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AT&T CEO: Tax reform failure would be "bad indictment" of GOP

AT&T CEO Randall Stephenson with President Trump at the White House. Photo: Evan Vucci / AP

Randall Stephenson, the chairman and CEO of AT&T, told attendees at a Business Roundtable discussion on tax reform that it would be a "bad indictment" of the Republican Party if they couldn't pass significant reform while controlling both Congress and the White House.

The key message: The heads of five massive American companies — Boeing, Lockheed Martin, UPS, AT&T, and EY — all took part in the discussion, stressing that U.S. companies could not remain competitive globally without lowering the corporate tax rate to the 20-25% range.