The President published an op-ed this morning outlining why the tax code needs to be overhauled in a big way. Clearly, I think most Americans agree with this sentiment, and Congress needs to get on board and make it happen. Truthfully, I’m hesitant to think the same clowns that built such a convoluted mess of tax credits and deductions will ever be motivated enough to actually do something positive for the American people.
Here’s an excerpt from the President’s op-ed:
Today, the hopes and dreams of American workers and their families remain a top priority for my administration. That is why we are launching efforts to reduce the crushing tax burden that is harming our companies and our workers.
Our self-destructive tax code costs Americans millions of jobs, trillions of dollars and billions of hours spent on compliance and paperwork.
To fix this, we have made the foundation of our job creation agenda fundamentally reforming our tax code for the first time in more than 30 years. I want to work with Congress on a plan that is pro-growth, pro-jobs, pro-worker and pro-American.
Our plan will dramatically reduce income taxes for American workers and families. It will nearly double the standard deduction to help families get ahead. It will make our complex tax code more simple and fair. It will put money back into the pockets of the people who earned it. And it will bring back American jobs by making our businesses competitive once again.
America is at a serious disadvantage when it comes to corporate taxes, why would we continue doing this to ourselves? It’s time for Congress to get on board and get this done.
As usual, the swamp is fighting back:
One veteran tax lobbyist, a former member of the Senate Finance Committee staff, said the chances of a broad tax reform package similar to the 1986 rewrite of the code are “zero.”
Another K Street tax specialist put the odds at “less than one in four,” citing the lack of a detailed plan from the administration and the cluttered agenda.
The September schedule is packed, and includes measures to keep the government funded and raise the debt ceiling.
The schedule’s busy so why bother? Republicans are in charge of every branch of government, they control the schedule, yet we’re constantly being told there is no time available to work on things that broadly affect millions of people, and would help the GOP find something positive to run on in 2018.
Once again, it will be President Trump leading, with Congress kicking and screaming in the back seat.