Our tax code no longer reflects our modern economy and needs reforming. The current tax code is too complicated for small businesses and families to navigate. Excessive government regulation and an unpredictable tax structure stifle innovation and prevent hard working families from keeping the money they earn.
Easing the tax and regulatory burden on small businesses would allow them to hire new employees, give raises or bonuses to existing ones, or even expand the business. Pro-growth tax reform could unleash our country’s economic potential and lead to the creation of millions of jobs, many at small and medium-sized business.
For individuals, our plan would ensure that taxpayers with similar incomes receive similar tax bills, making it less complicated for people to file their own taxes. More simplicity and fairness in the tax code would offer American families the stability and predictability they need to plan for their future.
Ultimately, our goal is to overhaul our tax code to make it simpler, fairer, and flatter. It won’t be an easy task, but I am committed to working toward a solution that helps grow our economy and improve the quality of life for those I represent.
More on Taxes
Less than a year ago, Congress passed and the President signed into law the Tax Cuts and Jobs Act to simplify our complicated tax code and lower rates for all Americans. Thanks to tax reform and other pro-growth policies, our economy is booming. You don’t just have to take my word for it – here are some numbers from the month of August: