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“Big Six” Releases Tax Reform Framework

Congress expected to hold hearings on framework this fall.

WASHINGTON, D.C., September 27, 2017—The Independent Insurance Agents & Brokers of America (IIABA or the Big "I") today released the following statement by Charles Symington, Big "I" senior vice president of external, industry, and government affairs: 

"The Big 'I' is encouraged by the release of today's tax reform framework. The majority of IIABA member businesses file at individual tax rates because they are organized as pass-through entities such as Subchapter S Corporations, Partnerships and Sole Proprietorships. Lowering the tax rate for small businesses is essential to enable our members to grow their businesses and hire more employees.  The Big "I" also believes that as Congress considers tax reform, it must ensure all Americans have the retirement savings tools they need. The Big "I" looks forward to working with the Administration and Congress as they flesh out the details for this much-needed reform of our tax code." 

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.