Texas Insider Report: WASHINGTON D.C. Ways and Means Republicans are committed to making pro-growth tax reform a reality in 2017. Last year as part of Speaker Ryans Better Way" agenda we released a detailed Blueprint for bold pro-growth tax reform. Now we are moving forward aggressively to turn the ideas of our Blueprint into comprehensive tax reform legislation that lowers tax rates closes special interest loopholes empowers families and small businesses and unleashes job creation across the country.
By focusing on three crucial goals growth simplicity and service we will deliver the 21st century tax code that Americans deserve. Heres how our bold plan for tax reform will benefit families and job creators nationwide:
Growth
Our Blueprint takes
historic action to deliver a 21st century American tax code that is built for growth the growth of families paychecks the growth of local businesses and the growth of our economy as a whole. These innovative reforms include:
According to an
analysis by the Tax Foundation our Blueprint would boost U.S. gross domestic product by over 9 in the first decade. That means a gain to our economy of $2 trillion or $6000 per person. Additionally the Tax Foundation estimates that our Blueprint will significantly raise wages for American workers and create nearly 2 million full-time jobs in the United States.
Simplicity
Perhaps the most frustrating part of our nations broken tax code is that it forces Americans to spend countless hours and dollars each year just to file their taxes. Our bold plan for tax reform brings this nightmare to an end by delivering
unprecedented simplicity for taxpayers. In fact come Tax Day the tax code would be so simple that a vast majority of individuals and families could file their taxes on a form as straightforward as a postcard:
By eliminating the maze of special interest provisions that increase confusion and keep rates artificially high for all taxpayers our Blueprint makes the tax code dramatically simpler and fairer while also taking less money from families and job creators. On top of this we make it easier and more rewarding for families to save invest and plan for the future. Thats great for families and its great for our economy as a whole.
Service
Ways and Means Republicans know that a simpler fairer tax code demands a simpler fairer tax collector. Thats why our Blueprint busts up the Internal Revenue Service (IRS) and redesigns it into an agency with a singular mission
Service First. Instead of the unresponsive and unaccountable agency that exists today the 21st century IRS will be streamlined and centered around three distinct service units. Each will be trained to provide top-quality customer service to individuals families and small businesses. In addition our Blueprint imposes new checks on the authority of the IRS Commissioner. This will prevent entrenched bureaucrats from abusing their position their power and most importantly the rights of American taxpayers.
By focusing on growth simplicity and service our bold Blueprint for tax reform takes historic action to expand our economy and empower workers families and job creators nationwide. This is the kind of tax code Americans deserve and Ways and Means Republicans are pushing full steam ahead to deliver it in 2017.
CLICK HERE to learn more about our Blueprint for a 21st century tax code that is built for growth.
