Said no one, ever.
Our tax code is so complicated that Americans spend 6 billion hours filing their taxes.
That’s like watching the Lord of the Rings trilogy more than 646 million times. We’re going to need some more popcorn.
There has to be a better way…and there is!
What if taxes were so simple they could fit on a post card?
That’s one of the key concepts behind our Better Way for Tax Reform, and it’s guiding our efforts to create a tax code designed for the 21st Century.
This week, the Ways and Means Committee had a big hearing on how pro-growth tax reform will grow our economy and improve the lives of workers, families, and job creators.
A lot happened this week, so here’s a little primer on what we’re going for:
- Growth: Bold reforms will increase paychecks, grow local businesses, and expand our economy.
- Simplicity: By simplifying the broken tax code, most Americans can file their taxes on a form as simple as a post card.
- Service: We will redesign the IRS to be an agency focused on customer service.
Simply stated, we want a tax code that works for YOU — not the other way around.
Here’s what House Republicans are saying about our plan for tax reform:
“Our Committee is focused on a top priority for the American people – pro-growth tax reform that will create jobs, increase paychecks, and strengthen our nation’s economy. America now has one of the most costly, unfair, and uncompetitive tax systems in the world. The need for pro-growth tax reform is urgent.”
“There’s going to be continuous drama around town and around the world…what we’ve got to do is not minimize those questions. They’re serious questions that have to be dealt with, but not to be overwhelmed by them either. Let’s realize that we’ve got this incredible season. Right now we’ve got a national consensus that nobody likes our tax code. We’re not competitive. …let’s have this transformational moment.”
“We’ve been working on [tax reform] for months — and we’ve been talking about it for years. This is our opportunity to get it done. …Americans need tax reform. Our system is way too complicated — something is wrong when hard work is punished in our country. That is NOT the American way.”
“Railroads have been bringing opportunity to Nebraska since the 1860s. On the Ways and Means Committee, we are wanting to grow opportunity for places like this and all across America through tax reform—simplifying our tax code. The Tax Foundation has actually stated that our plan would put about $4,900 in the pockets of each family across America. This is so important as we look for opportunity for the future.”
Speaking of Rep. Smith…. he has a BIG ANNOUNCEMENT!
“The imperative for us is to focus on the job, the task at hand, and to deliver what the American people want, which is to clean up health care, get rid of the ACA insurance marketplace; focus on tax reform, simplify and lower those individual rates, simplify the corporate rate, get some economic growth going because the agenda is all jobs, jobs, jobs.”
“We all know how frustrated the American worker is. A lot of people in this country just don’t feel like success is attainable for them.”
“[Tax reform is] going to be robust and dynamic and we’re going to get people back to work and they’re going to have higher wages, and more importantly than anything else, we’re going to be able to compete globally because that’s where the market is now. We have to do that globally. And when you have the highest tax rates and more regulations than you can possibly shake a stick at, you’d better take a look at what’s holding you back.”
“Our tax code has not been reformed for 30+ years, making the U.S. system one of the most outdated and anti-competitive tax systems in the world. We need a tax system that’s permanent and competitive. This will support Hoosiers, American workers and encourage businesses to invest in the U.S.”
“House Republicans are busy working on the American people’s priorities. Job growth is front and center on our minds.”
“I continuously hear from Minnesota companies about the importance of having major tax reform that is permanent, that promotes investment, that lowers rates. It will boost paychecks, it will increase jobs, and it will grow the economy. Regardless of whether it’s a large or small company, these businesses, and the men and women working there, will benefit from fixing a broken tax code.”
“If we truly want to grow the middle class, if we want to give them a raise, if we want to reduce income inequality, we must make our tax code competitive in the world.”
“In Texas, we know that limited government and lower taxes equals economic prosperity. It’s been three decades since comprehensive tax reform was signed into law. With stagnant wages and economic growth that has flat-lined, the time is now to do the heavy lifting and lower the tax burden on American businesses and families.”
“It’s been more than 30 years since President Reagan led the last major tax code overhaul. In that time, layers of regulations and loopholes have been tacked on, creating the mess we have today. Additionally, provisions, like the Death Tax, are actively holding family farmers and small businesses back.”
Rep. Tiberi asked the witnesses at yesterday’s hearing: “what is the cost of delaying tax reform?” Here are two of the responses:
- “A delay cannot happen… I need tax reform right now. My employees need it as well. They want to start saving and getting ready for the future. ”
- “Delaying comprehensive tax reform has cost us billions of jobs, billions of dollars and so on.”
“Our broken tax code hurts Central New York small businesses and families. I applaud Ways and Means’ efforts to jumpstart our economy and create jobs.”
“The American people want to see tax reform. They want to see something that’s permanent. Businesses want to see something that they can rely on and they want to see it done — and they want to see it done right. I think the answer is let’s get tax reform done, let’s have our hearings, let’s find ways to make this market grow, and to move our economy.”