House Speaker Paul Ryan is encouraging conservatives to engage in debate and rebuff criticisms against the GOP tax reform proposal.
In his remarks at the Heritage Foundation, Ryan said the country’s current tax system is bias against the middle class. The wealthy has the money to pay accountants to use all the loopholes in the tax code.
He emphasized that the current tax code does not offer meaningful relief to Americans. “It makes you shoulder more and more of the burden. It hurts your ability to save and invest.”
Additionally, Ryan noted that other countries are surpassing the United States because they offer lower tax rates to businesses. He said, “Our foreign competitors are more than happy to take the growth in their businesses.” As an example, he said America is losing jobs to China because of its “much, much lower” tax rates.
Ryan said the current tax code is enabling the country’s decline
Ryan pointed out, “This tax code is sapping our aspirational spirit and enabling our decline. So this is no time to shy away from taking on the defenders of the status quo. The special interests who prop up this tax code seek to extract the most value for themselves, even if it means keeping the country on the path of decline.”
