House Republicans have introduced a tax reform plan that aims to simplify the tax code in a way that it would fit on a postcard. Kevin Brady, chairman of the House of Ways and Means Committee said:
“For years, hardworking American taxpayers have asked Washington for a tax code so simple and fair and understandable that it could fit on a postcard. That is exactly what we propose.”
According to the Washington Free Beacon , the plan includes other reforms as well, such as repealing the death tax, cutting taxes of saving and investment, and cutting taxes on small businesses to 25 percent. Brady also claimed that the new bill will be ending penalties in the current tax code which often forces an American company to move its ‘jobs, technologies and headquarters abroad.” The bill would also restructure the IRS. He added:
“No longer will we be the only major country that still taxes its own exports. No longer will American products lose out to foreign competitors, simply because they’re proudly stamped ‘Made in America’. A simpler, fairer tax code demands a simpler, fairer tax collector. We will bust up the IRS as it is today, redesigning it into three smaller, more focused units to serve businesses to provide state of the art taxpayer service for families and individuals and quickly and affordably resolving tax disputes.”
Finally there is a plan to get excited about. However this also means that liberals everywhere will do everything in their power to try and kill it. Do you like the idea of our tax code being made simple? Share this story and tell us what you think.