Buchanan Statement on Trump Tax Plan
WASHINGTON — Congressman Vern Buchanan, a senior House tax-writer, today released the following statement regarding President Trump’s tax plan.
“The administration’s outline moves us one step closer to meaningful tax reform. It’s now up to Congress and the administration to work together and develop a plan that reduces taxes on middle-income Americans, simplifies personal income taxes and makes our businesses more competitive with other countries. I look forward to taking part in those discussions in the weeks ahead.”
Buchanan noted that the administration’s proposal calls for parity between tax rates for small businesses and corporations – a plan Buchanan re-introduced in Congress in January. Buchanan’s bill would ensure that most small businesses never pay a higher rate than large companies or corporations. The Trump plan calls for both to pay a 15 percent tax rate.
“Tax reform will generate enormous economic growth and create jobs,” Buchanan said.