Americans are suffering under the enormous tax burden placed upon them by the various government entities they live under, but help from Washington seems unreachable. Luckily for citizens of one state, tax reform could be coming swiftly, and from a surprising place.
The passage of the American Health Care Act, H.R. 1628, out of the House of Representatives gives an opportunity for the Republican majority to begin work on a generational opportunity: fundamental tax reform. Speaker Paul Ryan (R-Wis.) will head to Ohio on Wednesday to begin making the case for tax reform, previewing the next big item on the House Republican agenda.
The main reason that President Trump and the Republican-controlled Congress are pursuing fundamental tax reform this year is because the American economy has not seen annual economic growth above 3% since 2005. This is an indictment of decades of unabated growth in the complexity of the tax code, devoid of any meaningful attempt to permanently reduce tax burdens for all Americans.
While the first 100 days is fairly arbitrary time of reckoning for a new president, FreedomWorks President Adam Brandon commented on the Trump administration’s progress to this point:
Tax Day is here, and President Trump and Republicans in the House and Senate are finally talking about tax reform. Unfortunately, a group of centrist and liberal Republicans may derail conservatives' best efforts.
Congressional leaders returned home this week to spend two weeks on recess, meeting with constituents and supporters in their districts. For Republicans, the break could not come at a better time. After a staggering failure to come together to repeal and replace ObamaCare, the GOP needs some time to regroup and reconsider their approach.