GOP Tax Framework a “Serious, Thoughtful Path to Revamping a Broken Tax Code”
WASHINGTON – Congressman Patrick Meehan (R-Pa) today issued the following statement on today’s rollout of the unified Republican tax reform framework. Meehan is a member of the House Ways and Means Committee, the House’s chief tax-writing body, and has played a key role in tax reform discussions and negotiations over the last year.
“Our tax code is a mess,” said Congressman Meehan. “It’s riddled with overlapping and conflicting provisions that leave taxpayers frustrated and confused. Its rates are too high, and too many loopholes enable the elites to avoid them. It’s holding us back in the modern economy. Too much of a middle class family’s paycheck is going to Washington. A top-to-bottom rewrite is long overdue.”
“The tax reform framework released today is the work of months of effort. It will be a shot in the arm for job growth. It will help our workers and our businesses compete and win in the global marketplace. It unwinds the web of carve-outs and special interest loopholes. And it cuts taxes on small businesses, the drivers of our economy, empowering them to invest and hire.
“We lower the rates families pay, and we reduce the number of brackets by more than half. Enhancing the child tax credit puts more money into the pockets of working families. For some, it will be the difference between getting ahead or falling behind. We reduce the tax burden for many and enable more taxpayers to file with far less paperwork. All of these changes will mean Americans will keep more of what they earn – and paying what they owe will be less of a headache.”
“There’s still a lot of work to do,” Meehan continued. “Like the product of any compromise, it isn’t perfect. There are ways we can improve it, and I think we will. This isn’t reform for reform’s sake – it has the potential to improve the lives of millions of American families. We need to get it right. The framework released today is a serious, thoughtful path to revamping a broken tax code. I’m looking forward to working alongside Chairman Brady and my colleagues on the Ways and Means Committee to get big things done for American taxpayers.”