International Automakers Remain Concerned with House Base Erosion Language

WASHINGTON, DC, Nov. 16, 2017 -- “International automakers continue to support comprehensive tax reform that promotes growth and jobs in America. While today is an important step forward, we are concerned that provisions designed to address base erosion create a new burden on payments made to support American jobs and auto production. We are committed to working with the House and Senate to ensure pro-growth tax reform becomes a reality.”

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Here For America tells the story of international automakers and dealers, their ever-growing impact on the U.S. economy, and the benefits they provide to local communities. The contributions of international automakers and dealers are integral to the success of today's U.S. auto industry, directly employing 1.29 million Americans in the auto industry and an additional 7 million indirect workers. Here for America is an initiative of the Association of Global Automakers to increase public education about the importance of international automakers to American job creation, economic growth, technological innovation and strong communities. Visit www.hereforamerica.com and follow Here For America on Twitter and Facebook.

Attachments:

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/9d62e23a-3ee8-4e53-b0a2-dffbd3b3e194

Lauren Boland
Association for Global Automakers
202-450-5546
[email protected]