“We applaud the Senate Finance Committee’s effort to approve a comprehensive tax reform bill that will make our tax system fairer and more competitive. Importantly, we welcome the Committee’s proposal to permanently lower the corporate tax rate to 20 percent, in addition to improvements made to the expensing language, the retention of the advertising deduction, and a “thin cap” approach to interest deductibility. For decades, the cable industry has been creating jobs in communities all over America by investing hundreds of billions of dollars to build robust broadband networks and create the best TV content in the world. We will continue to work with Congress and the Administration to take the best of the House and Senate bills and pass comprehensive tax reform that will encourage even more investment, innovation and economic expansion.”
