Wayne Allard: “I believe the Federal tax burden is excessive and overly intrusive. Reform of the IRS and the current tax system is long…”

“I believe the Federal tax burden is excessive and overly intrusive. Reform of the IRS and the current tax system is long overdue. If our Democratic colleagues have their way, the Tax Code will continue to be excessive and overly intrusive. In recent years it has become abundantly clear to me that we have lost sight of the fact that the fundamental purpose of our tax system is to raise revenues to fund our Government. In its current application, the U.S. tax system distorts the economic decisions of families, of businesses, leading to an inefficient allocation of resources and hindering economic growth. Our tax system has become unstable and unpredictable. Frequent changes to the Tax Code have caused volatility that is harmful to the economy and creates additional compliance costs. The tax system was originally intended to be an efficient and simple system designed to raise revenues for our national defense, social programs, and vital Government services. However, the current tax system is now so complex that approximately $150 billion is spent each year by taxpayers and the Federal Government to make sure that taxes are tallied and paid correctly.”