Edward R. Hamberger, president and CEO of the Association of American Railroads (AAR), issued the following statement applauding the latest details on tax reform, released by the U.S. Congress and Trump administration:

 “As the private freight rail sector has said repeatedly, tax reform begins with adjusting the statutory business tax rate to a globally competitive level. Rate reduction would help generate economic growth for our customers, attract foreign companies to build and hire workers in the U.S. and spur private capital investment across the board. We are pleased to see that the latest details from tax reform leaders reflect this critical objective.

“There is undoubtedly a sense of urgency among our members to seize this rare opportunity. We remain optimistic elected leaders will transform this blueprint to legislation as soon as possible.”