It was a great talk about job creation and reforming tax law to something that makes sense.–seen on twitter.
Tom is a member of the Corning Rotary Club; he probably faced a very friendly audience. Here is what the Rotary Club weekly newsletter had to say about Tom’s speech:
Congressman Reed feels that the most important issue at hand is to get the economy going. He would also like to see legislation on comprehensive tax reform and immigration. He said that the people have spoken in the November 4, 2014 election.
The people may have spoken, but what did they say? The audience reportedly asked questions, but Reed’s answers weren’t recorded.
Tom’s official web page has more info on Tom’s views on taxes and jobs:
Reed has gained a reputation of fighting for job creation through tackling our national debt, reducing burdensome regulations on small businesses – our country’s drivers of private-sector job growth, – reforming the tax code to make it simpler, fairer, and less costly, and developing an “all-of-the-above” comprehensive energy policy.–Tom’s official bio
The tax code is broken. It is a burden to taxpayers who must comply with over 70,000 pages of provisions and regulations. Each year, families and small businesses find themselves collectively spending more than six billion hours and $160 billion dollars to file their taxes. This is an unnecessary drag on our economy and robs taxpayers of time better spent with their family and growing their business.
There are so many special loopholes and special rules that roughly 90 percent of taxpayers must use either special software or paid professionals to help navigate and prepare their tax return.
Over the last two decades, other countries have aggressively modernized and simplified their own tax systems. Today, the United States has the highest corporate tax rate in the industrialized world, making it harder for U.S. companies to grow and compete in the global economy. Comprehensive tax reform would foster the right climate to invest and create jobs in America instead of shipping those jobs overseas. — Issues/Tax Reform
- Tom would rescind regulations, burn more coal, gas, and oil, and simplify the tax code to create jobs.
- Tom would simplify the tax code by cutting corporate taxes.
Tom’s talk at the Rotary Club was probably more of a victory lap than a serious policy address. Tom seems to prefer to address a friendly audience.
© William Hungerford – December 2014