This weekend, conservatives from around the country flock to Washington, D.C. for the annual CPAC Conference. Over the past 40 years, this event has featured iconic conservatives, including President Ronald Reagan, President George W. Bush, and Karl Rove, and serves as a platform for discussion around the biggest issues of the day. This year, newly-elected President Donald Trump and many of his advisers and cabinet picks will dominate the stage to lay out their vision for the next four years.
While the repeal of the Affordable Care Act may be the biggest issue that our new President and Congress are currently tackling, the other main policy that the attendees and the American people want to hear about is the new Administration’s plan for comprehensive tax reform. President Trump made promises about tax reform throughout his campaign and now is the time to discuss and execute his vision.
In a timely occurrence, Secretary of the Treasury, Steve Mnuchin, said today that a proposal for “significant tax reform” will be introduced by August. He said that this plan will be” focused on middle class tax cuts and making the business tax more competitive with the rest of the world.” This is great news for the American people and businesses, who simply cannot wait any longer dealing with our outdated code.
This is undoubtedly a sign that President Trump’s administration is committed to tax reform, but we need more than just verbal commitments and tentative timelines to achieve this once-in-a-generation opportunity. If President Trump wants to truly Make America Great Again, he will look to President Ronald Reagan’s ability to work together with Congress back in 1986, the last time the tax code was updated. Tax reform should include reducing rates across the board, simplifying the tax code, and closing loophole.
All Americans are looking to President Trump and Congress to seize this momentum and pass comprehensive reform THIS YEAR! Hopefully, he will discuss tax reform as his top priority on his agenda in his address to CPAC and get to work with Congress immediately thereafter. The time is now.