Buchanan Calls for Tax, Spending Reform on Tax Day
“U.S. Tax Code is Longer than the King James Bible”
WASHINGTON – On the morning of the official tax filing deadline, U.S. Rep. Vern Buchanan, R-FL, today called for the reform of the U.S. government’s tax and spending policies.
“Americans are paying a record amount in taxes to fund a bloated and inefficient federal bureaucracy,” Buchanan said. “Hardworking families are struggling under a complex and punishing tax code. Our tax policies should incentivize job creation and economic growth, not punish people for working hard.”
According the non-partisan Congressional Budget Office, the federal government collected a record amount of taxpayer money in the first half of fiscal year 2016 – nearly $1.48 trillion. Of this amount, nearly $1.2 trillion came from individual income taxes and payroll taxes.
“Simplifying the tax code and bringing down tax rates for families and small business owners will give the American economy a much-needed boost,” said Buchanan. “But we must also rein in federal spending. I’ve called for a Constitutional balanced budget amendment to ensure that Washington lives within its means.”
According to the Internal Revenue Service (IRS), it takes the average American taxpayer 13 hours to complete a tax return. Buchanan noted that the tax code is over one million words long – more than 200,000 words longer than the King James Bible. It is so complex that even former IRS commissioner Douglas Shulman admitted that he cannot prepare his own tax return.