Taxes

U.S. Chamber of Commerce Welcomes Trump Administration’s Tax Reform Outline
U.S. Chamber of Commerce
April 26, 2017
“As an advocate for pro-growth tax reform, the U.S. Chamber welcomes the White House’s strong push today to advance tax reform. We’ve got a once-in-a-generation chance to do tax reform, and if we do it right, it can be the single most important step our leaders take to drive economic growth.
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RETAILERS RESPOND TO PRESIDENT TRUMP’S TAX PLAN
Retail Industry Leaders Association (RILA)
April 26, 2017
"We welcome President Trump's outline for tax reform. Retailers pay among the highest effective tax rates of all U.S. businesses and provide jobs to more Americans than any other industry. Reform that substantially lowers the rates that retailers ultimately pay will generate job growth and benefit American families in countless ways. The President's tax reform plan recognizes the importance of a globally competitive tax code that allows American businesses to compete around the world and grow, and for consumers to have more money to save or spend. We will continue to fight back against the harmful border adjustment tax proposed by House Republicans and look forward to working with President Trump to exact pro-growth tax reform this year," said Brian Dodge, senior executive vice president for public affairs."
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RNC Statement on President Trump’s Tax Reform Proposal
Republican Party
April 26, 2017
“This proposal represents a bold step to enact much needed tax reform,” said Chairwoman McDaniel. “For too long businesses and people in this country have been burdened by an unnecessarily complex and overreaching tax code that has stifled wage and job growth. President Trump’s proposal will go a long way toward restoring economic prosperity by prioritizing middle class tax cuts, enacting business tax reform, and encouraging investment and job growth.”
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COUNCIL ON FOUNDATIONS STATEMENT REGARDING WHITE HOUSE TAX CUT STATEMENT
Council on Foundations
APRIL 26, 2017
“Today’s White House statement on its tax reform position clarifies the first step in what will be a long process towards meaningful tax reform. We are especially pleased to see the White House recognize the importance of the charitable deduction. We look forward to seeing even greater clarity from the White House in the coming months on its position."
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CLUB FOR GROWTH ON TRUMP TAX PROPOSAL: THIS IS WHAT PRO-GROWTH TAX REFORM LOOKS LIKE
Club for Growth
April 26th, 2017
“The Trump Administration’s tax reform proposal is massively pro-growth,” said Club for Growth president David McIntosh. “Cutting rates and eliminating deductions will put the U.S. squarely on the path of sustained economic growth, and allowing small and mid-size businesses to use a new 15% business tax rate is crucial to that growth. This is the tax plan that the American people supported when they elected President Trump, so House Republicans would do well to give it their full support.”
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Tax cuts increase take-home income, grow economy and create jobs
Americans for Limited Government
April 26, 2017
“President Trump’s outline for cutting taxes for individuals makes sense and will lead to most Americans enjoying more take home pay than they do today. Lowering the number of tax brackets and the associated top and lowest rates, along with increasing the standard deductions, keeping the home mortgage and philanthropy deductions while changing the maximum deductibility of state and local income taxes makes sense.
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TESTER SPONSORS BIPARTISAN LEGISLATION TO ELIMINATE TAXPAYER-FUNDED PORTRAITS OF GOVERNMENT OFFICIALS
Senator Jon Tester - (D - MT)
April 20, 2017
Tester's bipartisan Eliminating Government-Funded Oil-Paintings (EGO) Act will end a long-time perk for politicians by prohibiting federal agencies from using taxpayer dollars to commission official portraits of government employees. The federal government has spent hundreds of thousands of dollars since 2010 on official oil-painting portraits of former employees.
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Taxpayers Pay Twice
Senator Rand Paul - (R - KY)
April 20, 2017
Americans collectively spend countless hours pouring over paperwork to make sure their taxes are correct, and they can keep as much of their own money as possible. While one would hope the agency that collects those taxpayer funds would show the same diligence, today’s Waste Report tells the story of an IRS that failed to recover over $76 million in “unallowable expenses” to government contractors. Though the IRS spent nearly $6 million more of taxpayers’ money for audits to identify those costs, the agency often failed to take basic steps in response and lacked vital details needed to thoroughly track and evaluate the recovery efforts.
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Shelby Introduces Legislation to Establish Flat Tax
Senator, Richard C.Shelby - (R - AL)
April 18, 2017
“On Tax Day, the American people are reminded that our nation’s tax code is unnecessarily complex, confusing, and inefficient. The SMART Act is a straightforward solution that would require taxpayers to only file a simple postcard size return, which would save Americans time and money. The SMART Act would also allow businesses to redirect resources away from tax compliance and instead focus on expanding their businesses and creating jobs.”
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On Tax Day, Senators Ask Government Watchdog to Review Tax-Time Products
Senator Tammy Ducksworth (D - IL)
April 18, 2017
U.S. Senator Tammy Duckworth (D-IL) joined the Ranking Member of the Subcommittee on Financial Institutions and Consumer Protection, U.S. Senator Elizabeth Warren (D-MA), and U.S. Senator Al Franken (D-MN) today in asking the Government Accountability Office (GAO) to conduct a review of the tax-time financial products most commonly used by taxpayers, as well as the transparency of and fees charged for these financial products.
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Not appropriate for Consumer Financial Protection Bureau to engage in PR piggybacking
Senator Michael B. Enzi - (R - WY)
April 11, 2017
“We do not believe the CFPB has the authority to use the IRS as a conduit to solicit Americans’ stories about money. Additionally, since the CFPB is funded by a transfer of non-appropriated funds from the Federal Reserve System’s combined earnings, we question whether it is appropriate to use taxpayer dollars …to advertise the CFPB,” the senators wrote. “The CFPB is supposed to be an independent organization, we do not believe the Treasury Department should be soliciting information on behalf of the entity. We respectfully request that Treasury’s Bureau of Fiscal Service curtail this practice...”
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