GOP tax plan would slash rates, simplify code

by Tom Howell Jr. - The Washington Times  |  published on June 25, 2016

House Republicans called for a “fairer” and “flatter” tax code Friday, saying Americans should be split into fewer income brackets and file their returns on something as simple as a postcard.

Their tax proposal, the sixth and final piece of the GOP’s election-year agenda, would slash rates for individuals and corporations, streamline deductions for parents and clarify benefits tied to paying for college.

It would bolster incentives for charitable giving, decrease the tax burden on American-made products and reform the IRS.

“We want a tax code that works for taxpayers, not for tax collectors,” said Speaker Paul D. Ryan, Wisconsin Republican.

The GOP plan would lower the corporate tax rate from 35 percent to 20 percent and cap the individual rate at 33 percent, down from 39.6 percent. It also would repeal the estate tax — or “death tax” in GOP parlance — on the grounds it robs families of the nest egg that farmers and others have built for their heirs.

  • justinwachin

    The IRS needs to be reformed. The liberal bureaucrats who are running the place need to be fired. Those who have discriminated against conservatives and conservative groups need to lose their pensions and gain a prison cell.

    I applaud the House Republicans for laying out a vision for the future. The House Democrats’ vision for the future is bigger government, higher taxes, more socialism, more chaos & turmoil, gun control, minimize the Constitution, double the national debt, double the government regulations and give permanent control to the Democrat Party.

  • skHurricane

    Funny they want to pass this now that Trump when becoming President is going to reduce taxes for the taxpayers. It is to make them look good to the voters traitors.

  • CharlieSeattle

    And the reason this was not done 2 years ago was??

  • chicken ufo

    where was Ryan 2 years ago .in fact what has Ryan done period. .Ryan is only the foot stool for Obama its time to impeach Ryan

  • Terry T

    Taxes should be a simple and fair method to pay for the cost of running the government. The first step is to quit using taxes as economic incentives!! That is what makes taxes complicated.

    For individuals, implement a flat tax with an individual exemption (i.e. 10% tax on income over $10,000). No deductions or credits.

    For businesses, tax cash flow. Subtract expenses from income and tax the difference. (20% is way too high, more like 10%). Again, no tax incentives!!! Stay away from the obscenely complicated accounting practices.

    • CharlieSeattle

      Taxation methods and the amounts raised ignore the real problem while the deficit grows exponentially.

      >> Democrats always spend more than the taxes they increase when they are in power.

      >> Republicans always cuts taxes less than what they spend when they are in power.

      …………So what is the difference here? None.

      Congress has a spending problem NOT a revenue problem. Ops, I take the second part back. Tax revenues would be higher if NAFTA and China’s MFN trade status were never passed by Congress.

      That was about 8 million lost jobs ago. Passage of TPP will make it even worse!

      Both political parties have lied to the voters for 40 years and committed willful economic treason against the taxpayers that sent them in good faith to Washington to build a better America not destroy it.

      …………..Fight Organized Crime! Re-elect No One!

  • Vangie Martinez

    Ya right, now their trying to do something since they have People Voting for Trump. I’m not buying it. Another thing they ought to Scrap the IRS. They don’t answer the Phones and you then when you finally get someone, they tell you, Oh you have to call so and so I can’t help you, Oh you can’t help me? Why not? You have a Computer there to look up my case. I guess it’s not in their Job Description. I have been waiting since February 2016 for my $332.00 and had to fill out Paper work for Injured Spouse. I had to jump through hoops just to get things straightened out and I am still waiting for my Money. I went to my Congress Man, his Office told me you have to fill out Paper work and then it’s going to take another Month to investigate and then they will get back to me. It is absolutely Unacceptable and Ridiculous. Waste of Our Money. Not happy.

  • Cled B. Painter

    I am not worried about the IRS people being fired, I just don’t want them on the american tax payers back for the rest of their lives.

    • CharlieSeattle

      Pay your taxes + don’t cheat. = no problems.

  • Richard Hennessy

    We don’t need half measures like this. What we need is to eliminate the income tax entirely, get the IRS off our backs permanently, and replace the income tax with the “Fair Tax”. As long as the income tax is in place, the Congress will again tinker with it for the benefit of special interests or to compel certain actions (see mandatory Obamacare), and we will soon be back where we are today.

  • maxx

    Just more BS from Rino Ryan. He must be getting a lot of flack from the many people that now see him as the rino he is. If is looks like a rat and smells like a rat and acts like a rat it must be a Rino just like Ryan. He has done much damage to his political career in the past two months by his indecisiveness and lack of character. Maybe his “rising star” title will go away as well. Good riddance.

    • CharlieSeattle

      This is still the wrong argument. Congress refuses to control spending.

  • obama

    The devil is in the details

  • Rodney Steward

    This is one of the plans that Cruz ran on for President, a flat tax and do away with the IRS for GOOD!

  • Marty

    So let’s [ass it and send it to HRH Obama for veto so he can show all his real colors of socialist.

  • Jim Lambert

    Sounds like a plan!

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