Dave Camp: “The U.S. Chamber of Commerce is the world's largest business federation, representing more than 3 million business…”

“The U.S. Chamber of Commerce is the world's largest business federation, representing more than 3 million business organizations of every size. They strongly oppose this legislation because they say it would place "draconian tax increases on American worldwide companies that would hinder job creation, decrease the competitiveness of American businesses, and deter economic growth" and the jobs that come from that. Likewise, the National Association of Manufacturers, the Nation's largest industrial trade association representing small and large manufacturers in every industrial sector in all 50 States, they also oppose this legislation. "An estimated 22 million workers in the United States, more than 19 percent of the private sector workforce and 53 percent of all manufacturing employees, are employed by companies with operations overseas." They oppose these tax increases because, again, it will "jeopardize the jobs of American manufacturing employees and stifle our fragile economy." Likewise, the Business Roundtable, which, again, is an association that represents more than 12 million employees, has also sent a letter opposing this legislation because they say that this legislation will, again, only make matters worse, make it more difficult for U.S.…”