Tags: Trump Tax Reform | kevin mccarthy | tax code | tax day | house majority leader | speaker of the house

You'll Never File Under This Tax Code Again

Image: You'll Never File Under This Tax Code Again
House Majority Leader Kevin McCarthy, R-Calif. (Michael Brochstein/AP)

By    |   Monday, 16 April 2018 06:17 PM

Tax Day is here, and nobody is happy about it. But with the bitterness of forking over money to Uncle Sam, trying your best to actually follow the tax code — a code that seems designed to be unintelligible — and worrying you are always paying more than you should, there is some sweetness.

This is our last year ever filing under this ridiculous, complicated, punitive tax code.

Congressional Republicans passed, and President Donald Trump signed the Tax Cuts and Jobs Act last year. People have already seen the benefits from lower tax rates: higher take home pay, businesses investing in American communities and creating American jobs, and millions of people receiving tax cut bonuses and reductions in their utility charges. In my district in California, the average family of four will receive a tax cut of nearly $2,000.

Yet, all these wins are just part one of the Tax Cuts and Jobs Act. As time goes on, our economy will grow, wages will rise further, and more people will be able to enter the work force. Perhaps best of all for everyone who dreads the days (or even weeks) it takes to file their taxes, this is the last year we will ever have to file under the old tax code.

No more trying to figure out what you can and cannot deduct. No more trying to parse your way through mountains of paperwork or hours of online programs. No more looking ahead to tax day with fear. Over 90 percent of Americans will be able to file their taxes in minutes.

On top of all of those benefits, this week the House is voting to make some major reforms at the IRS. The Taxpayer First Act authored by Rep. Lynn Jenkins, R-Kan., orders the IRS to restructure to fit our new, simplified tax code, demands better customer service from our nation's tax collectors, and institutes reforms to avoid mistreatment of taxpayers and needless tax litigation.

Likewise, Rep. Mike Bishop's, R-Mich., 21st Century IRS Act requires the IRS to improve cybersecurity and identity protection, especially to stop tax refund fraud, and allows more people to file online, including with debit or credit cards.

From tax rates to the tax code to the IRS, Congress is enacting cuts and fundamental reforms. The tax code of tomorrow is designed to actually serve the American people, not punish them. So, while it might be too much to ask people be happy filing their taxes this year, we can at least be happy knowing we will never have to file under this tax code again.

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There is some sweetness to Tax Day: This is our last year ever filing under this ridiculous, complicated, punitive tax code, House Majority Leader Kevin McCarthy, R-Calif., writes in an exclusive for Newsmax.
kevin mccarthy, tax code, tax day, house majority leader, speaker of the house
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2018-17-16
Monday, 16 April 2018 06:17 PM
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