“The clear takeaway from last night’s election is that American voters – particularly those in MI, NC, OH, PA, and WI – want more good-paying manufacturing jobs. Foreign direct investment supports millions of these good paying jobs, and as president-elect Trump and leaders in Congress begin to make America more competitive, the inbound business community looks forward to supporting their efforts. Global investment provides the types of jobs that Americans need, and making the United States globally competitive must be our top priority.”
McLernon: Congress Leads the Way in ‘Protecting US Workers,’ Comments from congressional leaders a positive step toward stopping harmful Treasury proposals
WASHINGTON – Nancy McLernon, president and CEO of the Organization for International Investment (OFII), issued the following statement in support of Chairman Hatch, Chairman Brady and Rep. Boustany and members of the Ways and Means Committee for their recent comments regarding the Treasury Department’s debt/equity proposals:
WASHINGTON – Business Roundtable and the Organization for International Investment (OFII) today released a study, prepared by PwC, providing a quantitative analysis of how the U.S. Treasury Department’s proposed debt/equity regulations would affect U.S. economic competitiveness.
WASHINGTON – Nancy McLernon, president and CEO of the Organization for International Investment (OFII), issued the following statement coinciding with the release of a letter signed by more than 75 business associations to congressional leaders expressing concern over Treasury’s new regulations on interest deductibility:
“Treasury’s actions have far-reaching consequences for the U.S. economy, including for the six million Americans who earn a living from foreign direct investment,” said Nancy McLernon, president and CEO of the Organization for International Investment. “These new rules stretch beyond their stated purpose and undermine the Administration’s goal of attracting more global investment into the United States.