The federal government continues to spend money we don't have and issue regulations that reduce revenues and stunt job creation. This is a bad combination. Our federal tax code has grown to be too big and too complex. Instead of promoting the growth of U.S. jobs, wages, and the economy, our tax code is working against us. In 1960, 17 of the 20 largest global companies were headquarted in the United States. Now that the U.S. imposes the highest corporate income tax rate in the developed world, this number has dropped to six. I’m committed to cutting down on needless regulations, reducing wasteful spending, and simplifying our tax code in order to restore economic growth and the jobs that come along with a healthy economy.
More on Taxes
This past week the House of Representatives took a historical step forward and passed a comprehensive tax reform package. The last time the tax code was reformed was 1986, and since then, it has become convoluted, burdensome and has started working against Coloradan families and businesses. It is past time for tax reform, and the House delivered on its promise to provide relief for Americans at every income level.
WASHINGTON D.C. — Congressman Scott Tipton (CO-03) voted to help Coloradans keep more of the money they earn, grow U.S. jobs and support a globally competitive America by supporting the Tax Cuts and Jobs Act (H.R. 1). The bill passed the House with a vote of 227-205.
Congressman Scott Tipton (CO-03) issued the following statement after the House Republican Conference unveiled the United Framework for Fixing Our Broken Tax Code:
A member of Congressman Scott Tipton’s staff will hold office hours throughout the Third Congressional District. During these mobile office hours, Tipton’s staff will be able to assist constituents with issues regarding Social Security, Medicare, Medicaid, Veterans Affairs, Bureau of Land Management, U.S Citizenship and Immigration Services, the Internal Revenue Service as well as acquiring American Flags flown over the United States Capitol and several other constituent services. Appointments are not necessary and all constituents are welcome to attend.