Yesterday, Congressman Aaron Schock (R-IL), a member of the House Ways and Means Financial Services Working Group, issued the following statement regarding the release of the Joint Committee on Taxation (JCT) report on the Ways and Means Committee Tax Reform Working Groups.
“For over two years the committee has been engaged in a full review of the current tax system. Today’s release of the JCT report is another step toward the completion of comprehensive tax reform this Congress, which will result in a fairer tax code and lower rates for all. As the code stands now, the system is too costly, too complex and too time consuming for individuals and employers. Reforming the tax code is a commonsense and essential part of growing the economy and providing the environment job creators need to have the confidence and certainty to expand their businesses and hire new employees.”