I want to welcome everyone to today's hearing to discuss Fairness in Taxation.
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The better option is to fix the tax code in a bipartisan way and accomplish our goals more effectively.
The President also proposed a variety of measures to provide tax relief for the middle and working class Americans
The tax code as it relates to business is riddled with loopholes, drives business out of the United States
The exhaustive work of the Simpson-Bowles Commission...proposed reducing the number of tax rates to three
I see no need for a land-value tax, especially at the federal level.
President Kennedy once said that a rising tide lifts all boats. But how is it that we have an economy where not all boats are currently being lifted?
Fairness, in the context of the tax code, means that similarly situated taxpayers should be treated similarly.
For 15 years, America's middle class has been shrinking, and shrinking for the wrong reason.
A fairer tax code would be one that eliminates many of these tax expenditures, allowing us to broaden the base and lower the overall tax rates.
The rampant use of inversions and earnings stripping...have contributed to a massive decline in the contribution of business tax revenues
If conservatives and Republicans run and hide as soon as liberals and Democrats scream their class-warfare slogans, this will go nowhere.
It also is vital that every American adult pay some tax on income (or, eventually, consumption), so that everyone has 'skin in the game.'
If the American people do not believe a tax reform proposal is fair, it is hard to see, politically, how it could be enacted.
One of the tenets of the income tax has always been that it is paid by those who can afford it.
Fairness will undoubtedly be one of the keys to tax reform.
The current situation, where nearly half the country is effectively shielded from the cost of funding the Federal Government, deserves some attention in any tax reform effort.