U.S. Rep. Rodney Davis (R-Ill.) began his month-long discussions on tax reform with businesses and workers at a roundtable with job creators in Springfield followed by a meeting with the owner and employees of Fox and Hounds Day Spa in Bloomington. The House is working alongside the Senate and White House to pass comprehensive tax reform to lower rates and simplify the tax code for job creators and middle-income families. Major tax reform has not been done since 1986.
“Our federal tax code has not been overhauled in 31 years. The last time we had tax reform, Top Gun was the highest grossing film and the Bears won the Super Bowl. It’s time for an overhaul,” said Davis. “Our plan focuses on middle-income families – we want to make it easier for you to file your taxes and we want you to keep more of what you earn. It focuses on job creators to help level the playing field for American businesses so we can create more jobs here in the United States. Tax reform continues to be the top issue mentioned by my constituents and I’m looking forward to talking to families and business owners throughout August about what tax reform would mean for them.”
"It's not just about Fox and Hounds, it's about the 47 people that work for us. We can't move our business to Canada or Ireland. We need to get something done," said Vickie Tilton, owner of Fox and Hounds Day Spa, on the urgency of reforming our broken tax code. "We thank Congressman Davis for taking the time to meet with business owners in McLean County."
Davis plans to continue these discussions throughout the month of August.
Davis tours Fox and Hounds Salon and discusses tax reform with owner Vickie Tilton.
Davis discusses reforming our broken tax code with members of the U.S. and Illinois Chambers of Commerce in Springfield.
Pro-Growth Tax Reform Plan
For Workers – benefits middle-income families, who are too often forgotten by Washington, by:
• Simplifying – Eliminates special interest loopholes, 9 out of 10 Americans will be able to file their taxes on a simple post card.
• Keeping more of what they earn – Lowers rates for Americans across the board. The Tax Foundation estimates that middle-income families in Illinois will save $5,256 each year.
• Preserving important middle-income deductions – Helps Americans buy a house, pay for college, or donate to charity.
• Allowing Americans to save more – Cuts in half the tax rates on personal savings and investment.
For Job Creators – makes it easier for businesses to create jobs,Tax Foundation estimates it will lead to that more than 70,000 jobs in Illinois, by:
• Separating small business income – Under this plan, small businesses are no longer taxed under individual side, which has rates as high as 44.6%.
• Ending the “Death Tax” – Family farms and businesses will be able to be passed down to future generations without a large tax bill.
• Repealing the Alternative Minimum Tax – Millions of Americans won’t have to calculate their taxes twice every year when this is repealed.
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