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- PCI Statement on House Tax Reform Proposal
WASHINGTON — Nat Wienecke, senior vice president of federal government relations at the Property Casualty Insurers Association of America (PCI) issued the following statement commending the release of the House tax reform proposal.
“We applaud Chairman Brady and his staff for their hard work on this historic legislation. Fundamental tax reform, including the reduction in the corporate tax rate, is a high priority because it will help the property casualty industry be more competitive, which will ultimately benefit American consumers. The property casualty industry particularly appreciates that the legislation takes into account the industry’s unique regulatory and business model. Comprehensive tax reform is essential to improving economic growth and creating more jobs. The Committee has made several improvements to the draft legislation and we hope to work with them to further improve the legislation and provide our strong support for its final passage.”
- PCI promotes and protects the viability of a competitive private insurance market for the benefit of consumers and insurers. PCI is composed of nearly 1,000 member companies, representing the broadest cross section of insurers of any national trade association. PCI members write $216 billion in annual premium, 36 percent of the nation's property casualty insurance. Member companies write 43 percent of the U.S. automobile insurance market, 29 percent of the homeowners market, 34 percent of the commercial property and liability market and 36 percent of the private workers compensation market.
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