Tax Reform: Simpler, Fairer, Flatter

The current tax code is outdated and overcomplicated.

America First Policies believes the current tax code is outdated, overcomplicated, and burdensome on American taxpayers. It’s time to simplify the tax code and the overwhelming process of filing taxes. It’s also time to enact tax relief for middle-class families and businesses, so we can unleash economic growth, create jobs, make businesses more competitive, and bring back trillions in corporate dollars held overseas.

The Facts:

Background:

“The Case for Responsible Business Tax Reform,” A Report by the U.S Department of the Treasury’s Office of Tax Policy, January 2017, https://www.treasury.gov/resource-center/tax-policy/Documents/Report-Responsible-Business-Tax-Reform-2017.pdf

Mark P. Keightley, “An Overview of Recent Tax Reform Proposals,” Congressional Research Service, February 28, 2017, https://fas.org/sgp/crs/misc/R44771.pdf

George R. Crowley, “Case Studies in the Political Economy of Tax Reform,” Mercatus Center, May 2016, https://www.mercatus.org/system/files/Crowley-Tax-Reform-Case-Studies-v1.pdf

“Tax Complexity, Compliance, and Administration: The Merits of Simplification in Tax Reform,” U.S. Senate Committee on Finance, Full Committee Hearing, March 10, 2015, https://www.finance.senate.gov/hearings/tax-complexity-compliance-and-administration-the-merits-of-simplification-in-tax-reform

Read More:

Chris Edwards, “Our Tax Code Is Crippling America,” TIME, April 11, 2016, http://time.com/4286921/complex-tax-code/   

Scott A. Hodge, “The Compliance Costs of IRS Regulations,” Tax Foundation, June 15, 2016, https://taxfoundation.org/compliance-costs-irs-regulations 

 

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