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.

Mar 17, 2017

Border Adjustment Tax Threatens American Manufacturers with Complexity, Disruptions to Supply Chain

United States manufacturing on its own would be the ninth biggest economy in the world. But the proposed Border Adjustment Tax (BAT) – which would impose a new 20 percent import tax on…

Read More

Mar 15, 2017

Fed Chair Undercuts Key Argument for Middle-Class Tax: “It’s very uncertain exactly what would happen to the dollar” with a border adjustment tax plan

Janet Yellen, Chair of the Federal Reserve, once again today raised doubts about claims that a proposed trillion-dollar Border Adjustment Tax (BAT) would increase the value of the dollar enough to…

Read More

Mar 14, 2017

Lawmaker Tracker: Split Deepens Over Trillion-Dollar Border Adjustment Tax On The Middle Class

Pro-growth, comprehensive tax reform is badly needed, but one major sticking point facing mounting opposition in the Senate is the Border Adjustment Tax (BAT), which is included in a tax reform…

Read More

Mar 09, 2017

Border Adjustment: Myth Vs. Fact

There are many components of pro-growth tax reform on which fiscal conservatives and free-market advocates can agree. Lowering rates across the board, broadening the base, and a simpler and flatter…

Read More

Mar 08, 2017

Sen. Flake on Tax Reform: “We ought to make sure that the middle class isn’t in the losing column”

President Trump promised Americans pro-growth tax reform, and with it much-needed lower rates for both businesses and the middle class. But, many could be in for more than they bargained…

Read More

Mar 03, 2017

Holtz-Eakin: Trillion-Dollar Tax on Consumers Is Unnecessary for Pro-Growth Tax Reform

Arlington, VA – Economist and “border adjustment” tax advocate Doug Holtz-Eakin today told CNBC that comprehensive tax reform to spur economic growth and investment “can happen with or without the adjustment at…

Read More

Mar 03, 2017

Congress Should Make Every Effort to Cut Spending – Not Raise Taxes on Consumers – to Make Tax Reform Possible

As the debate surrounding the trillion-dollar “border adjustment” tax on consumers and hardworking Americans continues, proponents of the measure insist that it is the only way to cut taxes for both…

Read More

Feb 21, 2017

Fed Chairwoman Casts Doubt On ‘Border Adjustment’ Tax Wishful Thinking

Pro-growth tax reform is on the way, GOP leaders maintain. But according to Senate Majority Whip John Cornyn (R-TX), the current House Republican proposal “is on life support.” Sen. Lindsey…

Read More

Feb 16, 2017

Tom Cotton Dismantles the Border Adjustment Tax

“Some ideas are so stupid, only an intellectual could believe them.” Senator Tom Cotton spoke yesterday night on the floor of the senate on his opposition to the border adjustment tax. He…

Read More

Feb 15, 2017

Jim Cramer on the “Regressive,” Trillion-Dollar Border Adjustment Tax on American consumers

Jim Cramer hits the nail on the head on the Border Adjustment Tax calling it a “regressive tax,” and that it will hurt people. Watch the full clip below…

Read More