WASHINGTON, Sept. 15, 2011 /PRNewswire-USNewswire/ -- On September 15, 2011, The ESOP Association submitted a statement for the record to the Senate Committee on Finance which held a hearing examining tax reform options and the promotion of retirement security.
"We presented to the Committee data that shows ESOP companies and their locally-controlled jobs are more profitable, more productive, and more sustainable," said ESOP Association President, J. Michael Keeling. "The best jobs program Congress could consider now would be encouraging more employee-owned companies."
A copy of the statement can be found on the Association's website at http://www.esopassociation.org.
The ESOP Association is the national trade association for companies with employee stock ownership plans (ESOPs) and the leading voice in America for employee ownership. The core cause of The ESOP Association is the belief that employee ownership will improve American competitiveness, increase productivity through greater employee participation, and strengthen our free enterprise economy.
SOURCE The ESOP Association