There is no way to tax the economy to growth.
Our tax system is burdensome, complex, and administered by an out-of-control IRS. Big businesses and the well connected hire high-priced lawyers, accountants, and lobbyists to game the system, while everyday Americans and small businesses are left footing the bill. Meanwhile, we live in an increasingly competitive global environment, where our competitors are gaining an ever-increasing market share.
We need fundamental tax reform that lowers rates, simplifies the system, and eliminates special interest breaks and loopholes.
Since the great recession, the economy produced only anemic economic growth. This isn’t the fault of Americans, who are the hardest working people in the world. It’s the fault of our tax system which encourages companies to move overseas to remain competitive.
Our tax code should be a competitive advantage to business based in the United States. The American economy is being held back by our antiquated tax code. Once it is reformed, our economy will flourish again.
More on Tax Reform
Washington, DC - Today, U.S. Representative Warren Davidson issued the following statement concerning the tax reform bill that passed the house.
“In order to not bankrupt America, we need fast economic growth that counters big Washington spending. The reality is that we can’t navigate the debt crisis without tax reform and we can’t grow our economy without tax reform. Today's vote on the budget is an opportunity for Congress to complete tax reform, then move swiftly to spending reform."
Washington, D.C. – In case you missed it, today U.S. Congressman Warren Davidson (R-OH) sat down with NPR to discuss his viewpoints on tax reform. Davidson supports the tax reform framework that was introduced by President Donald Trump and Congress.
Listen to the interview here.
The following is an excerpt from the interview which aired today, Wednesday, October 11, 2017.
Washington, DC – Today, Rep. Warren Davidson is introducing the Market Data Protection Act in the House which directs the U.S. Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) and Thesys Technologies to accelerate its cybersecurity risk controls before collecting data in the Consolidated Audit Trail (CAT) to prevent future hacker attacks.
Washington, DC - Today, Rep. Warren Davidson is praising actions of President Trump’s Treasury Department for announcing it will formally withdraw regulations that would have increased the death tax by as much as 30 percent. In praising today’s actions, Davidson is now calling for Congress to fully repeal the death tax.