital as low as possible.

"The single most important action lawmakers can do to grow our economy and to create jobs is to pass comprehensive tax reform this year. In order for Congress to move forward with this debate, a critical first step is to pass a fiscal year 2018 budget resolution, which contains the necessary mechanisms to make tax reform a reality. I urge lawmakers not to delay action any further."

The Edison Electric Institute (EEI) is the association that represents all U.S. investor-owned electric companies. Our members provide electricity for about 220 million Americans, and operate in all 50 states and the District of Columbia. As a whole, the electric power industry supports more than 7 million jobs in communities across the United States. In addition to our U.S. members, EEI has more than 60 international electric companies, with operations in more than 90 countries, as International Members, and hundreds of industry suppliers and related organizations as Associate Members. Organized in 1933, EEI provides public policy leadership, strategic business intelligence, and essential conferences and forums.

SOURCE Edison Electric Institute

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