Tax reform to put more money into your pockets

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By U.S SENATOR GUEST COLUMN JOHN CORNYN

 

Not long ago, our president came before the American public and was blunt about the state of the federal tax code in this country. He called on Congress to “simplify the system. Get rid of the loopholes,” and “lower the corporate tax rate” — one that ranks among the highest in the industrialized world.

Although the words sound familiar, the president who delivered them might not be the one you’re thinking of: They’re from Barack Obama, during his 2011 State of the Union address. Now, fast-forward a few years, and a new president from a different party is saying much the same thing. President Donald Trump has called our tax code a “relic” and a “colossal barrier standing in the way of America’s economic comeback.” He’s right, of course, and so was President Obama. Tax reform doesn’t have to be partisan. In fact, it shouldn’t be, because the ramifications are much more than political

 

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