When the modern tax code was established in 1913, it contained 400 pages of laws and regulations. Today, our tax code includes 70,000 pages of regulations. Clearly, America is in need of a serious tax overhaul if we are to compete in a global economy. The primary goal of tax reform should be to make our tax code simpler and fairer, and to promote job creation and economic growth. Instead, most of todays changes to the tax code involve special loopholes, exclusions, and deductions benefiting the well-connected, costing the federal government more than $1 trillion each year in lost revenue without helping ordinary Americans. Learn more: pittenger.house.gov/TaxReform
Posted on: Tue, 30 Dec 2014 21:00:00 +0000