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Joint Insurance Trade Statement on Federal Tax Reform Framework

Contact: Marguerite Seidel
(202) 828-7196

WASHINGTON, D.C. SEPT. 28, 2017 -- The American Insurance Association, along with the National Association of Mutual Insurance Companies (NAMIC), the Property Casualty Insurers Association of America (PCI), and the Reinsurance Association of America (RAA), issued the following joint statement today commending the release of the federal tax reform framework entitled “Unified Framework for Fixing our Broken Tax Code,” which sets the stage for the tax-writing committees to develop legislation:

“The P&C industry is pleased to see the Framework’s plan for reducing the corporate tax rate to 20 percent and eliminating the Alternative Minimum Tax. The Framework takes positive steps to address other business taxes in an effort to increase simplicity, efficiency, transparency, compliance, and global competitiveness.

“We look forward to working with the House Ways and Means and Senate Finance Committees as this process moves forward to ensure that the unique needs of our industry and, most importantly, our policyholders are addressed and protected.

“We recognize the importance of tax reform to ensuring the growth and competitiveness of the U.S. economy.” 

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The American Insurance Association (AIA) is the trade association for today’s leaders in the property-casualty insurance industry.  Our members work each day to protect the American Dream, whether that’s a house, car, business or otherwise.  Now more than 150 years old, AIA has an unparalleled record of advocating on state, federal and international issues for insurers and their customers.

Our membership is comprised of more than 320 companies, collectively writing more than $125 billion in premiums each year.

We have the experience of a veteran organization coupled with the innovative ideas that drive our industry forward. AIA is leading the insurance industry into the second half of the 21st Century… today.


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Media Contacts

Maggie Seidel
VICE PRESIDENT, PUBLIC AFFAIRS
(202) 828-7196
mseidel@aiadc.org

Rachel Wallen
PUBLIC AFFAIRS MANAGER
(202) 828-7149
rwallen@aiadc.org

 

AIA MEDIA

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