Today, American families and businesses are burdened by a tax system that is too big, complex, and onerous. Simply put, the tax system is broken and acts as a brake on the economy. The excessive tax burden hinders the ability of families to buy a home, save for college, and plan for retirement. For businesses, overbearing taxation stifles investment and makes job creation less likely. It is part of the reason that too many Americans still face economic uncertainty.
The solution is comprehensive tax reform. We need a system that is uncomplicated, fair, and encourages economic activity. We need a simplified tax code that reduces taxes for all Americans – individuals and businesses alike.
These reforms will help unleash the private free market, which is the true economic engine. The resulting economic growth will result in increased job creation and additional foreign investment. In sum, the result will be increased prosperity for all Americans, and the chance for everyone to pursue their American dream.
For more information concerning work and views related to Tax Reform, please contact our office.
More on Tax Reform
Washington, D.C. – U.S. Representative Mimi Walters (CA-45) today released the following statement after voting in support of H.R. 2029, the Protecting Americans from Tax Hikes Act of 2015. This legislation would make permanent over 20 tax relief provisions, extend several tax provisions, and place a 2-year moratorium on Obamacare’s medical device tax. H.R. 2029 passed the U.S. House by a vote of 318-109 and now awaits consideration by the U.S. Senate.
Thursday, 16 Apr 2015 07:27 PM
Washington, D.C. – U.S. Representative Mimi Walters (CA-45) released the following statement after voting in support of H.R. 1105, the Death Tax Repeal Act of 2015. This legislation repeals the 40 percent tax on a deceased person’s estate, which has been identified as a primary cause for the dissolution of family businesses. H.R. 1105 passed in the U.S. House by a vote of 240 to 179 and now awaits consideration by the U.S. Senate.