Wall Street braces for volatility over congressional votes
Business groups launch new tax reform ads
The U.S. Chamber of Commerce and the National Association of Manufacturers (NAM) each rolled out new tax reform ads on Thursday.
Key GOP lawmakers and Trump administration officials plan to release a framework for a tax overhaul later this month.
The Chamber on Thursday launched ads in Ohio, after kicking off its seven-figure TV and digital ad campaign last week with spots in New York. The ads feature people in work environments arguing for a tax-code overhaul that will boost the economy and put more money in people's pockets.
The ads will air in districts held by four Ohio GOP House members: Reps. Mike Turner, Jim Jordan, Bill Johnson and Warren Davidson.
Jordan and Davidson are members of the conservative House Freedom Caucus, while Turner is being targeted in the midterm elections by the Democratic Congressional Campaign Committee.
The Chamber also announced that it launched a new website, Taxreformforamerica.com, where taxpayers can contact their lawmakers and share their stories about why they want an overhaul of the code.
Separately, the NAM is making the case for tax reform with a paid web video launched Thursday that will run during "Thursday Night Football" in the Washington D.C., Houston and Cincinnati metro areas, a spokesman for the group said. The Houston Texans and the Cincinnati Bengals are playing in the game.
The ad includes football images and terms.
"It's fourth and goal. Manufacturers in America need tax reform," the narrator says in the video. "A touchdown to tackle America's problems."
The NAM also plans to run videos over the next few weeks as President Trump travels across the country to push for a tax overhaul.
Tax reform is a top priority for Trump and congressional Republicans. A group of administration officials and congressional Republican leaders, known as the "Big Six," are slated to provide more tax details the week of September 25.