Rep. Calvert Praises Tax Reform Framework

Today, Congressman Ken Calvert (CA-42) praised the unified tax reform framework developed by the Trump Administration, the House Committee on Ways and Means, and the Senate Committee on Finance.

"The tax reform framework announced today is an important step towards making America's tax code fairer, simpler and more competitive," said Rep. Calvert. "We need a tax code that works for the middle-class and for our job creators. By putting America first we can create more economic opportunities that will benefit hard-working families throughout our country."

The Trump Administration, the House Committee on Ways and Means, and the Senate Committee on Finance have developed a unified framework to achieve pro-American, fiscally-responsible tax reform. This framework will drive the debate as Congress looks to craft a 21st century tax code that is built for growth, supports middle-class families, defends our workers, protects our jobs, and puts America first. It will deliver fiscally responsible tax reform by broadening the tax base, closing loopholes and growing the economy. It includes:

• Tax relief for middle-class families.

  
  

• The simplicity of "postcard" tax filing for the vast majority of Americans.

  
  

• Tax relief for businesses, especially small businesses.

  
  

• Ending incentives to ship jobs, capital, and tax revenue overseas.

  
  

• Broadening the tax base and providing greater fairness for all Americans by closing special interest tax breaks and loopholes.

With the release of the framework, tax-writing committees will now draft legislation through a transparent and inclusive committee process. Throughout the process, Rep. Calvert will work with his colleagues in the House to help develop additional reforms that improve the efficiency and effectiveness of our tax system.

The full framework can be found HERE, and a one page overview can be found HERE.

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