We need a tax code that lets companies like mine fairly share success with our shareholders.
We need a tax code where everyone gets a fair shake, and everybody pays their fair share.
FORBES: Three Crucial Words Missing From President Obama's Speech Prove He Is Clueless
That includes a tax code that rewards companies who invest and create jobs in the United States of America.
But there is another negative impact of a tax code filled with a mix of obvious and obscure preferences.
FORBES: Raise Taxes To Clinton-Era Levels? How About Spend At Clinton-Era Levels?
So the principle is simply that we should not have a tax code that allows for that kind of imbalance.
Taxpayers deserve better than hurried Washington insiders behind closed doors tweaking the minutiae of our tangled labyrinth of a tax code.
FORBES: The Fiscal Cliff: How To Call The Big Spenders' Bluff
In a tax code of 70, 000 pages there are innumerable ways for high-income earners to seek out and use ambiguities and loopholes.
FORBES: Will "Hauser's Law" Protect Us from Revenue-Hungry Politicians?
Income streams from real enterprises were nil anyway in the context of negligible economic growth and a tax code un-indexed for inflation.
From then on Reagan could never understand why we tolerated a tax code that punishes people who want to do more, create more.
It is no surprise that each is either punished or rewarded by a tax code that is elbow-deep in everything they do.
FORBES: Corporate Tax Reform: The Winners And Losers Problem
Ryan, unfortunately, is holding a one-way conversation on entitlement reform, fiscal responsibility and reforming a tax code to incentivize, not punish, entrepreneurship and economic prosperity.
FORBES: The Collapse of Europe's Welfare State Exposes its False Hopes -- Is America Next?
"The American people deserve a tax code that helps small businesses spend less time filling out complicated forms and more time expanding and hiring, " he said.
Such a tax code actively discriminates against U.S. workers and smaller corporations which cannot afford the high priced lobbyists and accountants or employ overseas entities to shelter income.
FORBES: The Choice Of 2012: Obama Austerity vs. Romney Growth
"We are going to make sure that we have a tax code that makes our industry competitive with other countries, " the ranking Republican on the Senate Finance Committee said.
So we know American manufacturing can succeed in this country -- high-tech manufacturing, advanced manufacturing -- but we've got to make sure we've got a tax code that encourages it.
Having a tax code that rewards companies that are shipping jobs overseas instead of companies that are investing here in the United States -- that will not make us more competitive.
Apple Chief Executive Tim Cook is preparing to testify at the hearing, and is expected to propose changes to a tax code that provides American companies strong incentives to keep overseas earnings bottled up at foreign subsidiaries.
WSJ: Apple Pays No Tax on Much of Its Overseas Income, Senate Panel Finds
So from the start, my concern was making sure that we had a tax code that was fair and that protected the middle class, and my biggest priority was making sure that middle-class taxes did not go up.
The first is whether Congress would be willing to rewrite the tax code as part of the budget reconciliation process, which would foreclose a filibuster in the Senate and allow the chamber of pass a tax code rewrite with just 51 votes.
FORBES: Taxes and Paul Ryan's Budget: What's Clear, And What Isn't
But thanks to a tax code that allows for the deduction of state taxes levied against the federal bill, those in low tax states are forced to subsidize the living desires of the individuals who choose to live in high tax states.
Lower tax rates will reduce people's incentive to avoid tax and a simplified tax code should also provide fewer opportunities for avoidance in the first place.
The Ryan budget anticipates sufficient cuts in tax preferences so that a rewritten tax code raises the same amount of money as current law.
FORBES: House GOP Would Need $5.7 Trillion In Tax Hikes to Offset Ryan Rate Cuts
Daniel Rostenkowski, the Democratic head of the House Ways and Means committee, wanted to close loopholes in the interest of a cleaner tax code and was looking for a signature achievement to boot.
Even without a tax-code overhaul, Congress could eliminate some tax breaks to reduce the deficit.
Of course there are separate and powerful arguments for letting people who know how to invest wisely keep what they make so they can make more good investments, but Americans for Tax Reform does not exist to help rich people exploit a byzantine tax code.
FORBES: How Much Of A Stretch Is It For John Kerry To Pin Supercommittee Fail On Grover Norquist?
Then there is the bedrock question of how much money a new tax code should raise.
FORBES: Will Obama Call For Tax Reform In State Of The Union Speech?
There are so many that starting over with a new tax code arguably makes more sense.
The idea was that this would be a prelude to a larger tax code overhaul.
He has pushed for a just budget and a fair tax code to relieve our deficit.
And anyway, beyond entitlement reform, the next priority is to devise a better tax code.
应用推荐