Senator Dan Coats (R-Ind.) today issued the following statement after Mark Mazur, President Obama's nominee to be the top tax official at the U.S. Treasury Department, said the administration is not working on a plan for tax reform.
"The Obama administration's failure to prioritize tax reform is indicative of a continuing lack of leadership on the major issues facing this country," said Coats. "Americans expect and deserve more from their president."
In testimony today before the Senate Finance Committee, which oversees tax policy, Mazur said, "We'd be negligent if we weren't doing foundational work ... But at this point there is no plan that is being developed."
"Rather than punting this issue until after the election, the administration should start working with Congress today to create a tax system that is more competitive, simple and fair," said Coats. "Reforming and simplifying the tax code is a proven way to encourage economic growth, create more American jobs and make our country stronger in the global marketplace."
Since Coats returned to the Senate, he has urged Congress and the administration to pass comprehensive tax reform. Last year Coats and Senator Ron Wyden (D-Ore.) introduced the Bipartisan Tax Fairness and Simplification Act, legislation that would simplify both individual and corporate tax rates, provide tax relief to the middle class and encourage businesses to grow and invest in the United States.