T. Gorton: “Fundamental reform is my top tax legislative priority. I believe the entire confusing and incomprehensible tax code…”

“Fundamental reform is my top tax legislative priority. I believe the entire confusing and incomprehensible tax code should be scrapped and replaced with a system that is fair, simple, uniform and consistent. Until such fundamental reform can take place, I will continue to work in support of tax reform measures that correct unfair aspects of the existing tax code mess. One section of the code that I believe needs to be changed and changed soon is Section 415. Section 415 of the tax code was enacted in 1974 for the purpose of limiting the pensions of corporate executives. Section 415 no longer impacts corporate executives, but it does unfairly impact middle income workers who are prevented from collecting the full pensions they earned and deserve from their multi-employer plan. This is as simple as the tax code keeping workers from being able to collect their own money. I believe this injustice should be corrected, and I have cosponsored legislation, Senate bill 1209, that will restore fairness to this section of the tax code.”