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Entrepreneurs and small businesses are being crushed by an outdated, confusing and counter-productive tax code.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.
These days, there's been a lot of discussion about conservative media's culpability in creating unrealistic expectations and warped priorities among Republican voters. It's a reasonable critique. My question: When are we going to have this conversation about the other side — you know, the one that enabled the passage of a massive partisan health care reform law that's failed to deliver on almost all its promises?
No doubt, you'll remember all those romantic charts and stories from the liberal smart set predicting Obamacare's affordability and success. Remember the jeering aimed at conservatives…
"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]