On the recordMarch 28, 2017
We know the Tax Code is excessively complicated and takes too much money from Americans, thus we overhauled the United States Tax Code. Over 30 years ago, President Ronald Reagan signed the last major tax reform package. To put this in perspective, this was before the world wide web went live to the public, more than 10 years ago before ``google'' was a verb, and visiting a Blockbuster was the best way to rent a movie. America is vastly different than it was then, yet our Tax Code has largely stayed the same. As we bring our Tax Code into the 21st century, we must simplify the code. The U.S. Tax Code is over 3 million words long, and Americans spend billions of hours and hundreds of billions of dollars complying with Federal tax requirements each year. Imagine if that time and money were spent on innovation and job creation instead. As we work to shrink taxes and erase the excessive compliance rules, we must also make sure that the taxes we collect are spent according to constitutional constraints. We must propose a plan that will better serve individuals, families, and businesses across the country. We must introduce legislation that lowers taxes, reduces the corporate tax rate, minimizes government interference in the free market, and eases the overall cost to taxpayers to fully comply with the system. ____________________
