Tax Relief for All Americans

By Tom Cole U.S. Congressman, 4th District

In 1986, then President Ronald Reagan introduced a sweeping plan to reform our nation’s tax system, and it worked. It simplified the outdated tax code which opened the door for individual prosperity and spurred economic growth. It also became one of the highlights of his presidency.

Since then, our society has grown and the value of the U.S. dollar has changed. The working middle-class taxpayer today probably does not have the same priorities as he/she did in 1986. After five different administrations following Reagan, our country has yet to see a major overhaul of our tax system to fit the needs of every class of Americans. It’s time that we adjust, simplify, and reform our broken tax code.

 

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