This is an updated blog post as our last version incorrectly claimed The Legend of Zelda as Nintendo’s best selling video game franchise (it’s one of the highest) and Nintendo to be almost 100 years younger than it actually is. Our tax code is old, but not nearly as old as Nintendo, founded in 1889 by Fusajiro Yamauchi.
The Legend of Zelda series is among Nintendo’s best-selling video game franchises enjoyed by more than two generations of gamers. The action-adventure game was released in 1986, only one year after Nintendo was released in North America.
And you know what else was released in 1986? Yeah, you do. The last major reform to the American tax code was signed into law in 1986.
It’s been 31 years, and our current code is far beyond repair.
House Republicans have been working for years on bold ideas to overhaul our nation’s broken tax code. Now, with the Trump administration, the House, and the Senate working together, we’re on track to take up tax reform in the fall.
SO, WHAT DOES OUR VISION LOOK LIKE?
Our vision for tax reform…
According to the National Small Business Association, 65 percent of small businesses say that federal taxes have a significant to moderate impact on the day-to-day operations of their businesses.
This is absurd considering the nearly 30 million small businesses across the country employ roughly half of the private sector workforce.
“If Washington is serious about strengthening the American economy, it is time to enact a plan that will level the playing field for American businesses by encouraging investments and job creation. Piecemeal efforts won’t get us where we need to go. We need comprehensive, permanent tax reform, and we need it now.”
-Texas small business owner Rebecca Boenigk
We’re very serious about strengthening the American economy, and we’re starting now with tax reform.
As House Republicans, we want our work to reflect your voice. So take the next 30 seconds and tell us what you want from tax reform:
If you like the idea of separating wage income from small business income, then you’ll love what else we have to say about further income tax revisions under the new Republican tax reform plan.