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.
Ill.-based MSCI said the coalition includes more than 100
organizations representing 500,000 businesses, among them the
National Federation of Independent Business.
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.
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