Jacob J. Lew: “We want to work together on tax reform on the individual side, as well, to make it simpler.”

The fiscal year 2017 President's budget puts forward the building blocks of a social compact for the 21st century and creates the conditions for sustained economic growth.

Over the past 7 years under the President's leadership, we have seen a sustained economic recovery and an unprecedented decline in the Federal budget deficit.

You find cases of tax avoidance, and we know when you find cases of tax avoidance, voluntary compliance goes up.

This agreement demonstrates that we have the capacity to find common ground on difficult issues and lays a foundation for addressing some of our long-term challenges.