Every generation or so, there is an opportunity to do something truly transformational—something that will jumpstart our economy, grow jobs, raise wages, increase American competitiveness, and put more money in your pockets.
That moment is now here, and are going to meet it. It’s time to fix our broken tax code
The last time we got this done was in 1986—the same year Speaker Ryan got his driver’s license. Over the last 31 years, our tax code has grown more complicated and less competitive, and it has stopped working for taxpayers.
This needs to change, and 2017 is the year we get this done. Why now? Why the urgency? Because we don’t have a choice.
America is losing good-paying jobs as businesses move offshore to foreign competitors with more competitive tax systems. Trillions of dollars—literally, trillions—are being stranded overseas as a result. And hardworking families continue to struggle under a tax code that is far too confusing and expensive.
Speaker Ryan stressed the urgency for tax reform in a recent speech to the National Association of Manufacturers:
“I am here to tell you: We are going to get this done in 2017. We need to get this done in 2017. We cannot let this once-in-a-generation moment slip by. Yes, the defenders of the status quo—and there are many—are counting on us to lose our nerve, to fall back, or put this off altogether.
"But we will not wait for a path free of obstacles, because it does not exist. And we will not cast about for quick fixes and half-measures. Transformational tax reform can be done, and we are moving forward. Full speed ahead.”
This unified Republican government—the House, the Senate, and the White House—are putting together a plan that will grow our economy and create jobs.
Our plan will simplify the code so you can file your taxes on a form the size of a postcard. And it will overhaul or corporate tax system—the worst in the industrialized worlds—in order to stop the drain of American businesses overseas.
To learn more, visit speaker.gov or check out the links below:
Here's Why Tax Cuts Must Be Permanent:
Top 5 Moments from Speaker Ryan’s First Major Tax Speech
Speaker Ryan on Tax Reform: 'We are going to get this done in 2017'
Full Text: Speaker Ryan's First Major Speech on Tax Reform
Four Things Before Today's Tax Reform Speech
Tax Reform: More Jobs, Higher Wages, and Renewed Confidence