WASHINGTON – Congressman Tom Rice (R-S.C.), a member of the tax-writing Ways and Means Committee, today released the following statement in response to the rollout of framework for tax reform and tax relief for American businesses and the middle class.
“Since 1986 Washington has stood by and let the rest of the world tilt the playing field against the American worker. The decline of the American middle class and the growing income inequality that both Democrats and Republicans complain about is a direct result of the continued deterioration of America for a place to do business, in large part because we’ve failed to make ourselves competitive.
Our current tax code puts American businesses at a disadvantage and that translates to the loss of millions of middle class American jobs. If we really want to grow the middle class, give them a raise, reduce income inequality, and stop jobs from leaving our shores, we must make our tax code competitive in the world. That has got to be our number one goal and this plan helps get us there.”
The House Ways and Means Committee, the Trump Administration, and the Senate Finance Committee have developed a unified framework for legislation to reform the U.S. tax code. The framework will serve as a template for legislation that will simplify the tax code for families, level the playing field for businesses, and promote economic growth in America. The framework can be viewed here.