by Just An American | June 27, 2016 10:43 am
While Democrats were throwing their fit on the floor, House Republicans introduced a new bill, and guess what? It’s all for simplifying the tax code. Some are saying it’s a great effort, but no use – why? Well, because it’s going to be shot down by the Senate and if by some tiny chance it isn’t…Obama will step in and squash it. Bad president…
From Young Conservatives:
On Friday, House Republicans introduced a tax reform plan that would simplify the tax code in such a way that it would fit on a postcard.
“For years, hard working American taxpayers have asked Washington for a tax code so simple and fair and understandable that it could fit on a postcard,” said Rep. Kevin Brady, chairman of the House Ways and Means Committee. “That is exactly what we propose.”
The plan includes other reforms, such as repealing the death tax, cutting taxes on small businesses to 25 percent and cutting taxes on saving and investment, according to the Washington Free Beacon.
Brady also said that with the new bill would end penalties in the current tax code that often force American companies to move their “jobs, technologies, and headquarters overseas.”
“No longer will we be the only major country that still taxes its own exports. No longer will American products lose out to foreign competitors, simply because they’re proudly stamped ‘Made in America,’” the Texas Republican added.
Additionally, the proposal would stop overtaxing American-made goods and would provide a tax-free return on business investments.
Sounds like a GREAT plan! Would be a huge relief to the people, which means, Obama will definitely be throwing his weight around to stop it. It’s what he does…
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