See what House Republicans are planning for tax reform. Visit FairAndSimple.gop to see our goals, FAQs, and 31 reasons WHY now is the time for tax reform.
Did you know that individuals and families spend a combined 2.6 billion hours and $99 billion each year on filing and complying with the individual income tax?
Did you know that 65 percent of small businesses say that federal taxes have a significant to moderate impact on the day-to-day operations of their businesses?
Did you know that today, U.S. companies hold more than $2 trillion in earnings and investment overseas because of America’s outdated international tax system?
Our tax code is more than 30 years old and far beyond repair. It discourages job creation, drives American business overseas, puts us at a worldwide tax disadvantage, forces businesses to base decisions on tax breaks, and burdens families and job creators with excessive paperwork and compliance costs. Enough is enough.
Over the past several years, the House Committee on Ways and Means and the Senate Finance Committee have examined and developed various tax reform proposals that will work for everyday Americans at all income levels. House Republicans then put forward our Better Way for tax reform last year.
Building on this and the input of American families, business leaders, and policy experts, we’re developing a shared vision for real and timely tax reform. Now the House, Senate, and White House are working together to make this a reality.
This is a once-in-a-generation opportunity to move forward with bold, pro-growth tax reform that will create jobs, grow wages, and vault American back into the lead.
TAX REFORM IS COMING. SHARE THE GOOD NEWS!
*Republicans’ bold tax reform delivers a tax code so simple that 9/10 Americans will be able to file their taxes on a form as simple as a postcard.
To learn more, visit gop.gov or check out the links below: