Cummins Supports Tax Reform Efforts that will lead to Increased Competitiveness and Job Growth
Today, Cummins Inc. (NYSE:CMI) Chairman and CEO Tom Linebarger issued the following statement regarding the release of the unified Tax Reform Framework:
“Comprehensive tax reform is critical and urgent. It will drive growth in our company and other U.S. companies, big and small, allowing us to add new jobs and strengthen our communities. I am encouraged by the Big Six proposal released today, which contains important elements including a lower corporate tax rate and moving to a territorial tax system, both of which will make us more competitive globally. I urge Congress to move swiftly to reform the current outdated system.”
Today, Cummins Inc. (NYSE:CMI) Chairman and CEO Tom Linebarger issued the following statement regarding the release of the unified Tax Reform Framework:
“Comprehensive tax reform is critical and urgent. It will drive growth in our company and other U.S. companies, big and small, allowing us to add new jobs and strengthen our communities. I am encouraged by the Big Six proposal released today, which contains important elements including a lower corporate tax rate and moving to a territorial tax system, both of which will make us more competitive globally. I urge Congress to move swiftly to reform the current outdated system.”
Cummins Inc., a global power solutions leader, comprises five business segments – Components, Engine, Distribution, Power Systems and Accelera by Cummins – supported by our global manufacturing and extensive service and support network, skilled workforce and vast technological expertise. Cummins is committed to its Destination Zero strategy, which is grounded in the company’s commitment to sustainability and helping its customers successfully navigate the energy transition with its broad portfolio of products. The products range from advanced diesel, natural gas, electric and hybrid powertrains and powertrain-related components including filtration, aftertreatment, turbochargers, fuel systems, valvetrain technologies, controls systems, air handling systems, automated transmissions, axles, drivelines, brakes, suspension systems, electric power generation systems, batteries, electrified power systems, hydrogen production technologies and fuel cell products. Headquartered in Columbus, Indiana (U.S.), since its founding in 1919, Cummins employs approximately 75,500 people committed to powering a more prosperous world through three global corporate responsibility priorities critical to healthy communities: education, environment and equality of opportunity. Cummins serves its customers online, through a network of company-owned and independent distributor locations, and through thousands of dealer locations worldwide and earned about $735 million on sales of $34.1 billion in 2023.
