Each year, Tax Day is an unpleasant reality check on how complicated and outdated our tax code has become. Tax reform is next on our legislative agenda, and we have a once-in-a-generation opportunity to lessen the burden on American families and businesse
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Each year, Tax Day is an unpleasant reality check on how complicated and outdated our tax code has become. Tax reform is next on our legislative agenda, and we have a once-in-a-generation opportunity to lessen the burden on American families and businesses.
When Washington last undertook comprehensive tax reform, Ronald Reagan was president, the average price of a new home in the U.S. was $111,900, and a gallon of gas cost 89 cents. Much has changed in our country since 1986, but our tax code has only become more complicated.
House Republicans rolled out a tax reform blueprint last year to start the conversation on how to make the tax code simpler, flatter, and fairer for all. As a member of the Ways and Means Committee, I had the opportunity to participate in tax working groups and help craft this proposal. I appreciate the feedback I have received from Nebraskans since the release of the blueprint and share your eagerness to get this important work done.
In early April, the Tax Foundation released a detailed analysis on how the blueprint would impact Americans. According to the report, the proposal would lead to 1.7 million new full-time jobs and raise household incomes in every state, allowing families to save an average of $4,917 more of their
annual income.