At his CNN town hall Monday night, Speaker Paul Ryan made clear his commitment to tax reform.
Speaker Paul Ryan, speaking at a CNN town hall in Wisconsin on Monday night, emphasized his commitment to getting tax reform done.
“We want a tax code built for growth, built for economic activity. We want a tax code that raises wages, keeps American companies in America,” Ryan said.
Ryan argued that tax reform, combined with regulatory reform, could help the economy and wages grow.
The speaker also highlighted the need for tax reform that businesses faced under the current system, telling the story of a small business in Wisconsin:
According to Ryan, the small electrical company struggled to compete with its main rivals in Canada, given the distinctly lower tax rates that benefited its competitors.
“If we keep taxing our job creators, our businesses at much, much higher tax rates than our foreign competitors tax theirs, we’re going to lose,” he argued.
Ryan also asserted that reforming the tax code was a principle of basic “fairness:”
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