Americans spend 6 billion hours a year on taxes at a cost of $263 billion. No wonder tax season and headaches go hand-in-hand.
But our burdensome tax code isn’t just causing stress. It’s leaving hardworking families with less take-home pay, making it harder for businesses to create jobs, and hurting U.S. competitiveness.
For almost a decade now, Americans have struggled with below-average economic growth and wages that haven’t kept pace with the cost-of-living. They’ve had to navigate a 70,000+ page tax code that has doubled in length since 1986. Our tax code is so convoluted that 9 out of 10 people rely on a professional tax preparer or computer software to prepare their tax returns. Enough is enough.
It’s time to make our tax code work for Missourians instead of against them. That’s why my colleagues in the Senate and I are continuing our effort to make the tax code simpler and fairer.
A simpler tax code would help Missourians keep more of their hard-earned money. It would empower small business owners and entrepreneurs to expand their businesses and create more jobs. And, it would create opportunities for us to compete as a country and make it easier for Missouri families to see a pathway toward success.
Last week, the Senate took a significant step toward pro-growth tax changes by passing a budget. We now have a critical tool we need to move forward and provide much-needed tax relief for Americans.
3 comments:
Your nose is growing Blunt. This tax cut is not going to help anyone but people like you and your lobbying family. The average guy on the street is actually going to end up paying more, and I mean much more. Why don't you just resign and do us all a favor?
Fake news, fake news. The IRS is projecting that over 150 million of the 250 million tax filings will be on the A, EZ or short form. Maybe it could save taxpayers some money, but most likely it will be the rich trash upper 10% who can afford to pay a CPA to file their false claims for them. It is the republicans that started all these loopholes and such that make taxes so complicated for businesses. But the vast majority of real working families file the short form or EZ form and that takes less than a half an hour. So the hours spent are the fault of congressional republicans making lots of tax dodges for corporations.
He speaks and fog and fake news comes out of the lobbying specialist.
Roy "fecal stain" Blunt. Why don't you try railing against lobbyists for awhile. Oh....but you can't since your entire family is in the lobbyist business to grow your bank account. How much have you made from your lobbying horde there fecal boy?
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