Taxpayers Protection Alliance Praises Joint Statement on Tax Reform
WASHINGTON, D.C. – Today, the Taxpayers Protection Alliance (TPA) reacted to the Joint Statement on Tax Reform released by leaders in the White House, Senate, and House of Representatives. The Statement signals House Speaker Paul Ryan (R-WI) and Senate Majority Leader Mitch McConnell's (R-KY) willingness to move ahead on comprehensive tax reform, including lowering rates and reducing the number of brackets, while eschewing the Border-Adjustment Tax (BAT).
TPA President David Williams praised the Joint Statement, lauding the White House and lawmakers for, "taking a necessary step toward a pro-growth tax code that will transform the American economy." Williams noted that the removal of the BAT from Congress's tax reform agenda will, "make life easier for consumers, who would've seen retail costs rise precipitously from the proposed tax." He added that, "the provision’s inclusion threatened the promise and viability of comprehensive tax reform."
Williams concluded by stressing the urgency of a complete overhaul of the tax code:
"For decades, sky-high tax rates and complicated rules have held back prosperity in the United States. Now, lawmakers have the historic opportunity to push forward an agenda that creates prosperity and releases businesses and families from a federal stranglehold."