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Pathway to Job Creation Through a Simpler, Fairer Tax Code Act of 2012

Floor Speech

By:
Date:
Location: Washington, DC

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Mr. BRADY of Texas. Mr. Chairman, as vice chairman of the Joint Economic Committee, I would point out that that was a partisan report--very partisan report on the Republican tax proposal developed by the Ways and Means Committee and included in the Republican budget.

But let me ask you this, because here's the real question: As hardworking Americans, when you open the mailbox and see a letter from the IRS, what do you think? How frightened are you? If you're a small business owner and you get a call from the IRS saying it's time to audit you, how fearful are you?

The truth of the matter is, Americans are frightened of their own tax law, of their own Tax Code. They know it's unfair; they know it's too complicated. They know if they make a mistake, who knows how damaging it would be for them.

We now have one full of special loopholes so complicated the best tax lawyers in America--including the IRS--don't quite understand it. And now we've gone from first to worst in the world. America's tax rates are the worst among our competitors. So this is why jobs are going overseas. And you will hear Members of Congress, you will hear the President, you will hear candidates for Congress say we need to fix this Tax Code, but they don't do it. House Republicans are going to act to fix this broken Tax Code.

The chairman of the Ways and Means Committee, Dave Camp, has held 24 very thoughtful, very solid hearings to find ways to move forward on tax reform. Today, the House has the opportunity to lay out principles for a far more simple Tax Code, a far more fair Tax Code, one that doesn't frighten us to death and one that doesn't frighten our jobs overseas.

More importantly, in this bill is a simple provision that says: Congress, you also have to do your job. It sets up a timetable for the House and Senate next year to have a guaranteed up-or-down vote on comprehensive tax reform.

So no more stalling, no more delaying, no more talking about the need to fix this Tax Code. In the House today we will act to guarantee that Congress must take this up. And it's about time because we are losing jobs, we're dragging our own economy down, we're frightening hardworking taxpayers who are just trying to live by the law, but no one actually understands this Tax Code. We're determined to act; and when we do act, both today and next year, at fundamental reform that is lower and fairer and simpler, our economy is going to grow, this Nation is going to grow, and we're going to be back on top of the world when it comes to the best business climate and strongest economy in the world. But today we first have to act.

I strongly support this bill, and I encourage Members of this House to do so as well.

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