Michael Burgess: “during these last 2 weeks back home in my district, I had a lot of discussion about income tax, because, of course…”

“during these last 2 weeks back home in my district, I had a lot of discussion about income tax, because, of course, April 15 fell during our recess this year. A lot of people are asking me, what has ever happened to the concept of fundamental tax reform in the House of Representatives? Why can we not as the American people create a system that promotes fairness and economic prosperity by treating everyone the same, regardless of income or occupation, and removing special preferences and disincentives for economic growth that characterize our current IRS Tax Code? They also ask, when will it be time to eliminate our current code's bias against savings and investment? Currently interest rates are at historic lows. It is hard enough to convince people to put money in a savings account, because it doesn't pay very much, and, on top of that, you pay at the highest rate on the money you earn on that savings account, certainly a disincentive for savings. When savings are no longer taxed twice, I believe people will save and invest more, leading to higher productivity and greater take-home pay. Mr. Speaker, a year ago, my third month in Congress, I introduced a bill, H.R. 1783, called The Freedom Flat Tax Act. The Freedom Flat Tax Act allows people to opt into a progrowth tax system that restores fairness, simplicity and efficiency to our current Tax Code.”