Congresswoman Lynn Jenkins (KS-02), a member of the House Ways and Means Committee, released the following statement regarding the tax reform framework:

“The last time our tax code was reformed was in 1986.  The economy has changed drastically since then and our severely inefficient, bloated and complicated tax code is harming American families.  I have been working for several years now to reform our broken tax code, to make it simpler and fairer. 

“This framework will serve as an outline as Congress takes an important step to reform our broken tax code and replace it with a simpler and fairer code. One that lowers rates for individuals and families so they save time and money doing their taxes and keep more of their hard-earned money. A tax code that helps jumpstart our economy and creates more opportunities for all Americans.

“While some may try to compare this tax reform framework to what was tried in Kansas, the truth is these two reforms could not be more different. Under our framework, everyone pays a lower rate. In terms of pass-through businesses, Congress will lower the rate to 25%, not 0%. Our approach will actually lessen the tax avoidance and simultaneously bring American companies firmly in line with our global competitors.

“There is a lot of information to digest in our tax reform framework, and I would recommend everyone read it for themselves. I look forward to a discussion with Kansans regarding this opportunity to reform our tax code for the first time in 31 years, and will certainly share their thoughts with my colleagues in Congress.”

Notes:

• The tax reform framework can be read HERE.
• A one-page overview can be found HERE.