A Nebraska Congressman says broad-based, fundamental tax reform could grow the economy. Brent Martin has talked with him. . .
A Nebraska Congressman says broad-based, fundamental tax reform could grow the economy. Brent Martin has talked with him. . .
Brent Martin; soc
Congressman Adrian Smith says the biggest problem with the federal tax code is how complicated it is.
Another problem, of course, are the loopholes. . .
Congressman Adrian Smith; "public policy in place"
Smith says any move to reform the tax code would have to be revenue neutral. But, he says a simpler and fairer tax code would spur economic growth, bringing more tax revenue into federal coffers.
Congressman Adrian Smith says the top priority of the new Congress should be to reform the federal tax code.
Smith says the deal reached at the end of last year to avoid part of the "fiscal cliff" moved the tax code in the right direction. . .
Smith; "growing economy"
Smith says any tax reform would have to be "officially neutral", but he believes a fairer and simpler tax code would generate more revenue for the federal government.
Smith is a member of the House Ways and Means Committee which has jurisdiction over the tax code.
Congressman Adrian Smith says the federal tax code is in drastic need of reform.
Smith, who serves on the House Ways and Means Committee, says compliance with the complicated federal tax code is becoming too costly. . .
Smith; "along side that"
Smith says a fairer tax code would actually bring in more revenue than the current system.
Congressman Adrian Smith says any reform of the federal tax code would have to be official revenue neutral.
But, Smith expects a reformed tax code to bring in more revenue than the current system. . .
Smith; "better public policy"
Smith serves on the House Ways and Means Committee which writes the tax code.
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(courtesy of Nebraska Radio Network)
