Gibbs Votes to Simplify Tax Code and Reduce Regulations
Washington, D.C.—Congressman Gibbs released the following statement after the House voted to reduce red tape and simplify the tax code.
“Americans file their taxes year after year and the cost, time, and effort it takes to file only continue to increase. According to the National Taxpayers Union Foundation, Americans spend a combined $31.72 billion a year on tax software and other out-of-pocket costs to assist them in filing their taxes.
“This week, the House focused on passing bills to reduce red tape and simplify our complicated tax code. These bills will promote a healthier economy and allow businesses and Americans to grow without the threat of unnecessary costly regulations.”
Below is a list of the legislation the House passed this week to simplify our tax code:
H.R. 650 – Preserving Access to Manufactured Housing Act
H.R. 685 – Mortgage Choice Act
Both H.R. 650 and H.R. 685 address the growing red tape and regulatory overreach that harms consumers and taxpayers Everyday Americans are experiencing the affects these unnecessary regulations are having on banks, their mortgage, and weekly expenses. These two bills aim to reduce regulations and place people on the path to become financially independent.
H.R. 622 – State and Local Sales Tax Deduction Fairness Act
H.R. 622 will make State and local itemized sales tax deductions permanent. This change will provide taxpayers with the certainty they need when planning, encourage economic growth, and help decrease confusion when filing.
H.R. 1105 – Death Tax Repeal Act
This important legislation provides families with the relief they deserve during an emotional time. The Death Tax has affected those who own a small business or a family farm since 1916 and is one of the biggest reasons family businesses ultimately close.
Congressional oversight is necessary for our out of control government and the House continues to work tirelessly to break down the complicated tax code and be the watchdog of the IRS. We also continue to hold investigative hearings to get to the bottom of the corruption in the IRS.