Aug 03, 2017
Sen. Donnelly’s Call for Bipartisan Tax Reform
Post by Freedom Partners
It’s no secret our tax code is a complicated mess. Our current system rewards special interests who have the resources to hire lobbyists to get carve outs and loopholes added each year. Handouts and tax breaks are expected to exceed $1.5 trillion this year, creating a two-tiered system where the well-connected benefit at the expense of everyday American families.
American businesses are struggling, too. The high corporate tax rate puts companies at a huge disadvantage in today’s global economy, encouraging them to move jobs overseas.
Over 70 percent of Americans think the economy is rigged, and they’re right. Thankfully, Congress has the chance to un-rig the economy and implement comprehensive tax reform that creates a simplified, more efficient, equitable and predictable tax code – without placing new burdens on taxpayers.
Indiana Senator Joe Donnelly should be excited about this opportunity—he’s been calling for tax reform for years. In 2014, he signed onto a letter advocating for “comprehensive tax reform” to fix an “antiquated tax code.”
Like Freedom Partners, Donnelly has urged Congress to “close unnecessary tax loopholes” and level the playing field for American families and businesses.
This year, Donnelly has been calling for some of the same reforms Freedom Partners supports. “Hoosiers deserve a tax code that is fair, efficient, and encourages businesses to invest here at home,” his website reads.
Donnelly says he will “work with members on both sides of the aisle to develop a tax code that is fair and encourages economic growth.” Now’s his chance to make good on that promise and un-rig the American economy.
Click here to learn more about our tax reform vision.
Over the coming weeks, Freedom Partners is highlighting remarks from key senators who have – in their own words – long-advocated for overhauling the U.S. Tax code to grow the economy, lower tax rates, close loopholes and special interest tax breaks, and encourage American businesses to compete globally.