[Congressional Record Volume 143, Number 41 (Wednesday, April 9, 1997)]
[House]
[Page H1344]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
WE NEED A TAX SYSTEM WHICH IS FAIR AND SIMPLE
(Mr. HEFLEY asked and was given permission to address the House for 1
minute.)
Mr. HEFLEY. Mr. Speaker, I have a problem, and my problem is I cannot
decide which foolish, counterproductive, unfair tax I hate the most. I
do not like the capital gains tax because it hurts economic growth and
it kills job creation. I do not like the death tax because it takes
one's life work, the fruit of a lifetime of labor and tells the
grieving, ``Pay up now, and if you can't afford to, I'm closing up the
family business.'' I do not like business taxes because it takes the
taxes twice, and like the capital gains tax, it means fewer jobs for
the people who need them most.
But perhaps the most odious, offensive and outrageously unfair part
of the Tax Code is the personal income tax. The burden is too heavy,
the loopholes are too pervasive, and the complexity is simply
overwhelming.
When we look at the set of volumes that compromise the Federal Tax
Code, 36,000 pages at last count, we cannot help but think who designed
this thing? It is time to get a grip, junk the Tax Code, start all
over, cut tax rates and pass a tax system which is both simple and
fair.
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