Tax Reform I – along with many of my colleagues – agree on the need for corporate tax reform. The United States has the highest corporate tax rate in the world. This discourages growth and job creation in the United States. I believe Congress must work to broaden the base, eliminate special-interest loopholes, and lower the corporate tax rate once and for all. But corporate tax reform is only one piece of the puzzle. If we are going to grow the economy and give our job creators the certainty they need to invest in their companies and create jobs at home, then we need to undertake comprehensive tax reform and address the complexity and inefficiency of the individual side of the tax code. The tax code is burdensome to American families and businesses – it is made up of thousands of pages of complicated and confusing text and taxpayers spend billions of dollars each year to comply with it. This is, rightfully so, a source of significant stress for every American. Congress must relieve this burden by simplifying the tax code to make it broader and flatter. Make no mistake, comprehensive tax reform will be a challenging undertaking, but I am looking forward to working with my colleagues – Republicans and Democrats alike – to overhaul the tax system. Related Documents:
Opinion Pieces -
Congress Should Even Retail Playing Field
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