Tags: Gregg We Need Tax Simplification

Gregg: We Need Tax Simplification

By Dan Weil   |   Monday, 07 Mar 2011 10:14 AM

Many experts say our tax system is deeply flawed, and former New Hampshire Republican Sen. Judd Gregg agrees. We need to make the system simpler and fairer, he says in The Hill reports.

judd gregg tax reform“America’s tax policy is a disaster. It is excessive, convoluted, chaotic, counter-intuitive and a general mess,” Gregg writes in an opinion piece.

“Alan Simpson and Erskine Bowles, the co-chairmen of the president’s fiscal reform commission, proposed a workable template. Make the federal tax system simpler, fairer (keeping it progressive) and oriented to capital formation and the promotion of individual entrepreneurship.”

As part of that, the corporate tax rate should be cut sharply, and we should shift to a territorial system that will encourage companies to expand in the U.S. rather than sending jobs overseas, Gregg says.




© 2015 Newsmax. All rights reserved.

1Like our page
2Share
InsideCover
Many experts say our tax system is deeply flawed, and former New Hampshire Republican Sen. Judd Gregg agrees. We need to make the system simpler and fairer, he says inThe Hill reports. America s tax policy is a disaster. It is excessive, convoluted, chaotic,...
Gregg We Need Tax Simplification
130
2011-14-07
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved