Tax Reform

The U.S. tax code is quite simply anti-competitive and anti-growth.

For example, America has the highest business tax rate in the developed world. This encourages businesses to expand anywhere but here. And thanks to a system of unnecessary carve outs, credits and tax subsidies, the U.S. tax code encourages companies to spend resources looking for special loopholes and benefits, rather than investing in and growing their businesses.

It’s little wonder high tax rates and high compliance costs are now the number one economic concern for small businesses.

Meanwhile, individuals and families are forced to deal with an incomprehensible tax code that costs time and money to navigate. Tax preparation costs more than $230 billion each year.

Ultimately, the broken tax code limits opportunities for Americans who want nothing more than to achieve success. Elected leaders need to pass tax reform that ends distortive tax credits, simplifies compliance and dramatically lowers individual and business tax rates—giving more people a better shot at a brighter and more secure future.


May 30, 2018

2018 Q1: Economy Grew At A 2.2 Percent Rate; Business Investment Growth Largest Since 2014

This morning, the U.S. Department of Commerce released its second estimate of gross domestic product (GDP) for the first quarter of 2018, announcing that the U.S. economy expanded at an…

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May 16, 2018

Tax Reform is Working: Growing Our Economy & Creating Jobs

This morning, lawmakers on the House Ways and Means Committee are scheduled to review their early impressions of the new Tax Cuts and Jobs Act. As they begin their hearing, it’s…

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Apr 27, 2018

2018 Q1: Economy Grew At A 2.3 Percent Rate; Strongest 9-Month Growth In A Decade

This morning, the U.S. Department of Commerce released its first estimate of gross domestic product (GDP) for the first quarter of 2018, announcing that the U.S. economy expanded at an…

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Apr 24, 2018

Tax Reform is Working for Middle-Class Americans

Today, the Senate Committee on Finance is scheduled to review their early impressions on the new Tax Cuts and Jobs Act. As they begin their hearing this afternoon, it’s worth reflecting…

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