On the recordAugust 2, 2012
Mr. Chairman, as vice chairman of the Joint Economic Committee, I would point out that that was a partisan report-- very partisan report on the Republican tax proposal developed by the Ways and Means Committee and included in the Republican budget. But let me ask you this, because here's the real question: As hardworking Americans, when you open the mailbox and see a letter from the IRS, what do you think? How frightened are you? If you're a small business owner and you get a call from the IRS saying it's time to audit you, how fearful are you? The truth of the matter is, Americans are frightened of their own tax law, of their own Tax Code. They know it's unfair; they know it's too complicated. They know if they make a mistake, who knows how damaging it would be for them. We now have one full of special loopholes so complicated the best tax lawyers in America--including the IRS--don't quite understand it. And now we've gone from first to worst in the world. America's tax rates are the worst among our competitors. So this is why jobs are going overseas. And you will hear Members of Congress, you will hear the President, you will hear candidates for Congress say we need to fix this Tax Code, but they don't do it. House Republicans are going to act to fix this broken Tax Code. The chairman of the Ways and Means Committee, Dave Camp, has held 24 very thoughtful, very solid hearings to find ways to move forward on tax reform.…





