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Press Release

It's Time for Fundamental Tax Reform

08/30/2017

Following the conclusion of President Donald Trump's speech on tax reform and the economy, FreedomWorks President Adam Brandon commented:

"President Trump is right. It's time for fundamental, pro-growth tax reform that reduces tax rates for individuals and businesses, simplifies the tax code, and makes America more competitive internationally. It has been more than 30 years since Congress passed tax reform. Since then, the tax code has become complicated, consuming billions of hours and hundreds of billions of dollars annually, and special interests have gotten carve out after carve out."

"We have been fully engaged in the effort for fundamental tax reform, and we will continue to do so in the upcoming weeks and months. We need all hands on deck to get this across the finish line this year. This a generational opportunity, and it's one that we simply cannot let pass us by."

1 comments
tdcrow1054's picture
tdcrow1054
09/04/2017

Tax avoidance via use of so-called "non-profit Foundations" set-up exclusively for that purpose should end. This is mechanism for extreme tax-avoidance used exclusively by the wealthy and allows a significant share of their taxes to fund special projects (including political activity).

Legitimate non-profit organizations should not pay taxes on contributions, but those contributions should be post-tax dollars. This is not the case when individuals set-up personal foundations.

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