Written By: Congressman Kevin Brady (TX-08) "This week is the worst week of the year for many Americans. It is the annual hassle to find the documents and paperwork to file your IRS tax return – this year due by Tuesday, April 18. It takes Americans 8.9 billion – that’s billion, not million – hours to comply with IRS paperwork according to the Office of Information & Regulatory Affairs. This is the same as having 4.3 million full-time workers doing nothing all year but gathering tax return paper...
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A key Republican explains why he wants to reinvent taxes, not just cut them There’s an easy way to cut taxes in Washington, and there is a ludicrously hard way. The easy way is just to cut tax rates. The hard way is to cut rates while also limiting some deductions; the ludicrously hard way is to do all that while also taxing something that was not taxed before, to help offset the cuts. That sort of effort is more commonly known as “comprehensive tax reform,” and Washington hasn’t really pulled i...
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The chairman of the House Ways and Means Committee told Breitbart News the new Border Adjustment Tax is the way for Capitol Hill conservatives to support President Donald Trump’s efforts to reform the tax code and reverse American trade disadvantages, as well as unleashing trillions of dollars currently sitting on the sidelines. “We know what our competitors do to beat us,” said Rep. Kevin Brady (R.-Texas), who took over one of the House’s most powerful committees from Speaker Paul Ryan (R.-Wis....
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The GOP Congress aims to deliver tax cuts and a replacement for Obamacare by August, the chairman of a powerful House committee told CBN News. Texas Rep. Kevin Brady heads the Ways and Means Committee, where all bills dealing with taxation must originate. Brady spoke with "700 Club" host Pat Robertson on the show Thursday morning. On tax reform, he said the committee will propose a plan cutting tax rates for all and introducing a "post-card" filing system for most Americans that will make the pr...
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A group of chief executive officers are praising House Republicans' proposed border-adjustment tax as the debate escalates. Border adjustability, which would subject imports to U.S. tax and exempt exports "is consistent with the tax policies of nearly every other country in the world, and it would effectively end the 'Made in America' tax that creates an unfair advantage for foreign-based companies at the expense of U.S. jobs and economic growth," the CEOs wrote in a letter to congressional lead...
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The nation's broken tax code will be fixed in 2017, even if Democrats won't participate in the reform efforts, House Ways and Means Committee Chairman Kevin Brady said Friday. "I would love to have the Democrats on board," the Texas Republican told Fox News' "Fox and Friends" program. "They know the economy is struggling. Actually, they have got, we think, some good ideas. I don't know if they will engage or not." The bottom line, though, is that later this year, Republicans will use a budget pr...
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Rep. Brady: Goal Is to Strengthen Economy, Not Dollar Rep. Kevin Brady, Republican from Texas, is chairman of the House Ways and Means Committee, which means he is the central figure when it comes to tax legislation coming out of the House. He explains the need for a border-adjustment tax and the work being done in Congress to draft a final tax bill in the first half of this year in an interview with Bloomberg's David Westin on "Bloomberg Daybreak: Americas." WATCH INTERVIEW HERE
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House Republicans crafting a tax overhaul plan are exploring ways to design a bill that will allay concerns about a proposed import tax, Ways and Means Chairman Kevin Brady (R-Texas) said at a Washington forum. Brady said at a Georgetown Law School forum that he has been asking for “ideas to make sure we get the design right, the mechanics right and the transition right.” But there would be no special exceptions for any kind of importers, he said. The comments capped a week that saw the launch o...
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