Roskam calls tax code reform plan a 'transformational moment'
U.S. Rep. Peter Roskam (R-IL) is hailing a tax code restructuring plan unveiled recently as a way to let middle-class Americans and small businesses hold onto more of their money.
“This is a transformational moment we have to reform a tax code that hasn’t been updated in over 30 years,” Roskam said, according to a press release. “This is about improving the lives of every single American. It’s about increasing paychecks and giving families, working students and small businesses an easier and fairer tax code.
The restructured tax code would provide a basis for tax-writing committees to create the legislation.
“Today, we move one step closer to fixing our broken tax code so that it puts Americans first,” Speaker of the House Paul Ryan (R-WI) said. “This is our best opportunity in a generation to deliver real middle-class tax relief, create jobs here at home, and fuel unprecedented economic growth.”
Roskam said the proposal would accomplish many goals that would benefit the U.S. economy.
"This framework puts us on the right path to accomplishing those goals and I invite my Democrat colleagues to join us in making the changes necessary to enact common-sense, fiscally-responsible measures that grows our economy, supports our middle-class, defends our workers and protects our jobs," he said, according to the release.