Williams Tax Proposals Included in GOP Tax Plan
WASHINGTON, DC – Congressman Roger Williams (R – Austin), author of tax reform plan Jumpstart America, today released a statement in support of House Republicans’ tax plan recently outlined in their policy agenda known as A Better Way.
The tax plan incorporates several of Williams’ proposals, including lowering the corporate tax rate from 35 percent to 20 percent, preserving the last-in-first-out (LIFO) method of accounting, incentivizing American companies to bring their businesses back from overseas and allowing job creators to write off fixed asset purchases in the first year.
“I applaud my House colleagues for beginning a serious dialogue on real tax reform,” said Williams. “I agree that our current tax system is too bloated, complex and not competitive for hardworking American families and small businesses to thrive in the global economy which we live. It’s time to simplify our tax code, lower rates and cash flow American small businesses. While I am glad this is being discussed, it is now time to take action.”
Earlier this year, Williams testified before the tax writing committee in the House on his proposals which have the support of Americans for Tax Reform, former Congressional Budget Office director Douglas Holtz-Eakin and former Federal Deposit Insurance Corporation chair Don Powell.
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