However, we are concerned that some of the proposals that may be discussed today--such as a national wealth tax, a minimum tax on corporations' 'book profits,' and a swift and significant increase to the budget of the Internal Revenue Service (IRS) without accompanying reforms--could make the tax code more complex, less fair, and, in turn, stunt economic growth at a fragile point in the country's recovery from the COVID-19 pandemic.
Cassidy shares concerns about potential tax reforms affecting economic recovery.
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