Our tax code is overly complex and nearly impossible for businesses and taxpayers alike to plan for the future with the temporary nature of so many provisions in the tax code. Perhaps the most compelling reason for tax reform is that Americans waste literally billions of dollars to comply with our overly complicated tax system.

I believe Americans would rather spend $1,000 on feeding and clothing their children and 26 hours with their families instead of spending that money on time on their taxes.

Our current tax system places a disproportionate tax compliance burden on small businesses.  I have introduced a package of proposals that will provide not only targeted, affordable tax relief to small business owners, but also simpler rules under the tax code.  Small businesses should not be forced to divert precious resources away from new equipment or worker training to meet tax code requirements.

This entry was posted on Tuesday, April 15th, 2008 at 11:53 am and is filed under Politics, Economy/Budget .