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Entrepreneurs and small businesses are being crushed by an outdated, confusing and counter-productive tax code.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.
"You never want a serious crisis to go to waste. And what I mean by that is an opportunity to do things you think you could not do before."
So said Rahm Emanuel, Barack Obama's Chief of Staff, in February 2009.
In so doing, Emanuel signaled an Obama Administration modus operandi of exploiting tragedies for partisan gain that has not abated in nearly eight years since.
This week's massacre in Orlando, Florida by a deranged ISIS-inspired terrorist merely offered the latest tawdry example.
In his Sunday response before the dead had even been identified (but…
"With the news that Obamacare premiums will go up by an average of 22 percent next year, the Democrats and their media cheerleaders have engaged in Olympic-caliber hand-waving and misdirection, anything to avoid admitting the obvious: that the program is poorly designed, incompetently executed, and based on false assumptions about what actually ails the U.S. health-care system. The case for replacing…[more]