Monthly Archives: February 2011
Chairman Camp Opening Statement: Hearing on Fundamental Tax Reform Thursday, January 20, 2011 Washington, DC – Ways and Means Chairman Dave Camp (R-MI) today delivered opening remarks at the Committee on Ways and Means Hearing on Fundamental Tax Reform. Below … Continue reading
The tax code has changed 4,428 times in the last decade!
What is fundamental tax reform? It certainly is not merely tinkering with the rates and pruning the dead wood from old deductions. That exercise can more accurately be likened to rearranging the deck chairs on the Titanic. Rather, fundamental tax … Continue reading
We are currently the only OECD country with no border adjustment element in our tax system. Soon we will also have the highest corporate tax rate. Because the current system is not border adjustable, American producers face at least an … Continue reading
According to Tax Policy Center, two-thirds of taxpayers pay more in payroll taxes than income taxes.
The FairTax would already increase the revenue stream over and above what it would have been under a continuation of the current system. The reason is that it would stimulate the economy or, more precisely, that it would increase the … Continue reading