NOIA Applauds Passage of the Tax Cuts and Jobs Act

For Immediate Release: Wednesday, December 20, 2017
Contact:  Justin Williams, (202) 465-8464, jwilliams@nullnoia.org

NOIA Applauds Passage of the Tax Cuts and Jobs Act

Washington, D.C. – National Ocean Industries Association (NOIA) Randall Luthi issued the following statement after Congress passed the Tax Cuts and Jobs Act:

“The passage of long overdue tax reform legislation will open the door to a more competitive America. U.S. businesses and workers, particularly those in the energy industry, are unrivaled in their grit and ingenuity, and they deserve a tax system that provides certainty, clarity and simplicity. With today’s vote, American workers can keep more of their hard-earned paychecks and American businesses will be able to reinvest more of their earnings.  In other words, the new tax system will increase America’s ability to produce energy and compete globally, bringing more jobs, more investment and more opportunities to our shores.

“NOIA thanks Senate Majority Leader Mitch McConnell (R-KY), Senator John Cornyn (R-TX), Speaker of the House Paul Ryan (R-WI) and House Committee on Ways and Means Chairman Kevin Brady (R-TX), along with all of the bill’s supporters, for their tireless work on this fundamentally important issue and for a job well done.”

ABOUT NOIA

NOIA is the only national trade association representing all segments of the offshore industry with an interest in the exploration and production of both traditional and renewable energy resources on the nation’s outer continental shelf.  NOIA’s mission is to secure reliable access and a fair regulatory and economic environment for the companies that develop the nation’s valuable offshore energy resources in an environmentally responsible manner. The NOIA membership comprises approximately 250 companies engaged in business activities ranging from producing to drilling, engineering to marine and air transport, offshore construction to equipment manufacture and supply, telecommunications to finance and insurance, and renewable energy.