Political Quotes

“Mr. President, today I introduced the Progressive Consumption Tax Act of 2020. We need a tax code that is fair for American families and for employers. We need a tax code that rethinks how our Nation collects the revenue that allows us to build our roads and bridges and keeps our Nation safe. We need a system that values our most vulnerable Americans, small businesses, and makes our U.S.-based businesses more competitive. In our recent history, comprehensive tax reform has been out of grasp. Congressional leaders have long called for a 1986-style tax reform in which the tax code would be streamlined and simplified to broaden the tax base and lower income tax rates. The 2017 tax law was a representation of how hard this type of tax reform is. It kept in place much of what makes the tax code complicated and inefficient, did not secure permanent income tax rate reductions for working families, and it increased the deficit by nearly $2 trillion. It is time we take a new approach. As we look to the future and work towards the goal of a sustainable economy that works for all, my colleagues and I will need to think creatively about how to raise revenues and provide for the services the government must and can deliver. Austere and regressive spending cuts are not the answer to the question of how to set the country on a sustainable path and support working families. Instead, we should look at ways to raise reasonable revenues and make the tax code work better for all.…”