Successful tax reform will take a President who truly makes it a priority and works closely with Congress.
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I believe we can, and should, find common ground on a path forward for comprehensive tax reform.
If we use the existing structure, for every 1 percentage point reduction in the C rate, Joint Tax has estimated that would cost $100 billion over 10 years.
90 percent of American businesses do not pay the C rate, they pay the individual rate.
The C corporation rate at 35 percent is not competitive, compounded by the fact of double taxation.
I agree with Senator Thune in that our high tax rate on businesses in America is making America uncompetitive.
The tax code should not get in the way of public-private partnerships that want to build new roads, bridges, and highways across the country.
It makes no sense to cling to an outdated system that taxes some high-tech investments, such as computer servers and MRI machines, at more than double the rate of other investments.
My proposal dumps that headache and lays out six categories for depreciation that are far easier for a small businessperson to work with.
This proposal is all about making the tax code more attractive for the risk-takers who go out and start a small business.
Eliminating the double taxation of corporate income would reduce or eliminate at least four distortions built into the current tax code.
Dear Chairman Bishop and Ranking Member Grijalva: I am writing to support Congress' efforts to create a limited and targeted framework to address Puerto Rico's fiscal crisis through H.R. 4900.
This is the game that we play, and it's what makes people sick and disgusted with their government.
When we issue a subpoena from the Congress, it's not optional.
You have a fiduciary responsibility, and our checks and balances, our constitutional form of government only works if we have good, honest, decent people who actually comply with the law.
You leave us with no other choice. The three of you are here for a reason. You earned it.
The unprofessional nature in which their responses have been happening is totally and wholly unacceptable.