The House GOP has been busy in the past six months. Not only did they reveal their long-awaited Obamacare alternative on Thursday, but on Friday morning conservative lawmakers unveiled their plan for tax reform.
“I am sick of seeing businesses leave America," said Rep. Steve Scalise (R-LA) on Capitol Hill. “All Obama does is criticize businesses as they go out the door.”
The GOP’s new tax plan, Scalise continued, reorganizes the tax code and makes it easier for families to save for the future.
Most importantly, it will “rein in the IRS and put power back in hands of families.”
House Speaker Paul Ryan, who used to chair the House Ways and Means Committee, said he was “so proud” of his colleagues' hard work over the past half year. He offered a few more specifics about the GOP agenda.
Their plan will bring tax brackets down from seven to three, lower rates, bring the top rate down to 33 percent, close special interest loopholes, etc.
It will be so simple that “the average American can do their taxes on a postcard,” he pledged.
“We want a tax code that works for taxpayers, not tax collectors."
Moreover, their plan cuts taxes for businesses and lowers the top tax rate to 25 percent.
In other words, less punishment, more reward for American entrepreneurs.
The IRS was a particular target of their tax plan, particularly after the agency intentionally made life extremely difficult for hundreds of conservative groups trying to get tax-exempt status. The rampant bias within the agency prompted Congress to call for the impeachment of IRS Commissioner John Koskinen.
“The IRS needs to get its act together,” Ryan said.
They are going to overhaul the agency, install a new commissioner, clear out the bureaucracy and "give taxpayers the privacy they deserve," he insisted.
Join the conversation as a VIP Member