Ted Cruz is trying to sell the GOP’s tax reform efforts with a postcard

13 Sep , 2017 Business

Ted Cruz

WASHINGTON — Sen. Ted Cruz of Texas made his pitch on tax reform Wednesday, as Republicans gear up for their next major policy goal after the failure to repeal and replace the Affordable Care Act earlier this year.

Cruz delivered a speech at Hillsdale College’s Kirby Center in Washington, where he called for several major themes in the coming tax reform debate, including reductions to individual and corporate rates, encouraging repatriation, allowing immediate expensing, and more.

One point Cruz emphasized was a plan most Republican lawmakers have championed in the push for the first major tax policy overhaul in three decades — simplifying the way an individual files their annual taxes.

Cruz noted the desire to limit tax filing so that it can be simple enough to fit on a document the size of a postcard. The small size of the document, Cruz said, “means Congress can’t come and add a whole bunch of other provisions.”

“The simple — now look, I wouldn’t put it past them to say let’s print it in four point font, so you need a magnifying glass,” he added. “But the beauty of the postcard is simply the limitations of this is it, no more.”

One of the areas Cruz …read more

Source:: Businessinsider – Finance

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