Americans are rightfully frustrated over our nation’s tax system, and I very much share their concerns. The current tax code is cumbersome and confusing. It is estimated that American taxpayers spend over seven billion hours per year trying to comply with the current filing requirements. Our tax code is ridden with loopholes and unnecessary complexity that discourages saving and investing.
Each year taxpayers scan through 60,000 pages of forms and make difficult decisions between numerous calculations, tax credits and deductions. We must simplify our tax code and cut the red tape to ensure a fair tax system for Americans.
By bringing a common sense approach to government, I'm fighting to simplify the tax code for working families and job creators. Taxpayers are in the best possible position to determine how to spend their own money, not bureaucrats in Washington. Tax revenue is generated by ensuring people are working and profitable – not from continuing to raise tax rates.
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More on Tax Reform
U.S. Rep. Mike Bost, R-Murphysboro, organized a panel of Southern Illinois small business owners, manufacturers, and job creators at the Shiloh Community and Senior Center Aug. 17 to receive local input before Congress considers tax reform legislation later this year.