Columns

A Better Way for Tax Reform

f t # e
Washington, August 5, 2016 | Beth Breeding (2022255431) | comments
When it comes to the current tax system, the list of complaints is far from short – you can probably tick off a few right now. From the lengthy, overly complex tax code to the arcane, bureaucratic operations of the Internal Revenue Service (IRS), the United States is in need of a new system. There is a better way for tax reform, and it starts with focusing on a tax code and IRS that works for us, not against us. We need a tax code that we can understand and an IRS that taxpayers can actually trust.

The “A Better Way” agenda put forth by House Republicans focuses on tax reform as one of the key components in getting America back on track. The blueprint for tax reform, which can be found online at better.gop, calls for a new tax code. The Tax Code Termination Act, my bipartisan legislation to scrap the tax code and start from scratch, is mentioned in the blueprint by name as a way to help compel Congress to deliver pro-growth tax reform to the American people.

There is still a great deal of debate to be had on the details of a new tax code, but it is certain that it must be simpler, fairer, and flatter. Our tax reform blueprint aims to make tax filing so simple that you could do your income taxes on a form as small as a postcard. The plan calls for measures like the repeal of the death tax, an end to penalizing folks for saving and investing, and whittling down the tax system to create just three tax brackets. Under this blueprint, the new tax code would make it easier for businesses to create jobs, expand the American economy, and, most importantly, keep these businesses and jobs in America, instead of shipping them oversees.

Finally, the blueprint focuses on a service-first IRS. Instead of scandals and breaches of trust, our blueprint focuses on constructing an agency that is accountable to the taxpayers and efficiently administers tax laws. Specifically, the new IRS would be broken down into three units. One unit would serve families and individuals, a second would focus on businesses of all sizes, and the third would be an independent “small claims court” to help taxpayers quickly resolve routine tax disputes.

With the “A Better Way” agenda, the long overdue conversation on tax reform is now underway. I am encouraged that the Tax Code Termination Act is gaining momentum as a way to move tax reform forward, and I will continue working to see it enacted. There is no time like the present to act. As we look to the future of our nation, today’s tax system needs to become a thing of the past.
f t # e