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Thursday, March 3, 2011

postheadericon Examining the inefficiencies of U.S. tax code

Sen. Orrin Hatch (R-Utah), ranking member of the Senate Finance Committee, gave these remarks from a committee hearing Tuesday examining how changes to the Tax Reform Act of 1986 have affected the tax code.

Mr. Chairman, thank you for calling this hearing.

At the start, I want everyone to know how much I appreciate the bipartisan spirit with which you are starting the tax reform process. You and your staff have indicated a great willingness to put in the time and energy. You and your staff, along with those on this side, will ask the tough questions about our current tax system. The notion is that we’re not going to simply be treating the tax system as a big ugly piñata. 

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