Tax Reform Is Critical To Our Country’s Economic Future
‘We want to lower taxes and simplify rates. We want to expand job creation and grow paychecks. We want to take more money out of Washington’s pocket and put more in yours. That is the essential goal of tax reform.’
WASHINGTON, D.C. – Senate Majority Leader Mitch McConnell (R-KY) made the following remarks on the Senate floor regarding the need for tax reform:
“Yesterday, Chairman Hatch held another hearing on a subject that’s incredibly important to the economic future of our country: tax reform. For too long, our economy has failed to live up to its full potential. For too long, Americans have suffered through stagnant paychecks, a lack of steady work, and retirement that can seem to slip further away by the day.
“These are the forgotten men, women, and families of the last decade. For many Americans living on the coasts, working in Silicon Valley or in finance, the recession of 2008-2009 may seem like just a moment in history. But for far too many Americans, the last 10 years have been a lost decade where our economy has stumbled along and opportunities have declined for American workers and their families.
“Tax reform represents the single most important thing we can do today to get our economy back on track and give American workers a leg up. It’s our once-in-a-generation opportunity to replace an outdated tax code that holds us back with one that works for American families and small businesses.
“We want to lower taxes and simplify rates. We want to expand job creation and grow paychecks. We want to take more money out of Washington’s pocket and put more in yours. That is the essential goal of tax reform. That is our message to the American people.
“It’s what I believe. It’s what Chairman Hatch believes. It’s what Chairman Enzi believes too. He has an important role to play in this process too. Later today, he will lead his committee in marking up a comprehensive budget for Fiscal Year 2018 that will help our country achieve balance by reining in federal spending.
“It will also help our economy grow, and one of the ways it will do so is by providing legislative tools to advance tax reform. I thank the Budget Committee for all of its good work so far, and I look forward to its continued efforts to get our fiscal house in order and our economy back on a path to solid growth after the lost decade of disappointment I just spoke about.”
Related Issues: Taxes, Tax Reform