TPA Supports The Pathway to Job Creation through a Simpler, Fairer Tax Code Act of 2012
07-31-2012 at 01:43 pm - David Williams - Posted in: Taxpayers Protection Alliance, Taxes, David Williams, Corporate tax, Rep. Dave Camp, Rep. David Dreier - 0 Comment

There is no denying that the federal tax code is complicated.  What many people don’t know is that real tax reform can be difficult as legislation gets bogged down in technical hurdles.  To address this problem, Rules Committee Chairman David Dreier (R-Calif.) and Ways and Means Committee Chairman Dave Camp (R-Mich.)  introduced The Pathway to Job Creation through a Simpler, Fairer Tax Code Act of 2012 (H.R. 6169), which will “provide a clear pathway to comprehensive tax reforms in 2013. By implementing expedited procedures, this bill will enable lawmakers in both the House and Senate to overcome multiple technical hurdles that often cause bills to languish during the legislative process. ‘The United States tax code is far too complex and bloated. It forces American citizens and small business owners to focus on filling out tax forms instead of tending to their families and businesses. It is clear to lawmakers on both sides of the aisle that real, fundamental reforms to our tax code are long overdue. In fact, our revenue laws have not been substantially reformed in 50 years,’ Chairman Dreier said.”  The Taxpayers Protection Alliance proudly supports this legislation.

Read full letter below:

July 31, 2012

The Honorable David Dreier
Committee on Rules
Washington, DC 20515

Dear Chairman Dreier,

The Taxpayers Protection Alliance (TPA) strongly supports The Pathway to Job Creation through a Simpler, Fairer Tax Code Act of 2012 (H.R. 6169).  This legislation is a common sense approach to providing a distinct pathway to comprehensive tax reforms next year.  Bills in Congress face many technical hurdles and often languish and never see the light of day.  In a weak economy it is critical that any tax reform, especially reducing the corporate tax rate be expedited and come to a floor vote as quickly as possible.

America was built on the ability to out-compete and out-innovate the rest of the world.  Now, both of these advantages are under threat with excessive taxation and tax compliance that fills volumes of books and billions of hours of tax preparation.   The corporate tax rate of 35 percent (the highest in the world) is an example of an outdated tax system and a burden this country can no longer bear. 

Combine the highest corporate tax rate with the $6 billion companies spend on tax compliance each year are unnecessary impediments to growth.  At a time of economic stagnation, America continues to maintain a tax code that discourages businesses from investing in the U.S.  While other countries have worked to lower their tax rates and attract investment, America has kept their tax rates the same, and global businesses have taken note. Over the last few years, the Department of Commerce has noted that foreign direct investment in the U.S. has dropped significantly from $328 billion in 2008 to $194 billion in 2010.

A common-sense way to address this program is to clean up the tax code and lower the rate. If America simplifies the code and broadens the base, we can lower the rate to better compete with our major trading partners. A more competitive rate will bring investment and jobs, back to the U.S. 

H.R. 6169, the Pathway to Job Creation through a Simpler, Fairer Tax Code Act of 2012, is a critical step in making the country more competitive and strengthening the economy.


David E. Williams

« back

No comments yet.

Leave a Comment

Select the Categorie(s) you want to subscribe to:

Recent Posts

Republicans May Finally Be Able To Slay ObamaCare With Tom Price Leading HHS
12/05/2016 at 07:16 am - David Williams

TPA Joins Coalition Urging Governor Rauner to Protect Illinois Taxpayers from a Nuclear Bailout
12/02/2016 at 07:27 am - Michi Iljazi

Sen. Lankford Continues Fighting for Taxpayers with Release of 2016 Wastebook
11/30/2016 at 06:35 am - Michi Iljazi

Lame Duck session is the Wrong Response to the Election
11/29/2016 at 07:49 am - David Williams

The Lame Duck Is No Time to Cripple Internet Commerce
11/28/2016 at 07:57 am - Steve DelBianco

TPA's 2016 Taxpayer Turkeys
11/23/2016 at 12:42 pm - David Williams and Michi Iljazi

Wasteful Military Spending Will Be Trump's First Big Test
11/22/2016 at 08:13 am - David Williams

TPA's 2016 Taxpayer Turkeys
11/21/2016 at 10:29 am - David Williams and Michi Iljazi

TPA Warns Congress Not to Lift the Ban on Earmarks
11/18/2016 at 07:59 am - Michi Iljazi

Sweetheart Deal With Agile Will Hurt Indiana Taxpayers and Consumers
11/16/2016 at 06:41 am - David Williams

Follow Us in Facebook Follow Us in Twitter Youtube Facebook Twitter Youtube