I believe our current system of taxation has grown into a confusing, unfair and burdensome system. That does not even take into consideration the mounting cost to run a huge IRS bureaucracy or the cost of an army of CPAs and accountants to prepare the mountains of forms required by current tax law.
I believe we can develop a smooth transition to a new tax system. I am confident that once implemented the Fair Tax plan will be simpler for taxpayers and easier to understand,. I further believe that eliminating the IRS will greatly reduce paperwork, bureaucracy and the drain on our economy. I have testified previously before the House Ways and Means Committee to express my support for the Fair Tax Proposal.
We need to redouble our efforts to ensure that a full and open debate relating to tax reform takes place. Unfortunately, this Congress has not made tax reform a priority. I believe that several tax reform proposals, including the flat tax and national sales tax, have several good aspects. Our system has significant flaws that restrict growth and it is critical that we work to enact comprehensive tax reform legislation.
I have supported and cosponsored H.R. 25 the Fair Tax Bill in the 109th Congress, in 110th Congress, in the 111th Congress and again in this current 112th Congress. The time for Congress to act on the important issue of tax reform is sooner rather than later.