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.


Jun 22, 2017

FACT CHECK: No, American Competitiveness Does Not Hinge On Passing A Trillion Dollar Tax On Imports

Rep. Kevin Brady (R-TX), chairman of the House Ways and Means Committee, maintains that passing a 20-percent Border Adjustment Tax (BAT) on imported goods is needed to make U.S…

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Jun 21, 2017

Time For House Leaders To Accept That ‘The Border Adjustment Tax Is Really Dead’

Congress is committed to a bold, comprehensive tax reform package in 2017, House Speaker Paul Ryan affirmed in an address held at the National Association of Manufacturers conference. The Speaker’s positive…

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Jun 20, 2017

For A Thriving And Competitive U.S. Manufacturing Sector, Drop The Divisive Border Adjustment Tax And Unify Americans Around Reform

Arlington, VA — House Speaker Paul Ryan today spoke at the National Association of Manufacturers annual summit where he reaffirmed Congress’ commitment to a bold, comprehensive tax reform package in 2017. A recent…

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Jun 19, 2017

BAT Tax Primary ‘Stumbling Block’ Dividing Lawmakers On Tax Reform

Tax reform is “not a fine wine, it doesn’t improve with time,” Freedom Caucus chairman Rep. Mark Meadows (R-NC) told CNBC. That’s why it’s so important that House…

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Jun 14, 2017

House Leaders Shouldn’t Make The Harmful BAT Tax Even Worse

Just when Congress had the opportunity to move past the proposed 20-percent Border Adjustment Tax (BAT) on imports standing in the way of comprehensive tax reform, Ways and Means Committee chairman…

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Jun 13, 2017

Phasing In A Trillion-Dollar Tax On Consumers Won’t Make It Less Harmful

Arlington, VA — House Ways and Means Committee Chairman Kevin Brady (R-TX) announced today that the proposed 20-percent Border Adjustment Tax (BAT) on imported goods could be altered to include a…

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Jun 13, 2017

Tax Reform Should Be A Boon For The Auto Industry, Not A ‘Serious’ Blow

Auto industry representatives are headed to the White House this week to meet on the topic of tax reform with White House National Economic Council Director Gary Cohn. A key provision industry…

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Jun 12, 2017

Taxpayers Don’t Need Any New Burdens Under Tax Reform

Several leaders of the fiscal conservative House Freedom Caucus are urging House GOP leaders to drop the proposed 20-percent Border Adjustment Tax (BAT) on imports. According to the lawmakers, the trillion…

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Jun 09, 2017

Roll Call: Alleged BAT Modifications Likely “Too Little, Too Late”

A crucial moment of the recent House Ways and Means Committee hearing on the 20-percent Border Adjustment Tax (BAT) on imports was when hearing witnesses could not guarantee that American consumers…

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Jun 09, 2017

Yes, the Border Adjustment Tax Is Jeopardizing Tax Reform — It’s Time to Let It Go

The proposed 20-percent tax on imported goods would hurt businesses and consumers — and we all know it. But proponents of the tax still believe it will be part of tax reform…

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