American Action Network Releases $250,000 Digital Ad Campaign to Advance Tax Reform
– Second ad in series promoting tax reform, campaign has received over 4 million views
– Targeting 28 congressional districts nationwide
WASHINGTON – The American Action Network (@AAN) today released a new $250,000 digital ad campaign as part of its multi-million-dollar effort to advance tax reform in Congress. This is the second ad in a series featuring American Action Forum President and Economist Douglas Holtz-Eakin discussing the need for corporation income tax reform to help grow the U.S. economy and raise the American standard of living. The ads will run in 28 congressional districts nationwide. View the full list of targeted districts here.
“A fair and simple tax code means more jobs, higher wages, and less overbearing government regulation,” said Corry Bliss, AAN Executive Director. “With the highest corporate tax rate in all the industrialized world, American job creators struggle to compete and families continue to see stagnant paychecks. It’s time to lower rates to help incentivize investments here at home and raise our standard of living – President Trump and conservatives in Congress have a plan that will do just that.”
Over the next two weeks, the ad will run on various online platforms including Google, Facebook, and YouTube. The first ad in the series launched earlier this month and received over 4 million views online.
View the ad here
HOLTZ-EAKIN: I’m Doug Holtz-Eakin, President of American Action Forum.
You often hear that corporations need tax reform, but why?
Growth is the biggest problem facing the United States.
Our anemic rate of economic growth is depressing wages and harming the standard of living.
The corporation income tax has been shown to be the single most anti-growth tax.
And the U.S. tax has the highest rate, 35 percent, in all the industrialized world, and clings to a 1950s style worldwide system, where when our firms sell something abroad, they pay a tax in that country, and then the U.S. tax.
The rest of our competitors don’t pay two taxes, they pay just one.
What’s the result?
We don’t get much investment in the United States.
We get trillions of dollars of earnings parked outside the U.S., unable to help our economy, and our headquarters are fleeing the continental U.S.
We need a new tax code with a permanently low rate, incentives to plow those earnings into the U.S. economy, and investment incentives to raise wages, productivity, and the standard of living.
It’s time for corporation income tax reform.
ABOUT DOUGLAS HOLTZ-EAKIN
Douglas Holtz-Eakin has a distinguished record as an academic, policy adviser, and strategist. Currently he is the President of the American Action Forum and recently was a Commissioner on the Congressionally-chartered Financial Crisis Inquiry Commission. Since 2001, he has served in a variety of important policy positions. During 2001-2002, he was the Chief Economist of the President’s Council of Economic Advisers (CEA). At CEA he helped to formulate policies addressing the 2000-2001 recession and the aftermath of the terrorist attacks of September 11, 2001. From 2003-2005 he was the 6th Director of the non-partisan Congressional Budget Office (CBO), which provides budgetary and policy analysis to the U.S. Congress. During 2007 and 2008 he was the Director of Domestic and Economic Policy for the John McCain presidential campaign. Dr. Holtz-Eakin built an international reputation as a scholar doing research in areas of applied economic policy, econometric methods, and entrepreneurship.