Today is a very important day to us. Monday, April 15, was tax day. Our Tax Code is way too big, way too complicated, way too confusing, and way too costly. Americans spend a combined 6.7 billion hours on their taxes every year, and they pay a combined total of $168 billion just to comply with tax rules. Now, I've run a business all my life. I know full well the burdens of tax regulation: it slows hiring; it slows productivity; and it slows growth. Our Tax Code is a 70,000-page spiderweb that is unfairly trapping American workers, American families, and American businesses as well as the American economy; and it's time to set them free. Today, April 18, is tax freedom day. Look, it's time for us to simplify the rules, to lower the rates, to close the loopholes. A fairer, freer, simpler Tax Code will allow all taxpayers to save money, will let our economy thrive, and will allow new jobs to flourish; and, in the end, all America wins. ____________________
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