Semiconductor Industry Association Supports House Tax Reform Blueprint
Tuesday, Mar 14, 2017, 1:34pm
by Semiconductor Industry Association
WASHINGTON—Mar. 14, 2017—The Semiconductor Industry Association (SIA), representing U.S. leadership in semiconductor manufacturing, design, and research, today announced its support for the House “Better Way” corporate tax reform proposal as an appropriate starting point for reform. The proposal is expected to be considered by Congress this year.
“The “Better Way” corporate tax reform blueprint would make America’s corporate tax system more competitive and allow U.S. semiconductor companies to grow, innovate, and create more jobs here in the United States,” said John Neuffer, president and CEO, Semiconductor Industry Association. “While there are many details of significance to our industry that need to be understood and addressed, we support the proposal as a framework for moving forward with tax reform.
“We recognize the debate is just getting underway. SIA intends to work closely with Congress and the Administration to pass corporate tax reform to improve the competitiveness of the United States as a location for semiconductor research, design, manufacturing, and export.”
The Semiconductor Industry Association (SIA) is the voice of the U.S. semiconductor industry, one of America’s top export industries and a key driver of America’s economic strength, national security, and global competitiveness. Semiconductors – microchips that control all modern electronics – enable the systems and products we use to work, communicate, travel, entertain, harness energy, treat illness, and make new scientific discoveries. The semiconductor industry directly employs nearly a quarter of a million people in the U.S. In 2016, U.S. semiconductor company sales totaled $164 billion, and semiconductors make the global trillion dollar electronics industry possible. SIA seeks to strengthen U.S. leadership of semiconductor manufacturing, design, and research by working with Congress, the Administration and other key industry stakeholders to encourage policies and regulations that fuel innovation, propel business and drive international competition. Learn more at www.semiconductors.org.