Thompson: Tax Reform Should Be for the Middle Class
Washington – Today, Rep. Mike Thompson (CA-05)—senior Member of the House Ways & Means Committee—wrote about his goals for tax reform in The Hill.
“We can make our tax code fairer, more competitive, and more efficient, but it shouldn’t be done by saddling our kids with a ballooning national debt, “ Thompson wrote. “Nor should Congress make promises it cannot keep.
“Simply slashing the corporate tax rate to 15 percent is not going to help middle class families—especially when the beneficiaries are businesses that already pay little in taxes and keep shipping jobs overseas.
“Instead, we should focus our attention on helping hardworking families. I’ve spoken with a number of my constituents trying to provide for their kids while also going back to school so they can land a promotion or expand their career. They could benefit from expanding access to the American Opportunity Tax Credit.”
Thompson wrote this piece in advance of today’s Committee hearing on tax reform.
The entire op-ed can be found online at https://thehill.com/blogs/congress-blog/economy-budget/334048-lets-make-the-tax-code-fairer-for-the-struggling-middle?rnd=1495121751.