In Case You Missed It: Republican Tax Reform Will Make It Morning in America Again
Washington Democrats Like Senator Baldwin Signal Obstruction of Raise for Hard-Working Families
[Madison, WI]— President Trump and Republicans are fighting to give hard-working families a raise. The tax reform plan put forward would give Wisconsinites the break from Washington they deserve. Meanwhile, Senator Tammy Baldwin keeps siding with her liberal colleagues to pick Washington over Wisconsin, while standing in the way of a raise for hard-working families.
Read President Trump’s piece in USA Today online here, or read excerpts below.
President Trump: With tax reform we can make it morning in America again
President Donald Trump
USA Today
October 22, 2017
Today is the anniversary of former president Ronald Reagan signing into law the Tax Reform Act of 1986. The act was the second major law he signed to reform the tax code for the American people.
Republicans and Democrats came together to cut taxes for hardworking families in 1981, and again in 1986 to simplify the tax code, so that everyone could get a fair shake. The rest, as they say, is history.
The economy boomed, launching into one of the largest peacetime economic expansions in history. Dormant small businesses and factories sprung back to life. The famed American Worker produced at unprecedented levels. The median family income rose. And more American products than ever before reached foreign shores, stamped with those four beautiful words: “Made in the USA.”
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It was a time of extraordinary optimism — it was truly “Morning in America,” an economic miracle for the middle-class.
A lot has changed since then, especially when it comes to taxes.
While our economic competitors slashed their taxes in hopes of replicating America’s success, our leaders remained complacent or, in some cases, reversed course.
We are now among the highest taxed nations in the developed world. Our tax code and laws have nearly tripled in length since the 1986 reforms. They now span 2,650 pages, with another 70,000 pages of forms, instructions, court decisions, and other guidance.
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According to the Tax Foundation, taxes cost Americans more out-of-pocket than housing, clothing, and food — combined.
Somehow, this has become “normal” in the Land of the Free, but it should not be.
American families should not have to send more money to the government than they spend on building a better life for themselves and their children. You are the ones who carry this nation on your back, and it is time for you to get the relief that you deserve.
That is why we are taking action to dramatically reduce the burden that the sprawling federal tax code has become on our citizens.
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The tax cuts and reforms of the 1980s show that when we empower the American people to pursue their dreams, they will not only achieve greatness and create prosperity beyond imagination, they will build an entirely new world.
It is time to ignite America’s middle class miracle once again.
Read the full piece from President Trump here.
