A Tax Code to Level the Playing Field | Speaker.gov

“The logic is impeccable.”

That’s how Ernest Christian, one architect of President Reagan’s 1981 tax reforms, describes the Republican plan to overhaul our broken tax code.

“American companies will invest in U.S. plants built at home,” Christian continues. “Tax rates will be low on their income from products sold into the ever more prosperous U.S. market. In addition, the tax rate will be zero when they export American-made goods from U.S. factories.”

He’s right, and he’s not alone. 

Last week, following a wave of endorsements, another major coalition of American businesses came out in strong support of the Republican tax plan. 

“American workers and businesses are not competing on a level playing field with foreign competitors because of an outdated and unfair tax system,” the coalition declared in announcing its support. “The House tax reform blueprint has the best chance of moving real transformative tax reform for the first time in more than 30 years.” 

Speaker Ryan spoke about the prospects for enacting tax reform in 2017 on PBS NewsHour this week, calling it a “Once-in-a-lifetime opportunity".

“I got my driver’s license the last year we did tax reform,” the speaker explained“With good comprehensive, across-the-board tax reform we really believe we can get the kind of economic growth we need, which will solve so many problems with have in this country. And fundamental tax reform is critical because now we have the worst tax code in the industrialized world, bar none.” 

To learn more about our tax plan, visit speaker.gov and check out the links below.

Learn more:

Momentum Builds for Republican Tax Plan (1/31/17)

A Destination-Based Tax Code to Increase American Competitiveness (1/19/17)

A Simpler and More Competitive Tax Code (1/6/17)