Republican Members Present Proposals for Fundamental Tax Reform – Ways and Means
On March 22nd, Members of the Tax Policy Subcommittee, led by Rep. Charles Boustany (R-LA), held the first in a series of hearings on how policymakers should fundamentally reform America’s tax code to create jobs, increase paychecks, and expand opportunities for the American people.Chairman Boustany said:
“As we focus on tax reform, we want to take a fresh look and consider all ideas and proposals … The Ways and Means Committee must weave the most pro-growth concepts and ideas into a bold plan that fundamentally and comprehensively reforms our tax system.”’
Representatives Devin Nunes (R-CA), Michael Burgess (R-TX), and Rob Woodall (R-GA) made the case for moving our primarily income-based tax system to a cash-flow or consumption-based system. Under these plans, instead of being taxed on what they make, hardworking Americans and businesses will be taxed on the money they spend.