Asa Hutchinson: “I join Senator Brownback in the introduction of the Tax Code Termination Act today and will explain a little bit about…”

“I join Senator Brownback in the introduction of the Tax Code Termination Act today and will explain a little bit about our motivation and our rationale for what I think will prove to be very historic legislation. I heard it said that a tax form is a lot like a laundry list, either way you are going to lose your shirt; and a lot of folks have lost their shirts dealing with this code right here, the Tax Code that we believe needs to be terminated, needs to be eliminated, needs to be pushed over the cliff, giving us a clean slate to start over again. Today's laundry list of tax provisions which now comprise 480 separate tax forms, requiring an additional 280 supplemental, explanatory pamphlets, is causing taxpayers to not only lose their shirts but to lose their patience. Taxpayers are frustrated that they must spend a combined total of 5.4 billion hours complying with the provisions of this Tax Code--5.4 billion hours. That's just a number to most people. Most people can't conceive of the number 'billion' or exactly what that means. It is the equivalent of 20 hours a year for every man, woman, and child in America to comply with this Tax Code.”