Begrudgingly Celebrating the 30th Anniversary of the Tax Reform Act of 1996
Entrepreneurs and small businesses are being crushed by an outdated, confusing and counter-productive tax code. And businesses aren’t the only ones being squeezed. The United States has the highest business tax rate in the world, which is costing American families $3,000 per year in spending power.
Yet despite these challenges, last week marked a staggering 30 years since Congress last passed major tax reform.
Working together, the next president and Congress can deliver for America's taxpayers by simplifying the tax code and setting a fair business rate of no higher than 25 percent within the first 100 days.
With our two major parties holding conventions this month and setting agendas for the next four years, now is the perfect time for Americans of all political persuasions to come together and urge comprehensive tax reform.
Reforming our outdated tax code is a rare policy that maintains significant bipartisan support. Regardless of political affiliation, nearly all agree on one thing – Congress and the future President must enact comprehensive reform as soon as possible.
The Center for Individual Freedom has commissioned a cartoon depicting how badly the current code crushes businesses…
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