The following statement is attributed to Gary Shapiro, president and CEO, Consumer Technology Association (CTA), regarding the Unified Tax Reform Framework:

“The outline released today lays out types of proposals that will help accelerate America’s innovation engine, creating jobs and boosting our competitiveness. This framework calls for critical measures such as lowering tax rates and encouraging U.S.-based companies to return trillions of dollars in profits from overseas, boosting critical investment here at home and encouraging the growth of companies large and small.

“The tech industry supports 15 million U.S. jobs –the Unified Tax Reform Framework will help create even more good-paying jobs here at home. We look forward to seeing the legislative text as the proposal develops and working with administration and Congress to advance corporate tax reform to spur innovation and investment, and create U.S. jobs.”

According to CTA's U.S. Economic Contribution of the Consumer Technology Sector report, in 2015 the technology industry accounted for 8.4 percent of total employment, generated $413 billion in taxes and created $3.5 trillion in total economic output.