The AEA backed the U.S. tax reform compromise.

The American Electronics Assn.’s board of directors specifically endorsed the proposal’s reduction of the corporate tax rate to 34% from 46%, as well as its extension of the tax credit for increases in research and development spending. The board, however, was critical of the congressional tax plan’s elimination of preferential tax treatment for capital gains. The AEA is the nation’s largest electronics trade group with more than 2,700 member-companies.