There certainly is a lot of political pressure for states to adopt the new federal tax codes. But there is no law that requires them to do so.
Everyone now has a sacred cow in the tax code. For my money, the most sacred thing of all is our country and its growth, but the sacred cows have turned into a pack of wolves.
Simplification of the tax code would not only unlock dormant economic potential, but, in the process, it would blunt the preferred weapon of social engineers, who reward favored industries, punish success and distort economic incentives.
The U.S. tax code was written by A students. Every April 15, we have to pay somebody who got an A in accounting to keep ourselves from being sent to jail.
The whole tax code should be looked at, all the way from farm subsidies to carried interest to - to corporate loopholes, because we really need to raise more revenue.
Moreover, from reforming the tax code to our immigration system, to commonsense legal reform, President Bush put America on notice that he will continue fighting to make the country, and the world, a better place for future generations.
Fairness has not been enhanced by the tax code, but lobbyists have been made rich, politicians have been re-elected, and the economy has been made to suffer.
I am very concerned about anything that says 'revenue' because let's just be honest; revenue for Democrats has become code for tax increases.
The bottom line is we need a tax code that is more simpler, that is more fairer, that gets rid of the special carve-outs, the special lobbyist loopholes. That's the direction we need to go.
There are three legs of the stool; spending, entitlements and making the tax code fair and equitable. That's the three legs of the stool. If we do all of those in a responsible, bipartisan way, I think the American people would all be very, very happ...
President Obama has ignored or dismissed proposals that would address our anti-competitive tax code and unsustainable trajectory of federal debt - including his own bipartisan National Commission on Fiscal Responsibility and Reform - and submitted no...
Obama's view of the tax code is inherently political: Whom can we hit next? Energy companies, jet owners, bankers? Instead, the question should be how to promote economic efficiency by raising revenue without trying to manipulate corporate or persona...
I'm for tax reform, not tax increases.
Let me respond with a few points, the first being that all immigrants pay taxes, income taxes, property taxes, sales taxes, gasoline taxes, cigarette taxes, every tax when they make a purchase.
I support both a Fair Tax and a Flat Tax plan that would dramatically streamline the tax system. A Fair Tax would replace all federal taxes on personal and corporate income with a single national tax on retail sales, while a Flat Tax would apply the ...
A letter may be coded, and a word may be coded. A theatrical performance may be coded, and a sonnet may be coded, and there are times when it seems the entire world is in code. Some believe that the world can be decoded by performing research in a li...
I can make a firm pledge, under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes.
No one making less than $250,000 under Barack Obama's plan will see one single penny of their tax raised, whether it's their capital gains tax, their income tax, investment tax, any tax.
Nothing is certain but death and taxes.
... economists recognize that, other things equal, cuts in tax rates reduce tax revenues in percentage terms by less than the tax-rate reductions. Similarly, tax-rate increases do not raise tax revenues by as much in percentage terms as the tax-rate ...
The word 'code' turns out to be a really important word for my book, 'The Information.' The genetic code is just one example. We talk now about coders, coding. Computer guys are coders. The stuff they write is code.
