Koch Industries applauds passage of Senate tax bill, warns against excise tax

December 2, 2017

min read

Philip Ellender, president of government and public affairs for Koch Companies Public Sector, LLC, issued the following statement congratulating the Senate for passing comprehensive tax reform legislation while discouraging lawmakers from pursuing an excise tax during the upcoming reconciliation process:

“With the Senate passing legislation to reform the nation’s tax code and spur economic growth, Congress is one significant step closer to lowering rates for businesses big and small, and creating a simpler system for all. We congratulate Senate Republicans for their hard work.

“As the bill moves toward reconciliation and then ultimately the president’s desk, we urge conference committee members to omit any excise tax, such as the 20 percent tax included in the House’s reform bill. Koch believes an excise provision is nothing more than a backdoor consumer tax that will make everyday essentials more expensive for every American, regardless of income.

“We are committed to working with policymakers and supporting legislation that will lower rates for all as much as possible, while eliminating market-distorting policies and subsidies. However, we will remain adamantly opposed to any proposal that contains an excise tax.”