December 18, 2017
Fast Facts
Bringing Business Up to Speed
Federal Issues

Federal tax bill 'on the one-yard line' after wavering senators pledge support

Two key senators pledged their support late last week for the final drafts of a federal tax bill that merges the measures passed earlier this fall by the U.S. House and Senate. The $1.5 trillion federal tax overhaul, the first in more than 30 years, lowers tax rates significantly for employers, including a drop of the corporate tax rate to 21 percent from the high of 35 percent today. The bill will reduce tax bills for most taxpayers. Supporters say the move will boost the economy enough to overcome its trillion-dollar increase to the federal deficit.

Wavering Republican senators Marco Rubio of Florida and Bob Corker of Tennessee pledged their support for the bill on Friday, which put GOP leaders "on the one-yard line in the final seconds of the tax bill debate," The New York Times reports.

The president has called for the bill to be on his desk for a signature by Christmas.

Contact Amy Anderson, AWB government affairs director for federal issues, to learn more.

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International Growth Zone

Northwest Startup Supporters Grow U.S.-Canada Economic Ties

By Benjamin Romano, editor, Xconomy Seattle

There's a new network organizing the incubators, accelerators, and investors fostering innovation in the Pacific Northwest on both sides of the U.S. - Canada border.

Business collaboration across the 49th parallel is having a moment, thanks in no small part to a dramatic divergence in immigration policies between the two countries this year that have prompted U.S. tech companies to establish or grow their presence in Canada to access talent from around the world.

The Cascadia Venture Acceleration Network (CVAN) is focused on collaboration at the grass-roots level of the innovation economy -- specifically the cleantech, life sciences, and IT industries -- in the broad area known as Cascadia, encompassing Washington, Oregon, and British Columbia, Canada.

Read the full column in Xconomy Seattle
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