House Republicans have decided to take a stand against Barack Obama and his love of taxation, so they put forward a bill that would all but end the monstrosity that’s become of the IRS.
According to the Washington Free Beacon, the GOP drafted a bill that would reform our tax code so that it fits onto the back of a post card, and that’s not all. The plan also includes breaking up America’s most feared bureaucracy and lowering taxes for everyone, including the life-blood of our economy – small businesses.
More from the Beacon:
“For years, hardworking American taxpayers have asked Washington for a tax code so simple and fair and understandable that it could fit on a postcard,” said Rep. Kevin Brady (R., Texas) who chairs the House Ways and Means Committee. “That is exactly what we propose.”
The plan would lower taxes for Americans at every income level and would limit the number of tax brackets to three. It would lower the corporate tax rate from the highest in the world to 20 percent, and would lower the top individual tax rate to 33 percent.
“This postcard form will simplify the number of tax brackets by more than half,” Brady said. “It will take less from taxpayers at every income level because Washington takes too much of your hard earned dollars.”
Additionally, the plan would repeal the death tax, eliminate the alternative minimum tax, cut taxes on small businesses to 25 percent, and cut taxes on saving and investment, just to name a few of the reforms included in the proposal.
“We unleash new job creation with the lowest taxes in modern history on local businesses, small or large, corporations or family owned,” Brady explained. “Washington must take less from these job creators so they can grow the local economy rather than Washington’s economy.”
The plan would also stop overtaxing businesses by removing some taxes on American products and allow businesses to have a tax-free return on their investments, which would undoubtedly help growth.
“No longer will we be the only major country that still taxes its own exports. No longer will American products lose out to foreign competitors, simply because they’re proudly stamped ‘Made in America,’” said Brady.
Above all else, the provision Americans are most likely to approve of is breaking up the IRS so that it’s not the vast bureaucracy it is now, making it less intimidating and easier to deal with.
“A simpler, fairer tax code demands a simpler, fairer tax collector,” Brady said. “We will bust up the IRS as it is today, redesigning it into three smaller, more focused units to serve businesses, to provide state of the art taxpayer service for families and individuals and quickly and affordably resolving tax disputes.”
While taxes are a necessary evil, they’ve become entirely out of hand here in America. Overhauling our tax system is long overdue, and should House Republicans prove successful in their bid, we would all be able to breathe a sigh of relief that finally we wouldn’t need a four-year degree just to understand how we’re supposed to give our hard-earned money away to the government.
Granted, Obama wouldn’t ever sign onto something like this because it would mean the end to punitive taxation and social engineering through the tax code, but you know that a President Trump would, should he find himself being inaugurated next January, which is all the more reason to vote for him rather than the criminal he’s running against.