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Edison Electric Institute
EEI Statement on the Release of the Tax Reform Bill



November 6, 2017

Edison Electric Institute (EEI) President Tom Kuhn issued the following statement on the tax reform bill released today by House Republican leaders.

"Since tax reform discussions began, EEI has emphasized that there are five provisions that must be addressed. From day one, EEI's tax reform priorities have been to maintain the federal income tax deduction for interest expense, as well as the federal income tax deduction for state and local taxes; provide for the continuation of normalization, including addressing excess deferred taxes resulting from a reduction in the tax rate; and keep dividend tax rates low and on par with capital gains.

"The legislation released today (2/11)  by House Republicans includes these important provisions, which will benefit customers and encourage much-needed investments in critical energy infrastructure. These investments power the nation's economy, create jobs, and deliver America's energy future.

"The single most important action lawmakers can do to grow our economy and to create jobs is to pass comprehensive tax reform this year. We appreciate and support the continued commitment of congressional leaders and the Administration to get comprehensive tax reform over the finish line."

EEI is the association that represents all U.S. investor-owned electric companies. Our members provide electricity for 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.


 

For more information:

Organization:
Edison Electric Institute (EEI)

Address:
701 Pennsylvania Ave NW
Washington, District of Columbia
United States, 20004-2696
www.eei.org
Tel: 202-508-5000


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