America Needs Tax Reform Now!

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Fixing our outdated, loophole-laden, job-killing tax code is long overdue.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: 

1. The tax code is overly-complicated, a time-waster, and a drain on the economy.
2. Americans want a flatter tax code with fewer brackets; simpler, with less need to employ accountants.
3. The current tax code reduces opportunity and wages.
4. Most Americans favor tax reform that moves our nation forward.
5. The proposed tax reform will make this country more attractive to businesses.
6. The House tax bill addresses many serious tax code problems, including high tax rates for corporations, and incentives for businesses to move abroad.

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.  

Let's hope the House passes a working tax reform quickly next week, and that the Senate will pass it when they return.