As you know, the tax code in this country is vast, often contradictory and indecipherable. On average, more than one new tax provision has been added to the tax code each day, with nearly 4,500 changes in the last decade. As a result of our current complicated, 70,000-page tax code, U.S. businesses and families spend nearly 3.25 billion hours and $37 billion annually on filing compliance alone.
The problem is not that we tax our citizens too little; it is that we spend too much. Tax rates cannot go up indefinitely and are not a solution to the hard choices we must make as a nation. Accordingly, I am committed to reducing the tax burden on all Americans and fighting the culture of spending in Washington.
A simpler, fairer tax code without all the loopholes will be fairer for everyone, bring jobs home, help make American innovators and manufacturers more competitive, and boost the spending power of all hardworking taxpayers.