TAX CODE REFORM: MISSION POSSIBLE?
I have sent the following letter to several online and print news outlet editors.
Fixing our outdated, loophole-laden, job-killing tax code is long overdue. If we don’t pass tax reform now, we may be stuck with this economy-killing tax code for years, which would be devastating for many reasons:
Those in high-tax states are concerned about losing SALT (state and local tax) deductions. But really, why should low-tax states underwrite high-tax states? We in high-tax states should hold our state officials accountable. An overall improvement in the national economy will help all Americans, even those in high-tax states.
- The tax code is overly-complicated, a time-waster, and a drain on the economy.
- Americans want a flatter tax code with fewer brackets; simpler, with less need to employ accountants.
- The current tax code reduces opportunity and wages.
- Most Americans favor tax reform that moves our nation forward.
- The proposed tax reform will make this country more attractive to businesses.
- The House tax bill addresses many serious tax code problems, including high tax rates for corporations, and incentives for businesses to move abroad.