News Blog for social, fiscal & national security conservatives who believe in God, family & the USA. Upholding the rights granted by God & guaranteed by the U.S. Constitution, traditional family values, "republican" principles / ideals, transparent & limited "smaller" government, free markets, lower taxes, due process of law, liberty & individual freedom. Content approval rests with the ARRA News Service Editor. Opinions are those of the authors. While varied positions are reported, beliefs & principles remain fixed. No revenue is generated for or by this "Blog" - no paid ads - no payments for articles.Fair Use Doctrine is posted & used. Blogger/Editor/Founder: Bill Smith, Ph.D. [aka: OzarkGuru & 2010 AFP National Blogger of the Year] Contact: editor@arranewsservice.com (Pub. Since July, 2006)Home PageFollow @arra
One of the penalties for refusing to participate in politics
is that you end up being governed by your inferiors. -- Plato
(429-347 BC)
Thursday, September 14, 2017
Tax Reform ‘Imperative’
Editor: How about the Fairtax?
Taxpayer Advocate: ‘Simplify The Internal Revenue Code Now’
SEN. MITCH McCONNELL (R-KY):“It’s been more than 30 years since we last passed comprehensive tax reform legislation, and since then, the international economy has only grown more competitive. That’s why it’s imperative that we do what we can to modernize our tax structure as we also better-prepare America’s workforce for the many challenges and the global competition that face us in today’s economy.” (Sen. McConnell, Floor Remarks, 6/13/2017)
SEN. HATCH: ‘Our Tax Code Is A Huge Obstacle Standing Between Us And Continued Prosperity’
SEN. ORRIN HATCH (R-UT): “Our tax code is a huge obstacle standing between us and continued prosperity. The costs of compliance alone are staggering. And, those costs are nothing compared to the economic distortions created by a tax system that, far too often, picks winners and losers. I believe this is true of both the individual tax system as well as the business tax system. That is why I have repeatedly called for a comprehensive approach that fixes the tax code for individuals and families as well as corporations and small businesses.” (“Comprehensive Tax Reform For 2015 And Beyond,” P.iv, 12/2014)
HATCH: “We need a tax system that achieves the goals of fairness, efficiency and simplicity – not for an economy in 1913 or even 1986 – but rather for the global economy of 201[7] and beyond.”(“Comprehensive Tax Reform For 2015 And Beyond,” P.17, 12/2014)
America In 1986 Was Vastly Different Than Today’s America
TAS: “A simpler, more transparent tax code will substantially reduce the estimated six billion hours and $195 billion that taxpayers spend on income tax return preparation; reduce the disparity in tax liabilities between sophisticated or well advised taxpayers and other taxpayers; enable taxpayers to understand how their tax liabilities are computed and prepare their own returns; improve taxpayer morale and tax compliance, including the level of connection that taxpayers feel with the government; and enable the IRS to administer the tax system more effectively and better meet taxpayer needs.” (U.S. Taxpayer Advocate Service, “2016 Annual Report To Congress: TAX REFORM: Simplify the Internal Revenue Code Now,” P.324, 2016)
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