Tax Talk: What They’re Saying

Senate Finance Committee Republicans Committed to Advancing Pro-Growth Tax Reform in Congress

The U.S. tax code is broken. That’s why Congress and the administration are working to create a tax system for individuals that is simpler, fairer and will deliver much-needed relief to middle-class families. Tomorrow, the Senate Finance Committee will take a fresh look at how we can improve the nation’s tax system to make it work better for American individuals and families. And, while members from both sides of the aisle have indicated a shared interest to overhaul the nation’s tax code, Republicans on the Senate Finance Committee have been laser focused on advancing real reforms that will increase opportunities for all Americans.

Here’s a look at what they are saying:

Middle-Class Tax Relief

“My goals for tax reform are actually pretty simple…I believe we must provide middle-class tax relief, simplify the code, and pursue reforms that increase wages, jobs, and economic growth in South Dakota.” — U.S. Sen. John Thune (R-S.D.)
“So what does tax reform mean for you? It means that you can keep more of your hard-earned paycheck, and it will be easier for you to file your taxes. Less paperwork, more money.” – U.S. Sen. Dean Heller (R-Nev.)

More Jobs, Higher Wages, & Increased Economic Growth

“I hope we will be able to find consensus and unite behind pro-growth policies to help lift our nation and increase the standard of living for Americans across the country.” – Senate Finance Committee Chairman Orrin Hatch (R-Utah)
“The time has come to fix the federal tax code…In July, we outlined our shared principles for unleashing the American economy through comprehensive tax reform. Together, we are in agreement that any reform needs to keep American families at the heart of our plan.” – Senate Majority Leader Mitch McConnell (R-Ky.)

Better Opportunities For American Businesses To Compete

“I’m focused on ensuring that this reform effort encourages more investment in America, brings jobs home, and gives American workers a competitive advantage.”—U.S. Sen. Rob Portman (R-Ohio)
“We have a very uncompetitive tax code, where we systemically put large American companies, especially multinational headquarters in the United States, at a big competitive disadvantage…If you are thinking about where you want to be headquartered, you gotta ask yourself, ‘Why do I want to be in the place with the highest of all the tax rates?’” – U.S. Sen. Pat Toomey (R-Penn.)
“There is a lot of money still sitting overseas because our tax situation in the past has encouraged jobs to go overseas. We want to bring the money back and jobs back and put them back to work here in America.” – U.S. Sen. Mike Enzi (R-Wyo.)

A Simplified Tax Code

“I have advocated for years in Congress for simplifying our tax code, lowering rates for everyone, and allowing individuals to save money and time filing their taxes. These commonsense solutions will allow our nation to again be the envy of the world when it comes to opportunity.” – U.S. Sen. Richard Burr (R-N.C.)
“Tax reform is critical for American families. We need a simplified system that encourages success!” – U.S. Sen. Tim Scott (R-S.C.)
“Tax reform is essential to economic growth…it’s past time to simplify our broken tax code so that we can grow our economy, create more jobs and provide tax relief for hardworking Georgians.” – U.S. Sen. Johnny Isakson (R-Georgia)

For more information, visit the Senate Finance Committee’s website at finance.senate.gov/taxreform.

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