Use the tax code to collect the revenue the government needs as simply and fairly as possible.

One principle that we should abide by is wherewithal to pay. So, trying to tax unrealizable capital gains would be disastrous.

It undermines the rule of law for the rest of us.

Use the tax code to collect the revenue the government needs as simply and fairly as possible.

We just put this chart up here. This is what Senator Grassley was talking about. I mean, this is the futility of trying to punish individuals, you know, trying to punish their success.

Let's simplify this thing. Let's rationalize this. That's what I'm going to try to push for in the next couple of years.

It's way too complex, right? So, when you have something really complex, that's something that can be taken advantage of, correct?

We do a terrible job social and economically engineering through the tax code. So, stop doing it.

I call it a true Warren Buffett tax. Tax all business income at the ownership level.

Madam Speaker, I am proud to have many of my provisions included in this NDAA that will ease the servicemembers' transition from Active Duty to becoming a veteran, and I thank Chairman Rogers for his work and support on this. I will…

Madam Speaker, I thank the gentleman from Georgia for yielding time. Madam Speaker, I rise today in support of H.R. 8070, the Servicemember Quality of Life Improvement and National Defense Authorization Act for Fiscal Year 2025. As the…

It ends up being incredibly complex.

Here was my proposal in 2017-2018. I call it a true Warren Buffett tax. Tax all business income at the ownership level.

It's way too complex, right? So, when you have something really complex, that's something that can be taken advantage of, correct?

We do a terrible job social and economically engineering through the tax code. So, stop doing it.

This is the futility of trying to punish individuals, you know, trying to punish their success. It just doesn't work.

Madam Speaker, I yield 3 minutes to the gentlewoman from Florida (Ms. Salazar), the bill's sponsor.

Madam Speaker, I ask unanimous consent that all Members may have 5 legislative days in which to revise and extend their remarks and include extraneous material on this bill. The SPEAKER pro tempore. Is there objection to the request of the…