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Rubio: “Tax reform should serve as an opportunity to vastly simplify the tax code, rid our code of unfair biases and special interest carve-outs, close the gap between statutory and effective tax rates, lower marginal tax rates, transition to a territorial tax system, eliminate the double taxation of income, and emphasize principles of economic freedom and opportunity.”
Washington, D.C. – U.S. Senator Marco Rubio (R-FL) called for meaningful tax reform as the Senate Committee on Finance prepares to address the federal tax code. Rubio highlighted his concerns with the current tax code and shared ideas for reforming this broken system in a letter to Senate Committee on Finance Chairman Max Baucus and Ranking Member Orrin Hatch.
“Sadly, too many of our colleagues, on both sides of the aisle, are not interested in the pro-growth tax reform that is needed to reinvigorate our economy and reduce the tax burdens of American families, individuals, and small businesses,” Rubio wrote. “Some want to use tax reform as a vehicle to redistribute income; others want to raise net tax revenue to fund an even more expansive government than the one we have today.
“Tax reform should serve as an opportunity to vastly simplify the tax code, rid our code of unfair biases and special interest carve-outs, close the gap between statutory and effective tax rates, lower marginal tax rates, transition to a territorial tax system, eliminate the double taxation of income, and emphasize principles of economic freedom and opportunity,” Rubio continued.
The full text of the letter is available here.