Political Quotes

“I rise today to note this Congress's historic achievement in reforming the Nation's tax system for the first time in 30 years. I congratulate the hard-working teams, the staffers, and others from the Budget, Finance, and Energy Committees and their colleagues in the House for the work they have done. It is not easy to modernize a Tax Code that has languished for over 30 years. Many groups have worked for a long time to solidify their special benefits, and they don't want to see those perks or special benefits go away. Many others just don't know how to work things under the status quo and think that must be the only way to do things, is to find a new status quo that represents the old status quo. Reforming the Tax Code is not easy, but it is important. It is important to America's economy. It is important to America's working families. It is important to Colorado. It is important for a lot of reasons. For instance, right now, we waste 6 billion hours and $263 billion just to file our taxes every year. After this reform, 92 percent of taxpayers will take the standard deduction. That simplifies the code, cuts those hours, and eliminates wasted dollars. Perhaps most importantly, it will shake our economy out of its slow- walking recovery.…”