Kevin Brady: “let me say, too, I serve on the Committee on Ways and Means and like the gentleman from Georgia (Mr. Collins) have seen…”

“let me say, too, I serve on the Committee on Ways and Means and like the gentleman from Georgia (Mr. Collins) have seen firsthand just how horrible a Tax Code we have. I knew it was bad before going on the committee. I had no idea just how horrible and burdensome it is. It is just impossible to comply with. It takes so much energy out of our economy. It is so complex; there are so many loopholes. You have got a secretary of a corporation who could be paying more than the CEO, and that is just not right. It seems to me, too, that we tax all the good attributes of Americans, people who go to school to learn a skill, those who get married, those who start a family, go to work, start a business, invest for the future, save for retirement, build up a farm or a business to pass down to their kids. Those are the people we tax the most, regulate the most through our Tax Code. It seems to me people are smart, and when you tax them, punish them for doing the right thing, they start thinking about doing something else. The fair tax, which my colleague is the leader of, I think reverses all that; and instead of taxing investment and hard work and savings, it taxes consumption and does it one time, at its final place of consumption. It does not tax used items. It does not tax business, buying something else from a business to create a product.”