WASHINGTON – Members of congress are continuing to hammer out a tax reform plan that could put $600 back into the pockets of taxpayers.
According to Congressman Tom Reed (R-Corning), the draft tax reform proposal, released last week by House Ways and Means Committee Chairman Dave Camp, has garnered bipartisan praise based on the draft’s savings for taxpayers and its simplification of the 70,000 page tax code. In addition, Reed said the proposed changes would also correlate to an additional $600 a year for the average tax payer.
Reed says much of the leg work has already been done to reform a tax code that hasn’t seen comprehensive reform since 1986. While Reed said this draft is not the final product or the perfect proposal, he is looking forward to having the conversation with constituents and colleagues.
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