Right now, the current federal tax code is a convoluted and broken mess. Since 1986, the tax code has grown more than 70,000 pages, and in the last decade alone, more than 4,400 changes have been made to the code. It is known that 90 percent of Michigan families and small business owners today either pay someone to negotiate the maze of tax forms and deductions, or purchase commercial software to aid in filing tax returns. All totaled, Michigan residents spend over $160 billion and about 6 billion hours a year trying to comply with the tax code.
I am working for Michigan’s Eighth District to reform and simplify the tax code so that it may be simpler, fairer and limit the many loopholes in the current system. Most importantly, I believe lowering tax rates will not only create jobs and strengthen our economy, but also allow taxpayers to keep more of the money they worked so hard to earn. By making the tax code more conducive to families, we can stimulate job growth and get our economy back on the road to recovery.
More on Tax Reform
Congressman Mike Bishop (MI-08) talked about H.R. 2315, to simplify the state income tax code, in an effort to help workers save and businesses grow.
IRS Commissioner John Koskinen testified before the House Judiciary Committee on Sept. 21, 2016, in relation to the articles of impeachment that have been brought against him due to his handling of their agency’s apparent unfair targeting of conservative groups seeking tax exemption status.
Congressman Mike Bishop (MI-08) discusses the need to repeal Obamacare by discussing two of many local examples from the district over the last year. In 2016, the average price of healthcare premiums under Obamacare is expected to rise an average of 12.56% nationally.