Big "I" Statement on Passage of House Tax Plan
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Katie Butler
703-706-5428
BIG “I” STATEMENT ON PASSAGE OF HOUSE TAX PLAN
WASHINGTON, D.C., November 16, 2017—The Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) released the following statement by Bob Rusbuldt, Big “I” president & CEO:
“The Big ‘I’ appreciates the U.S. House of Representatives’ effort to grow our economy and create new jobs through a modernized tax code. Changes throughout the legislative process have made significant improvements to H.R. 1, the Tax Cuts and Jobs Act, and provided more tax relief to small insurance agencies. However, the Big ‘I’ remains concerned that the bill passed by the House of Representatives today would place a number of Big ‘I’ member businesses at a competitive disadvantage with their C Corporation counterparts and would create a new tax disparity between different types of pass-through businesses. The Big ‘I’ will continue to work with Congress and interested stakeholders to improve the provisions of this legislation related to pass-through taxation as the bill moves through the legislative process.”
Founded in 1896, the Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) is the nation’s oldest and largest national association of independent insurance agents and brokers, representing a network of approximately a quarter of a million agents, brokers and their employees nationally. Its members are businesses that offer customers a choice of policies from a variety of insurance companies. Independent agents and brokers offer all lines of insurance—property, casualty, life, health, employee benefit plans and retirement products.
