Oct. 19, 2017 - NTU President Pete Sepp talks about items that are essential to be included in tax reform.
National Taxpayers Union (NTU) today applauded leaders and Members of the United States House of Representatives for fulfilling their promise of delivering much-needed tax relief to Americans by passing the Tax Cuts and Jobs Act.
As tax reform legislation moves closer to a final vote, one would expect taxpayers to be looking forward to being allowed to keep more of their own money. Instead, polls are showing that Americans are actually more opposed to a bill that will cut their taxes than previous tax hikes.
While much attention is paid to the burdens of paying taxes, often overlooked is the burden of filing taxes. In total, taxpayers spend nearly 7 billion hours just to comply with the current tax code, an amount of time worth $263 billion. Because making sense of forms and tax regulations is borderline impossible for most, nearly 90% of taxpayers use a paid service to complete their taxes.
Thankfully, relief is on the way.
Congressional Republicans are poised to release their long-anticipated tax overhaul bill Thursday, after delaying it a day to address lingering disagreements.
The GOP’s primary aim is to cut rates and simplify the tax code. The party suggested the outlines of the bill with a policy framework released on September 27, after nearly a year of hearings and internal discussions of early policy drafts.
A quintet of conservative activists held a conference call Monday to demand that congressional Republicans negotiating a final tax package hold the line on a 20 percent corporate tax rate, and reject proposals to set it at 22 percent. Continue...
Pete Sepp, president of the National Taxpayers Union, is arguing for a 20 percent corporate tax rate, saying that going any higher, even by one or two percent, will make the United States less competitive.
The National Taxpayers Union along with Americans For Prosperity, Americans for Tax Reform, Club for Growth, and Freedom Partners, joined 26 organizations to urge Congress to keep the corporate tax rate at 20 percent.
Enacting tax reform is the most important thing Congress can do to grow the economy, yet new hesitations are being expressed by lawmakers who worry that the tax overhaul will increase the budget deficit. But why? The deficit is the difference between what the federal government spends and what it the government takes in. Put another way: It is the resulting measure of two meaningful metrics, both of which (conservatives typically argue) should be low.
This week, all eyes in Washington are focused on the Big Six and the release of their tax reform framework. But tax reform proponents cannot afford to let this highly-anticipated release distract Congress from first completing the essential task of passing a budget. The Big Six's outline should increase the resolve of congressional Republicans to pass a budget and unlock the reconciliation process, which is a critical part of the tax reform effort. Continue...
The tax reform package passed by the House and Senate will provide relief to millions of individuals, families, and businesses. Let's take a moment to thank congress for delivering strong tax reform before the end of the year.
Thirty years ago, National Taxpayers Union fought for significant reform to our Tax Code. This archive highlights the highs and lows of that campaign as well as pitfalls legislators should avoid today.
On behalf of the undersigned organizations and our millions of supporters, we urge you to swiftly pass comprehensive tax reform that overhauls the tax code for individuals, families, and businesses of all sizes.
Since our founding in 1969, National Taxpayers Union (NTU) has proudly served as the “Voice of America’s Taxpayers.” Our mission: to achieve favorable legislative outcomes using the most powerful, effective pro-taxpayer lobbying team on Capitol Hill and in the states.
NTU is a 501(c)(4) nonprofit, nonpartisan citizen group whose members work every day for lower taxes and smaller government at all levels.
