Cummins Supports Tax Reform Efforts that will lead to Increased Competitiveness and Job Growth
Today, Cummins Inc. (NYSE:CMI) Chairman and CEO Tom Linebargerissued 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 I urge Congress to move swiftly to reform the current outdated system.”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 leader, is a corporation of complementary business units that design, manufacture, distribute and service diesel and natural gas engines and related technologies, including fuel systems, controls, air handling, filtration, emissions solutions and electrical power generation systems. Headquartered in Columbus, Indiana (USA), Cummins currently employs approximately 55,400 people worldwide and serves customers in approximately 190 countries and territories through a network of approximately 600 company-owned and independent distributor locations and more than 7,400 dealer locations. Cummins earned $1.39 billion on sales of $17.5 billion in 2016.