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Blog: International Tax Reform For Robust Economic Recovery

Statement

By:
Date:
Location: Unknown

Reforming our current tax code is an important step forward in turning our economy around and getting our neighbors back to work. As it stands, our tax code is over 9,097,000 words long. Putting that into perspective, the entire Bible is 774,746 words long.

The last thing we need to be doing is burdening economic recovery and job creation with this complicated tax code we have today.

The House Ways and Means Committee held a hearing this afternoon on international tax reform to discuss details of the corporate rate cut and participation exemption system that the Committee hopes to make a part of comprehensive tax reform.

I had the opportunity to question tax specialists on how to properly transition into a more effective tax structure. It's imperative that we get the transition rules right so that we don't unintentionally harm American companies.

Reforming our current tax code is an important step forward in turning our economy around and getting our neighbors back to work. As it stands, our tax code is over 9,097,000 words long. Putting that into perspective, the entire Bible is 774,746 words long.

The last thing we need to be doing is burdening economic recovery and job creation with this complicated tax code we have today.

The House Ways and Means Committee held a hearing this afternoon on international tax reform to discuss details of the corporate rate cut and participation exemption system that the Committee hopes to make a part of comprehensive tax reform.

I had the opportunity to question tax specialists on how to properly transition into a more effective tax structure. It's imperative that we get the transition rules right so that we don't unintentionally harm American companies.


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