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Press Room Coalition Urges Congress to Act on Comprehensive Tax Reform
| Coalition Urges Congress to Act on Comprehensive Tax Reform |
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| Wednesday, July 09 2014 |
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In a letter sent this week to the leaders of the Senate Finance and House Way and Means Committees, the Center for Individual Freedom ("CFIF") joined with more than a dozen other national organizations in urging Congress to pass comprehensive tax reform that focuses on simplicity and lower rates. The letter was organized by the Taxpayers Protection Alliance. Read the letter below or download it here (.pdf). ---------------------------------------------------------------------------------------------------------------------------------------- July 8, 2014 Dear Chairmen Camp and Wyden and Ranking Members Levin and Hatch: The undersigned groups, representing millions of taxpayers, write to express our support for efforts to modernize and reform our tax code. Our nation's outdated and broken tax code is unfair to America’s business owners – hindering their ability to invest and compete. Businesses of all sizes need meaningful tax reform, with simplified rules and significantly lower rates, to unleash their ability to grow and hire. Congress conducted its last major overhaul of our tax code in 1986. Since then, America has stood in place while other nations have been aggressively modernizing their business tax codes and lowering their rates so that they can better compete on the international stage. The average rate for industrialized nations is now 25 percent, while the United States currently sits at 39.1 percent (combined 35 percent federal rate and average state rate). This disparity in tax rates is causing real harm to our economy and the time for action is now. While your respective committees continue to work on comprehensive tax reform efforts, we strongly caution against the urge to take action on short-term fixes aimed at individual symptoms, rather than the entirety of the tax code. We are specifically concerned about proposals that seek to make changes to our tax laws as a means to pay for projects that are totally unrelated to tax reform. Attempts like these are a step in the wrong direction. Their passage will do nothing to help America’s job creators. In fact, it will make it even more difficult to achieve true tax reform. Our organizations encourage you to stay focused on the task of achieving comprehensive tax reform that focuses on simplicity and lower rates, so that we realize the economic growth and job creation that will come as a result. Sincerely, David Williams, President, Taxpayers Protection Alliance |
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