Just days ago in his annual State of the Union address, President Obama said ‘the best thing we could do on taxes for all Americans is to simplify the individual tax code’. The President stated he was prepared to work with the Congress in this effort. I couldn’t agree more. For a number of years now I have introduced bipartisan legislation, the Tax Code Termination Act, to abolish our current tax code. My legislation, which I recently introduced in this new Congress, can be the impetus for overhauling and simplifying our tax system.
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