President Donald Trump and congressional Republicans are proposing a far-reaching, $5 trillion plan that would cut taxes for corporations and potentially for individuals, simplify the tax system and nearly double the standard deduction used by most Americans.
Rep. Elise Stefanik (R-NY-21) issued the following statement on the release of a tax reform framework negotiated by President Trump and Republican Congressional Leadership:
“The last time our tax code was reformed was 1986, when I was just two years old. Since that time, the tax code has grown to over 3 million words and 85,000 pages. This suffocating bureaucracy and inefficiency stifles growth, kills jobs and costs hard working North Country families money that should be kept in their pockets. It’s time for comprehensive tax reform.
“During my meetings with constituents and businesses across our district, tax reform is a frequent topic of conversation, whether with families, manufacturers or our North Country farmers. I am soliciting feedback and input on this framework from stakeholders and hardworking families in the district.
“I believe that any tax reform plan should make the code flatter, fairer and simpler for families and businesses in our district, should allow middle class families to keep more of their paychecks, and should lower taxes on our small businesses so that they can compete around the globe.
“I applaud President Trump and my colleagues in Congress for making this a top priority and for unveiling this framework today, and I look forward to representing the North Country during the tax reform process.”