Rep. Jim Renacci (OH-16) today released the following statement on Chairman Camp’s tax reform proposal:
“As a Certified Public Accountant (CPA) and former business owner for nearly 30 years, I can attest that our tax code is broken. It is too complex, contains too many loopholes, and serves as a barrier to job growth. At a time when our labor force participation rate is the lowest it’s been in decades, we should be doing everything we can to advance solutions that will strengthen our economy and allow hardworking Americans to bring home bigger paychecks.
“Since joining the Ways & Means Committee, I have advocated for a simpler, fairer tax code that will encourage our small business to hire and expand and provide relief to individuals and families who continue to grapple with the complexities of our current system. Over the past year, I participated in bipartisan working groups and multiple hearings that led to Chairman Camp’s comprehensive plan for tax reform.
“I join the millions of Americans across the country who reject the status quo. It’s time to overhaul our tax code and pave the way for the job creation and economic growth that our country needs. I thank Chairman Camp for his leadership on this important issue and for opening up the discussion draft for debate. I look forward to closely reviewing the proposal and hearing feedback from the public.”