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Entrepreneurs and small businesses are being crushed by an outdated, confusing and counter-productive tax code.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.
Take CFIF's 13 Question Independence Day Quiz to test your knowledge of American history and civics.
(Answer key may be found at the bottom)
1. Americans celebrate the Fourth of July for which one of the following reasons?
a. It marks mid-summer vacation
b. It is the day America declared her independence
c. It marks the day the Revolutionary War ended
d. It is an international day celebrating peace and goodwill
2. From which one of the following did the American colonies declare their independence in 1776?
"From start to finish, it is obvious that the FBI gave Clinton special treatment. The failure to empanel a grand jury and issue subpoenas, the granting of five immunity deals to her aides, and the agreement to destroy potential evidence all lead to the conclusion that Comey bent the rules to make sure Clinton was cleared. Rabid Clinton supporters comfort themselves by insisting that those who do not…[more]