A new poll out today shows that a majority of Americans think taxes are too high and support reforming the tax code. And here's one reason why:
Think about that sense of dread you feel around tax season. Really think about it. The long complicated forms. The endless deductions. The seven different tax brackets. The uncertainty. The IRS.
Now imagine filing your taxes on a form the size of a postcard. Imagine fewer, more simple deductions. And imagine three brackets instead of seven.
This is not the stuff of fairy tales. This will be the reality if we finally reform our broken tax code.
It’s something Speaker Ryan discussed in a major speech on tax reform to the National Association of Manufacturers.
“We will consolidate the existing seven brackets into three, double the standard deduction, and simplify things to the point that you can do your taxes on a form the size of a postcard. This, instead of the 1040 form. Wouldn’t that be nice? This is within our reach.”
For us, this is all about making it easier for individuals and families to file their taxes, and allowing hardworking Americans to keep more of their hard-earned paychecks.
Opportunities like this only come around once in a generation. So if we’re serious about growing this economy, lowering taxes, and simplifying the code, we can’t let this moment slip by. We need to get this done in 2017.
To learn more, visit speaker.gov or check out the links below: