[Congressional Record Volume 161, Number 52 (Monday, April 13, 2015)]
[House]
[Page H2118]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
TIME TO SIMPLIFY THE TAX CODE
(Ms. FOXX asked and was given permission to address the House for 1
minute.)
Ms. FOXX. Mr. Speaker, we are only 2 days away from April 15, also
known as tax day. It is a day that we all dread every year.
Between mountains of paperwork, complicated codes, and the fear of
fines, paying taxes every year is a huge burden for hard-working
Americans. In fact, U.S. taxpayers and businesses spend about 7.6
billion hours a year complying with the filing requirements of the IRS.
But if you listen to the political discussion in our country very
long, you will inevitably hear some lawmakers repeat one of their
favorite lines, that all of our country's budget problems would be
solved if only we increased taxes, except increasing taxes increases
government spending and crowds our private sector investment,
diminishing our prosperity.
Instead, it is past time to simplify the Tax Code and decrease the
tax burden that Americans currently spend close to a third of the year
bearing.
It is vital that we enact policies that strengthen and stabilize our
economy, as well as give individuals and businesses long-term
certainty.
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