Matthew Haller, 202-662-0770
Jenna Weisbord, 202-662-0766
WASHINGTON, Feb. 26—International Franchise Association President & CEO Steve Caldeira released the statement below following today’s announcement of a “Tax Reform Discussion Draft” by House Ways & Means Committee Chairman Dave Camp (R-MI).
“Chairman Camp’s draft proposal is a very positive and welcome step toward achieving IFA’s goal of revenue-neutral, comprehensive tax reform. Aimed at creating a fairer and simpler tax code for America’s 825,000 Main Street franchise small business owners, Chairman Camp’s proposal would spur greater job creation and higher wages for small business owners by reducing the burden the current tax code imposes on franchise businesses.
“We appreciate and applaud Chairman Camp and his staff for their hard work on the draft proposal which addresses both corporate and individual tax rates, giving franchise businesses added confidence to expand and hire workers in the short-term, while also setting us on a path toward higher long-term growth.”
About the International Franchise Association
The International Franchise Association is the world's oldest and largest organization representing franchising worldwide. Celebrating over 50 years of excellence, education and advocacy, IFA works through its government relations and public policy, media relations and educational programs to protect, enhance and promote franchising. Through its media awareness campaign highlighting the theme, Franchising: Building Local Businesses, One Opportunity at a Time, IFA promotes the economic impact of the more than 825,000 franchise establishments, which support nearly 18 million jobs and $2.1 trillion of economic output for the U.S. economy. IFA members include franchise companies in over 300 different business format categories, individual franchisees and companies that support the industry in marketing, law and business development.