There is no question we need to lower taxes for people at all levels of income, from our job creators to our friends and neighbors who have fallen on hard times. Excessive regulation and taxes are a deterrent to business expansion and income. I am proud to support legislation that will bring common sense and accountability to our tax system.
Comprehensive Tax Reform
There is no doubt that our tax code is broken and in desperate need of reform. A report issued by the National Taxpayer Advocate revealed that it takes families and businesses 6.1 billion hours each year to fill out their taxes, and that the tax code is nearly 4 million words long. This means more confusion, more special interest loopholes, and more unfairness for hardworking taxpayers who just want to do the right thing.
In the 114th Congress, Speaker Paul Ryan put together a task force to create a comprehensive tax reform plan. The Better Way Tax Reform agenda will lower rates for individuals and businesses, prioritize job creation, and make American businesses more competitive with their overseas competitors.
The time to start over on the tax code is now, and I support ongoing efforts in Congress to make taxes simpler, fairer, and lower for all Americans. By doing so, we can also diminish the power of the IRS and its ability to target innocent taxpayers. I look forward to working with the Trump administration on meaningful tax reform that will help strengthen our economy by allowing individuals to keep more of their own money in their pockets and making our country more appealing to businesses so they stay here and don’t move jobs overseas to try and save a buck.
You may also be interested to know I am a co-sponsor of H.R. 25, the Fair Tax Act. This major piece of tax reform would replace the income tax with a national sales tax, and not only bring much-needed sanity to our tax system, but would also help American families by allowing them to be able to keep 100% of their paychecks, pensions, and Social Security payments. In addition, the national sales tax proposed by the Fair Tax Act would liberate American taxpayers from an unnecessary load of stress and paperwork. The bottom line is I will support any reform that makes our tax code simpler and easier to understand.
You may be interested to know I supported H.R. 1105, the Death Tax Repeal Act, which passed the House in April 2015 and would end the costly death (estate) tax. The death of a loved one should not be a taxable event, and the impact that this tax has on family farms and small businesses is just plain wrong. Our country has a wonderful tradition of businesses passing down through the generations, and this tax threatens the ability of families to pass along what they have built.