UPS Commends Senate On Release Of Tax Reform Bill That Will Stimulate Economic Growth

US 11/10/17

Washington, DC

Urges House and Senate to work together

UPS® (NYSE: UPS), a global logistics provider and leading advocate for tax reform, lauded Senate leaders on the release of the Tax Cuts and Jobs Act, a critical  step in finding compromise on a tax structure that has not been updated in more than 30 years.

“From our perspective it’s clear--when GDP increases, more people ship packages—this translates into more planes, more vehicles and more people to sort and deliver,” said UPS Chairman and CEO David Abney. “With a lower and permanent corporate tax rate and a competitive international tax system, our economy will see accelerated GDP growth, investment and job creation.”

The House and Senate must now work together to resolve their differences and move this bill forward for President Trump to sign into law and make America more competitive in the global marketplace.

About UPS

UPS (NYSE: UPS) is a global leader in logistics, offering a broad range of solutions including transporting packages and freight; facilitating international trade, and deploying advanced technology to more efficiently manage the world of business. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide. The company can be found on the web at ups.com or pressroom.ups.com and its corporate blog can be found at longitudes.ups.com. To get UPS news direct, follow @UPS_News on Twitter.

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