Tags: Trump Administration | Donald Trump | Kevin Brady | Charlie Dent | tax | reform

GOP Rep. Kevin Brady: Trump's Tax Reform 'Best Opportunity in 30 Years'

MSNBC's "Morning Joe"

By    |   Monday, 12 Dec 2016 12:36 PM

Tax reform has a better chance now than in three decades, Rep. Kevin Brady, R-Texas, said Monday.

Brady, chairman of the House Ways and Means Committee told MSNBC's "Morning Joe" "this is the best opportunity in 30 years," since reforms under former President Ronald Reagan, and the plan by House Republicans "is about 80 percent similar" to President-elect Donald Trump's tax reform plan.

"We want a tax code built for growth, literally designed to grow jobs and salaries in the U.S. economy, and we want to leap-frog America back into the lead pack and keep us there, the most pro-growth places on the planet," Brady told the show.

The plan has three key provisions, he continued, one is low rates on job creators "so we can compete and win anywhere." The Second is a "postcard-style" system 95 percent of Americans could use for filing their taxes. And lastly, "we bust up the IRS, we design it for 21st-century agency."

A simplified tax return has a "better than ever" chance of happening and "the American public — they're sick of the tax code the way it is today," Brady said, expressing confidence Americans wanted reforms.

"It's just simplicity, it's just fairness, and they want that."

Brady said the plan is to focus the IRS on customer service and "create such a tax code so fair and simple, we don't need that same old IRS. The other thing is let's focus one mission, customer service."

"Morning Joe" host Joe Scarborough asked Rep. Charlie Dent, R-Pa., also on the show's panel discussion, how lawmakers plan to pay for the number of items Trump has focused on that will be expensive, such as rebuilding the nation's infrastructure.

"Clearly, on the infrastructure package, whatever we do there, we're going to have to find a way to pay for it, regardless of what it is," Dent said. "That's why we're going to need Kevin [Brady's] help here to help us do a tax reform that can help us find the revenue."

"We're going to have to talk about sustainable sources of revenue for infrastructure," Dent continued, and "I don't think you can borrow your way into this. Public/private partnerships are wonderful, but by themselves, we're not going to be able to do the infrastructure bill."

Trump is focused on improving the economy, Brady added, and "I'm still convinced the biggest income inequality is between the person who doesn't have a good paying job and one who does. And that is what's driving this president."

House Republicans are ready to help Trump with his plans when he arrives in office.

"We don't know yet what his first 100-day agenda will be exactly, but on tax reform, on replacing Obamacare, on all the economic issues, we'll be ready for him," Brady said.

© 2017 Newsmax. All rights reserved.

 
1Like our page
2Share
Politics
Tax reform has a better chance now than in three decades, Rep. Kevin Brady, R-Texas, said Monday.
Kevin Brady, Charlie Dent, tax, reform
463
2016-36-12
Monday, 12 Dec 2016 12:36 PM
Newsmax Inc.
 

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