Williams Talks Tax Reform on CNBC

WASHINGTON, DC – Congressman Roger Williams (R – Austin), a member of the House Financial Services Committee and a second generation small business owner, joined Squawk Box on CNBC Wednesday morning to discuss his tax reform plan, Jumpstart America.

Jumpstart America will do the following:

Cap Individual Tax Rate to 20% and 30% for those making more than $1 million/ year

Lower Corporate Tax Rate to 20%

Make Permanent a Repatriation Tax of 5%

Preserve LIFO Accounting

Lower Capital Gains and Dividends Tax Rate to 15%

Allow for 100% Expensing of Fixed Asset Purchases

Implement Payroll Tax Cut of 2% for Employee and Employer

Repeal Inheritance Tax

Jumpstart America is supported by Americans for Tax Reform and former Congressional Budget Office director, Douglas Holtz-Eakin.