FOR IMMEDIATE RELEASE
Contact:
Jenna Weisbord, 202-662-0766
jweisbord@franchise.org
@franchising411
IFA Applauds House Progress on Tax Reform
(Washington, D.C.) [November 16, 2017] – The International Franchise Association (IFA), the largest advocate for small and franchise businesses, issued the following statement on behalf of President and CEO Robert Cresanti in response to the U.S. House of Representatives passage of the Tax Cuts and Jobs Act:
“IFA is encouraged by the House and Senate’s commitment to enacting meaningful tax reform. The extremely burdensome tax code is a leading reason that franchise owners struggle to create jobs and expand.
“The franchise model is the true small business backbone of the U.S. economy. Franchise businesses have created jobs at twice the rate of non-franchise businesses for over 15 years. They give families and communities stability and are a fundamental part of the U.S. economy. Any tax reform should protect this integral industry and we are hopeful the details of any final tax bill will do just that.
“We will continue to work with Congress and the Administration towards legislation that provides franchises relief, because the surest way to create substantial economic growth, job creation, and higher wages for America’s middle class is to allow franchises to thrive.”
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About the International Franchise Association
Celebrating 56 years of excellence, education and advocacy, the International Franchise Association is the world’s oldest and largest organization representing franchising worldwide. IFA works through its government relations and public policy, media relations and educational programs to protect, enhance and promote franchising and the more than 733,000 franchise establishments that support nearly 7.6 million direct jobs, $674.3 billion of economic output for the U.S. economy and 2.5 percent of the Gross Domestic Product (GDP). IFA members include franchise companies in over 300 different business format categories, individual franchisees and companies that support the industry in marketing, law, technology and business development.