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Blueprint from Chairman Brady Gives Needed Momentum on Tax Reform
06/24/2016 at 09:34 am - Michi Iljazi

House Ways and Means Chairman Kevin Brady (R-Texas)

Comprehensive tax reform is long overdue.  In fact, the last time there was comprehensive tax reform (1986) Ferris Bueller's Day Off was the number one movie in the United States.  Tax reform is not only long overdue, but it is also an important component to jump starting the economy. A terrible jobs report, rising costs, stagnant wages for working families, and a Congress that seems to be paralyzed with inaction much of the year give credence to the message that elected officials need to come together and fix the broken tax code. There is a plan to fix to tax code.  House Speaker Paul Ryan (R-Wisc.) and House Ways and Means Committee Chairman Kevin Brady (R-Texas) unveiled a tax reform blueprint (click here) that will serve as the platform for a meaningful conversation on tax reform. The goal is to get the ideas for how tax reform can be done in Congress on the table, and keep the discussions going this year.  And then, in 2017, lawmakers can put a real, bipartisan plan together that the House and Senate can send to the White House. Some of the important components of the tax reform blueprint include: a fairer and simpler code for individuals and small businesses, lowering the corporate tax rate, and repealing the Death Tax.

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