2014 Annual Report
Growth Opportunities During an Era of Divided Government
A historic election and a last-minute bipartisan save from a government shutdown closed out 2014 and set the stage for a new era of a split government—a Democratic White House and Republican Congress.
While many might predict that this split will foster continued gridlock, a look back through history shows that some of the nation’s greatest policy accomplishments were forged between political opposites like President Clinton and Speaker Gingrich or President Reagan and Speaker O’Neill. Let’s be realistic but also optimistic that there will be opportunities to get things done of import to our economy.
Policies to promote capital formation are needed today more than ever before and lawmakers can rise to the challenge if they set partisanship aside and concentrate on pro-growth solutions to meet our nation’s challenges.
Tax reform presents the greatest opportunity as all of the major political players have publicly expressed willingness to find common ground and transform our archaic, broken tax code into one that promotes critical savings and investment that will help revive our economy, grow jobs, and increase our global competitiveness. But it has always required bipartisanship, which may be difficult with the 2016 election already underway.
The energy sector also remains a bright spot in our economy. The boom in oil and gas production and in refined product exports has strengthened U.S. GDP and job growth. Allowing the exports of our robust supply of natural gas and crude oil will benefit capital formation and job growth. Moreover, the United States needs to take a leadership role in the open trade of energy and other strategic resources, given the growing trend of countries placing constraints on those resources for domestic gain.
Income inequality remains a political reality that could have serious ramifications for all aspects of U.S. economic policy. The ACCF will continue advocacy for pro-growth tax and economic policies to allow free markets to allocate resources, guide investment decisions and increase living standards for all with a safety net for those Americans truly in need.
We offer our 2014 annual report as a chronicle of the unique niche the ACCF occupies in helping shape U.S. economic policy to create a higher standard of living, growth and competitiveness in the global economy.
With three decades of recognized leadership and influence in U.S. economic policy, the ACCF interacts on a daily basis with policymakers, the media and interest groups on issues of importance to the business community and the U.S. economy. We are uniquely able to play this role because of our bipartisan credibility with Members of Congress, from Tea Party Republicans to Progressive Democrats and the White House. Our highly respected research and analysis is impactful on legislative and regulatory initiatives, and we have earned respect in the media with editorialists, pundits, columnists and beat reporters.
The ACCF is committed to its three-decade mission; pro-growth tax, energy, environment, trade and economic policies are the key to our economic prosperity. With your support, we will continue to be at the forefront to tackle our country’s economic challenges.
President and Chief Executive Officer
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