LOS ANGELES The Metals Service Center Institute (MSCI) has joined the Coalition for Fair Effective Tax Rates, a new group pushing for comprehensive federal tax reform.
Rolling Meadows, Ill.-based MSCI said the coalition includes more than 100 organizations representing 500,000 businesses, among them the National Federation of Independent Business.
Among the coalitions goals are a broadening of the tax base "while lowering tax rates for corporations, pass-through businesses and individuals," according to MSCI. It said the coalition wont take positions on individual tax deductions or credits proposed for elimination.
"Reducing the complexity of the tax code by eliminating some deductions and credits will allow lawmakers to reduce individual and corporate income tax rates," MSCI president and chief executive officer Robert Weidner said.
Weidner emphasized that since MSCI represents businesses that pay income taxes through the corporate and individual rate systems, tax reform "must be comprehensivelowering the corporate tax rate and rates for the small businesses or pass-through entities that pay through the individual system."