Spring Clean the Tax Code or Spring Clean the Current Administration?
I know I heard someone say BOTH, and I certainly can’t disagree. After all, the tax code didn’t get so onerous and convoluted by itself. It was revised so many times by politicians, sometimes for the better, and oftentimes self-serving. It’s past time for serious tax reform.
One of the primary problems now is the high corporation income tax rate. It’s no wonder the United States is having a very difficult time competing in the international markets. Forget the hype and propaganda spewed about by the white house, our country is suffering from subpar economic growth. Furthermore, our long term growth potential is bleak, and will continue until we elect leaders that will focus on tax reform that will promote long term economic growth.