John Cornyn: “the first step to achieving our goal of overhauling our antiquated and uncompetitive Tax Code is passing a fiscal year…”

“the first step to achieving our goal of overhauling our antiquated and uncompetitive Tax Code is passing a fiscal year 2018 budget resolution, and we have made the first step in that journey earlier today. No one should be confused about this. A vote for the budget is a vote for tax reform. In converse, a vote against the budget is a vote against tax reform. I don't know anybody in America who thinks that our Tax Code is a paragon of simplicity, efficiency, and virtue. To the contrary, I think most Americans realize that our Tax Code is simply too complex and that our Tax Code punishes taxpayers here at home by keeping overseas money earned overseas, rather than being brought back home and being invested in jobs and wages in America. The budget resolution will steer our Nation into a safer and sounder fiscal course through a combination of restraining spending, reducing tax burdens, and strengthening our economy. Strengthening our economy really needs to be the focus, like a laser, that we have on what we are all about here--trying to get the economy to grow again faster. We know that since the great recession of 2008, our economy has experienced anemic economic growth. Last quarter we saw that our economy, instead of growing at the annual rate of about 1.8 percent, grew at 3.1 percent. Why is that important? Well, when the economy grows faster, that means that people are finding more work to do and they are paying their taxes to the Treasury.…”