Tax Reform

Floor Speech

BREAK IN TRANSCRIPT

Mr. Speaker, over the past three decades, our Federal Tax Code has ballooned to 74,000 pages filled with loopholes for special interests. Moreover, the Federal tax system has become too complicated for hardworking taxpayers to navigate alone.

Since joining Congress, I have traveled all across my district meeting with people and businesses who have all made it clear that our current tax system needs change. Small businesses like Vaughan & Bushnell Manufacturing in Bushnell, Illinois, want a simpler Tax Code that lowers rates and closes loopholes so they can invest in innovation, higher wages, and more jobs.

Middle class families across Illinois have told me how a simpler Tax Code would mean more money in their pockets to save and spend. Earlier this year, it was estimated that our House blueprint for tax reform would save the median Illinois family over $5,000 in taxes every year.

We can all agree that our system needs work, and this week we will take the necessary first steps towards fixing it.

Mr. Speaker, I urge all of my colleagues to join in this effort to make our system work for everyday Americans, not special interests.

BREAK IN TRANSCRIPT

Source