Wyden-Gregg Bipartisan Tax Reform Would Enhance Economic Freedom
Anthony B. Kim /
In a time when the usage of the word “bipartisan” spawns cynicism among taxpayers across the 50 states, a recent bipartisan Senate bill stands out as an exception. “The Bipartisan Tax Fairness and Simplification Act of 2010,” introduced by Senators Ron Wyden (D-OR) and Judd Gregg (R-NH), is a serious bipartisan effort to overhaul our current tax code that most economists and business people agree constitutes one of the most damaging drags on U.S. competitiveness and economic recovery.
To succeed, Wyden and Gregg will need to swim against a tide of populist anti-corporate dogma and convince their colleagues to make the necessary adjustments to keep our economy competitive and flexible. Considering the fact that our nation has stood almost alone in having resisted tax reforms, and currently has the second highest corporate tax rate among advanced nations, tax reform is an urgent priority for promoting fairness and efficiency in our economy, restoring our economic freedom, and increasing prosperity.