Congressman Jim Bridenstine Votes Against Creating More Tax Manipulations
Washington, DC, December 3, 2014 FOR IMMEDIATE RELEASE
We have a deeply flawed tax code. It is already unnecessarily complex and confusing. The Mercatus Center at George Mason University estimates that Americans spend more than 6 billion hours a year complying with the tax code. That is the equivalent of all the people in Oklahoma who are over the age of 6 working all year only on taxes. Lobbyists spend about $3 billion a year promoting policy preferences. Countless loopholes distort human behavior and bias markets.
I love being able to truly help people, but creating another new tax manipulation is not the right way to do it. HR 647, the ABLE Act, passed in the House today, is a new provision giving tax preference to manipulate behavior.
Rather than creating more loopholes and special provisions, Congress should be about the work of eliminating our burdensome tax code, abolishing the corrupt and abusive IRS, and replacing the system with a fair and simple tax. I will again be an original co-sponsor of HR 25 in the 114th Congress, the Fair Tax, and I will reintroduce my legislation to repeal the 16th Amendment.
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