Tax Reform 2015 Updates
The American Taxpayer wants tax reform and we’ll publish updates on what going on inside the Senate Committee on Finance. See our post on the newly formed bipartisan Tax Working Groups. To read more on the Committee Chair News Releases on the Working Groups.
On January 15, five bipartisan groups were launched to analyze challenges of Tax Code, develop policy recommendations for comprehensive Tax Reform. The groups will analyze current tax law and examine policy trade-offs and available reform options within the group’s designated topic areas. Each group will be co-chaired by one Republican and one Democrat member.
“Republicans and Democrats agree the American tax system is too complicated, unfair, and is hurting economic growth,” said Hatch. “With the launch of these working groups, members will have an opportunity to thoroughly examine the code and put forward smart ideas that will help lay the groundwork for a bipartisan tax overhaul that will provide bigger paychecks, better jobs, and more opportunity for all Americans. I look forward to working with my colleagues on both sides of the aisle as we take on this challenge during the 114th Congress.”
“We can all agree that that our broken tax code must be fixed in a way that makes it work for, not against, our country and economy. We need a simple and fair system that helps both typical Americans and business alike,” said Wyden. “A lot of hard work has been done in recent years on tax reform creating a strong foundation to build upon. We now have a window of opportunity to make a run at modernizing our tax code and it’s time to come together and deliver. It’s going to involve a lot of hard work and compromise and I’m hopeful this bipartisan effort will move us in that direction.”
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