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Wednesday, April 18, 2012

postheadericon Washington needs to reform the tax code, not raise taxes

Tuesday marked Tax Day and, coincidentally, Tax Freedom Day - meaning that it has taken from January 1 until now for Americans to earn enough money to pay this year’s federal, state, and local tax bill â€" 29.2% of all our income. We need to put a stop to the government’s overreach into hardworking taxpayers’ wallets.

One way we can stop the government tax overreach is by fixing the broken tax system. I support simplifying our tax code and closing loopholes that amount to spending in the tax code. However, let me be clear â€" I do not think this government has a taxing problem â€" it has a spending problem.

I believe we should make tax cuts permanent for all Americans. Since coming to Congress, I voted to extend tax cuts, and I joined a number of my colleagues in Congress on several occasions asking that Washington refrain from raising taxes. I will continue to work with them to try to achieve tax reform that will permanently lower rates on ind! ividuals and spur economic growth.

In The Path to Prosperity, House Republicans spur economic growth with bold tax reform â€" eliminating complexity for individuals and families and boosting competitiveness for American job creators. The blueprint simplifies the tax code by consolidating the current six individual income tax brackets into just two brackets of 10 percent and 25 percent. This budget also rejects raising taxes on hard-working Americans.

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