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CBA Statement on Senate Finance Passage of Tax Reform Proposal
WASHINGTON, D.C. – Consumer Bankers Association President and CEO Richard Hunt released the following statement after the U.S. Senate Committee on Finance passed its version of the Tax Cuts and Jobs Act:
“Helping American families and enabling businesses to drive our economic growth should be top priorities for any tax reform proposal. Provisions in the Senate Finance Committee’s legislation achieve this important goal. As the bill heads to the full Senate for consideration, CBA will continue advocating for policies which allow banks to better serve their customers,” said CBA President and CEO Richard Hunt.
“We would like to thank Finance Committee Chairman Orrin Hatch and Majority Leader Mitch McConnell for their leadership and commitment to pro-growth tax reform, which is a positive step forward for consumers, small-businesses and our economy.”
About the Consumer Bankers Association
The Consumer Bankers Association represents America’s retail banks above $10 billion in assets. We advance legislation and promote policies geared toward creating a stronger industry and economy. Established in 1919, CBA’s corporate member institutions account for 1.6 million jobs in America, extend roughly $3 trillion in consumer loans, and provide $270 billion in small business loans. Follow us on Twitter @consumerbankers.