Center for Freedom and Prosperity
For Immediate Release
Wednesday, November 15, 2017
202-285-0244
www.freedomandprosperity.org
CF&P Supports Passage of
House Tax Reform Bill
(Washington, D.C., Wednesday, November 15, 2017) – The Center for Freedom and Prosperity urges all members of Congress to deliver tax reform on behalf the American people. The Tax Cuts and Jobs Act, H.R. 1, contains a number of needed reforms that will make the tax code fairer for all while boosting economic growth.
Over the last 30 years, the tax code has grown increasingly complex while also failing to keep up with changes to the global economy. H.R. 1 would make the U.S. an attractive place to do business once again by slashing the corporate tax rate to 20 percent and moving to a territorial system. It would further benefit workers by removing barriers to capital formation through the elimination of the destructive and unfair death tax, and finances lower taxes for families by eliminating or scaling back many special interest credits and deductions.
H.R. 1 is not perfect and like all legislation must balance desired policy goals with the hard reality of politics. But no one will be served by failing to pass tax reform, and the House will have an opportunity to further improve the legislation in conference with the Senate. The economy needs tax reform and Americans deserve tax relief.
The Center for Freedom & Prosperity is a Washington, DC-based think-tank dedicated to the promotion of tax competition, financial privacy, and fiscal sovereignty.
For additional comments:
Andrew Quinlan can be reached at 202-285-0244, andy@freedomandprosperity.org
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Image credit: Bjoertvedt | CC BY-SA 3.
