Congressman Adrian Smith (R-NE) released the following statement on President Obama's corporate tax reform proposal:
"I am pleased President Obama has finally joined the conversation on tax reform," said Smith. "I am encouraged the President's framework includes many of the same principles of reform we have worked on in the Ways & Means Committee which will make businesses in Nebraska more competitive globally while creating good jobs here at home: lowering rates, reducing loopholes, and broadening the tax base.
"As with any proposal, the devil is in the details. Notably, the President's proposal does not focus on the need for fundamental reform of our tax code. A comprehensive approach is recognized by both parties as essential for future prosperity and remains an achievable goal. I look forward to reviewing the President's plan in more detail and hope we can find common ground to move forward on both corporate and individual tax reform."