[Congressional Record Volume 156, Number 71 (Wednesday, May 12, 2010)]
[House]
[Pages H3423-H3424]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
BREAKING THE BARRIERS OF AN UNFAIR TAX CODE
The SPEAKER pro tempore. Under a previous order of the House, the
gentlewoman from Florida (Ms. Ros-Lehtinen) is recognized for 5
minutes.
Ms. ROS-LEHTINEN. Mr. Speaker, last month most Americans filled out
what is probably the most complicated and lengthy Federal income tax
return in our history. Most everyone agrees that our Nation's tax
system is totally flawed and in need of considerable reform. The Tax
Code is so complex that more than 80 percent of individual taxpayers
either use an accountant or a computer-based program to prepare their
tax returns.
The IRS estimates that Americans spend 6.6 billion hours and $194
billion each year to comply with a Tax Code that has far too many
complicated provisions which require special paperwork and detailed
record keeping.
[[Page H3424]]
Our Tax Code has become more and more a complex, burdensome, and
expensive drag on the economy which we can ill afford in the middle of
a severe economic downturn. It also harms America's businesses' ability
to compete in the global marketplace by discouraging saving, by
discouraging investing, by discouraging risk taking.
American workers are now asked to work for 3 full months to pay for
their annual Federal, State, and local taxes. It is totally
unacceptable to require already-stressed families to give up at least a
quarter of their income to prop up an expanding Federal bureaucracy
while everyone else is making significant sacrifices.
Instead of searching for a way to provide tax relief to American
households, some administration officials have proposed new tax schemes
that will further burden small businesses and consumers. One of the
worst of these is the European-style value-added tax, VAT, which would
levy a complicated tax at each stage of manufacturing, thereby adding a
hidden cost to the finished product. This is damaging not only to the
consumer, but also to many industries involved in manufacturing which
have been hard hit during this recession.
Instead of adding new taxes, Congress should be focused on reforming
the current tax structure.
I join many of my colleagues in the House who have asked the chairman
of the House Ways and Means Committee, the gentleman from Michigan (Mr.
Levin), to schedule hearings on Tax Code simplification. The last major
reform of the Tax Code took place almost a quarter century ago in 1986,
and while far from perfect, helped reduce the harm inflicted on the
economy in many ways.
The guiding principles of the 1986 reform were that it must not
increase the total tax burden, while lowering individual and corporate
income tax rates.
Tax reform must not be used as a subterfuge for increasing taxes, as
it needlessly complicates an already difficult issue with controversial
questions about whether the combined tax burden should be higher or
lower.
Mr. Speaker, businesses and families need a stable and uncomplicated
Tax Code. Businesses need to know how high their taxes will be in
future years to make decisions now about hiring and expanding. Families
need to know how high their taxes will be before they make decisions
about large expenditures. A constantly changing Tax Code makes it
difficult for businesses and families to make these decisions.
The Tax Code has become sufficiently complex and harmful that a major
rewrite is in order, and if Congress passes tax reform, it should
consider making a commitment to keep the reformed Tax Code in place for
as many years as possible.
Congress must remember the sacrifices made by all of America's
families. The American people need action that will break the barriers
of an unfair and complicated tax system, and Congress must respond
because the future health of the U.S. economy demands it.
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