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Pressing Need for Tax Simplification

Floor Speech

Date: May 14, 2009
Location: Washington, DC
Issues: Taxes

PRESSING NEED FOR TAX SIMPLIFICATION -- (House of Representatives - May 14, 2009)

(Mr. BUCHANAN asked and was given permission to address the House for 1 minute.)

Mr. BUCHANAN. Madam Speaker, last week the House Small Business Subcommittee on Finance and Tax held a hearing on a long overdue issue: the pressing need for tax simplification for America's small business.

The IRS estimates it takes over 37 hours to complete the 1040 short form, the most basic income tax form we have. Why does it take this long? Because our Tax Code today runs over 67,000 pages.

This is a disgraceful state of affairs. We need a simpler and fairer Tax Code that rewards, not punishes, hard work and success. Small business creates 70 percent of all new jobs in America. Small business can lead us out of this economic recession and back into recovery if Congress gives them a chance.

Let's start by overhauling our broken tax system.


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