The U.S. tax code today is convoluted, complex and unfair to the American people. Congress must unify around a strong vision for tax reform rooted in a sincere commitment to bettering the lives of every American. Our positive vision for tax reform involves five principles to guide lawmakers in this effort. The first principle is simplicity. Problematic Tax Rates: America has the highest corporate statutory rates in the developed world. High tax rates hurt both American workers and consumers by stifling economic growth and discouraging business investments. This has led…
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Thirty years after the last major change to our tax code took place, Congress is considering tax reform—including a giant new consumer tax that would put millions of jobs at risk and force Americans to pay more for almost everything. Under the BAT consumer tax, a 20 percent levy would be imposed on all goods…
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