May I thank my dear chairman for saying there is no time like now. What a better moment to start addressing the Tax Code than that point which, nominally at least, we have a balanced budget and we are not driven by the exigencies of revenue as such. We can address the question of complexity, efficiency, and clarity. Simplicity--we are a republic. We are meant to be simple. Good people of Maine would like that, I think, and I think the people of Delaware would. In New York we are somewhat given to complexifying, but I think we might find a little simplicity refreshing. I yield the floor.
Patrick Moynihan: “May I thank my dear chairman for saying there is no time like now. What a better moment to start addressing the Tax Code…”
Editor's note · Context
Discussing the need for tax code reform during a speech on the Senate floor.
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