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Article: REP. GOODLATTE REINTRODUCES LEGISLATION TO SCRAP TAX CODE
- Article from:
- US Fed News Service, Including US State News
- Article date:
- January 17, 2007
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Rep. Bob Goodlatte, R-Va. (6th CD), issued the following press release:
Rep. Bob Goodlatte today introduced bipartisan legislation, the Tax Code Termination Act, to abolish the Internal Revenue Code. He has been joined by over 65 members, both Republicans and Democrats, who have cosponsored his legislation.
"The current tax system has spiraled out of control," said Rep. Goodlatte. "With Americans devoting a total of 7.4 billion hours each year to comply with the current tax code, we need tax simplification."
This legislation will repeal the entire tax code, except portions that deal with Social Security and Medicare by December 31, 2010, and calls on Congress to approve a new Federal tax ...