A Quote by Kevin Brady

Here's my thinking: Since tax reform only occurs once a generation, let's not tweak what we have and call it a day. — © Kevin Brady
Here's my thinking: Since tax reform only occurs once a generation, let's not tweak what we have and call it a day.
Tax reform is a once-in-a-generation opportunity.
Tax reform is the legislative challenge of a generation for America. It hasn't been accomplished since 1986, when President Reagan and Congress delivered the most sweeping overhaul of our nation's tax code in American history. 2017 is the year to change that and make history of our own.
If you have to change the law to get more money, that's a tax increase, and Americans for Tax Reform supports all efforts of tax reform, getting rid of deductions or credits, or something that's misclassified, as long as you at the same time reduce rates so that it's not a hidden tax.
I'm in favor of doing tax reform, but I think tax reform ought to be revenue neutral as it was back during the [Ronald] Reagan years. We've resolved this issue.
Tax reform means, 'Don't tax you, don't tax me. Tax that fellow behind the tree.'
Tax reform means, "Don't tax you, don't tax me. Tax that fellow behind the tree."
I think the Ronald Reagan tax reform proposals are a step toward distributive justice. They redistribute the tax burden more equitably and more progressively among individuals and call upon business to carry a somewhat larger proportion of the total tax load. Both of these are steps toward equity and distributive justice.
Have you ever noticed how statists are constantly "reforming" their own handiwork? Education reform. Health-care reform. Welfare reform. Tax reform. The very fact that they're always busy "reforming" is an implicit admission that they didn't get it right the first 50 times.
The evidence that I see around me in society indicates that not only is thinking very much out of favor, but I'm not sure that the last couple of generations - Generation X and Generation Next, or whatever you want to call them - even know what a thought is, having been raised to be women.
Basically the tax reform ideas are to clean up the tax system and to eliminate the loopholes that only very few make use of, to eliminate the possibility of people making millions of dollars every year and not paying any tax at all through oil depletion allowances and things like that.
I may sound naive, since everyone's decided the next two years are going to be all about 2016, but I look at what's happened over the years when there's been divided government. That's when we've done tax reform, that's when we've done entitlement reform - to move this economy forward on these big issues.
Now, the president would like to do tax reform, which would obviously lower rates for most people in America and make the tax code fair and get rid of loopholes and special treatment. But absent tax reform, the president believes the right way to get our fiscal house in order is ask the wealthy to pay their fair share.
The other thing that's really important in tax reform is making sure that we don't tax American businesses at much higher tax rates than our foreign competitors tax theirs. It is costing us jobs. It's one of the reasons all these American companies are moving overseas.
Our tax code is arcane, burdensome and unwieldy. In the years since Ronald Reagan's 1986 Tax Reform Act, the code has gone from fewer than 30,000 pages to more than 70,000.
I wish that the Democrats would put some effort into Social Security reform, illegal immigration's reform, tax reform, or some of the other real issues that are out there.
I took office as president in January 2003, and in April 2003, I sent to Congress my first proposal for tax reform. Some parts were voted on, with respect to federal taxes, and then it came to a standstill. Why? Because each state is interested in its own tax reform, has its own tax policy, and each state has its federal deputies and senators.
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