Sending Office: Honorable James B. Renacci
I invite you to co-sponsor H. Res. 530, expressing support for President Trump’s key principles of comprehensive tax reform. The principles outlined in this resolution mirror many of the reforms that are outlined in the United Framework, which was released
on September 27th by the Trump Administration, Ways and Means Committee, and the Senate Finance Committee. We were sent to Washington with a mandate to overhaul our broken tax system. It is vital that Congress continue to work closely with the
President to deliver much needed relief to American families and businesses.
Our current tax system fails to meet the needs of the 21st Century economy. In addition to being too complex and burdensome for every day Americans to understand, the associated costs are digging into American’s pockets. According to Tax Foundation,
expenses related to filing individual tax returns cost more than $20 billion dollars each year. Hardworking Americans desperately need to keep more of their take home pay, not hand more over in the form of compliance costs because Congress won’t fix the broken
Additionally, the U.S. corporate tax rate is the highest in the industrialized world. This makes it difficult for our businesses to compete and instead incentivizes U.S. companies to relocate abroad. What’s more, our broken tax code also hurts American
people in the form of higher prices for consumers, low or stagnant wages for workers, and less job opportunities for job seekers. It is time to level the playing field and again become one of the most competitive places in the world to live, work, and do business.
Achieving comprehensive tax reform will depend on the ability of Congress to act together toward a unified goal. For this reason, I recently introduced H. Res. 530, which articulates 10 core principles that comprehensive tax reform should incorporate.
These include simplifying the tax code, switching to a territorial system, eliminating the death tax, increasing the Child Tax Credit, and encouraging regular order throughout the process.
While opinions on specific aspects of tax reform may differ, it is my hope that H. Res. 530 will reinforce solidarity of purpose amongst Members of Congress while providing a unified vision. It is imperative that we reform our broken tax code. This will
help families keep more of their hard earned take-home pay, allow businesses to invest more in our communities, and ensure that the tax code is competitive in the 21st Century economy. To become a cosponsor of this resolution, please contact Katie
Rudis with Rep. Renacci (Katie.Rudis@mail.house.gov).
e-Dear Colleague version 2.0