Statement of NCTA – The Internet & Television Association Regarding House Ways & Means Vote on Tax Reform Bill

“Today, the House Ways & Means Committee voted out of committee a comprehensive tax reform bill that is a welcome first step in making our tax system fairer and more competitive. We commend the Committee on their proposal to lower the corporate tax rate to 20 percent, as well as the proposed changes to interest deduction using the thin cap method, and the retention of the advertising deduction, all of which are crucial to our industry. The cable industry supports 2.9 million workers across America and has invested more than $400 billion in high-speed broadband networks and groundbreaking TV content, and we look forward to working with Congress and the Administration to pass comprehensive tax reform that will enable us and other industries to keep investing in and growing our economy.”