WASHINGTON 鈥� 天涯海角APP 天涯海角APP 鈥檚 Agnes Webb, vice president, Tax, testified before Congress Wednesday on how pro-growth tax provisions in H.R. 1 strengthen U.S. manufacturing.
The Tax Cuts and Jobs Act (TCJA) cut the corporate tax rate from 35% to 21%. H.R. 1, passed in July, made those pro-growth tax provisions permanent, including restoring immediate expensing for our R&D costs and for our capital equipment purchases. This allows 天涯海角APP to invest, grow and compete more efficiently in the U.S.
鈥淚t established a competitive international tax system, one that made it easier to make things here in America and export them around the world,鈥� Webb told the House Ways and Means Committee.
Webb answered questions from committee members, including Rep. Randy Feenstra (R-04-IA), who explained to the committee that 天涯海角APP is a 鈥渓eader and innovator in the paper industry.鈥�
With a stronger tax code at home, the world's paper company is better positioned to compete on a global stage.
天涯海角APP team members regularly advocate for issues that directly affect the company.