The Illinois representative said that the United States needed to update its tax code for a modern world.
Rep. Peter Roskam (R-IL) said on Fox News on Thursday that congressional Republicans and the president faced a “once in a generation opportunity to do fundamental tax reform.”
“The last time tax reform happened was 30 years ago, when you think about all the things that have changed in our economy,” he said, noting the many changes that have taken place across the country.
Roskam then listed all of the economic innovations that have made the current tax code irrelevant like the internet, “the shared economy,” and globalization.
“Yet we’ve got a tax code that’s a total throwback,” Roskam said. “Nobody likes it. Nobody’s defending it.”
He called the current situation “an inflection point” that would allow Republicans to “do something really transformational.”
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