Steve Chabot: “an American who goes abroad can brag about a lot of things about our country, but one thing he cannot brag about is the…”

“an American who goes abroad can brag about a lot of things about our country, but one thing he cannot brag about is the American Tax Code. Mr. Speaker, just look at what has happened over the last 75 years. Back in 1913, the Tax Code was 14 pages. Now it is 3,500 pages. From 14 pages to 3,500 pages. That is not progress in my book. The Tax Code is 3,500 pages of incomprehensible regulations, exemptions, loopholes and other absurdities just to figure out how much we, as citizens, owe Uncle Sam. I suspect that an American who goes abroad will have a long list of things to be proud of, but that list will not include our Tax Code. The Tax Code is not logical. It is virtually incomprehensible and it is not fair. It is time to scrap the Tax Code in favor of a simple, low tax rate that will be the envy of the world.”