[Congressional Record (Bound Edition), Volume 158 (2012), Part 4]
[House]
[Page 4768]
[From the U.S. Government Publishing Office, www.gpo.gov]




                      AMERICA NEEDS A NEW TAX CODE

  (Mr. PAULSEN asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. PAULSEN. Mr. Speaker, tomorrow is tax day, and as Americans work 
to file their taxes by midnight tomorrow, they are reminded about how 
broken our Tax Code and our tax system really is, how burdensome it has 
become, how complicated it has become, and how it has not kept up with 
today's economy.
  Unfortunately, Mr. Speaker, there are too many in Washington that 
always believe the answer is only to raise taxes rather than focusing 
on tax reform. Just a few weeks ago, the United States became the 
number one country in the developed world for having the highest 
corporate tax rate. This is something we should not be aspiring to. A 
new medical device tax is set to start next January that will be a 
hard-hitting tax on the American success story of medical innovation.
  Mr. Speaker, we need a Tax Code that promotes hard work, achievement, 
innovation, and also savings and investment. Mr. Speaker, we need a Tax 
Code that is simpler and fair and more competitive for all taxpayers so 
we can grow our economy and create jobs.

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