Taxes: Simpler, Faster, Lower

Paying income tax used to require a simple, one page form. Today our tax code is longer than War and Peace. It’s estimated that we spend over $200 billion annually complying with income tax requirements.

Tax reform is long overdue, and I would support a proposal that incorporates three basic principles:

  1. Simpler Rules
  2. Faster Filing
  3. Lower Rates

Simpler rules and faster filing will save billions of dollars in compliance and planning costs, in addition to improving the rate of economic growth and overall size of the economy. This means we can have higher overall revenue to pay down the debt, using lower rates and a broader base.

What this means for you: Businesses spend less time and money on compliance and planning, markets have fewer distortions, and you get to spend more time with your family and less time worrying about pages and pages of tax rules that no one fully understands.

Paid for by the Randy Hultgren for Congress Committee