House Speaker Ryan Visits Boeing and Talks Taxes in Washington

Date: September 06, 2017

 

House Speaker Paul Ryan visited Everett’s Boeing plant alongside U.S. Rep. Dan Newhouse to discuss the importance of upcoming tax reform efforts, reports the Seattle Times. Ryan spoke about the benefits to factories and the need to lower tax rates, pointing to the current tax code and indicating that it currently incentivizes companies to produce goods overseas.

“We’re trying to reverse the incentive so that it makes sense to make things in America,” said Ryan according to the Seattle Times.

Ryan reiterated a desire to simplify the individual tax code so that returns could fit on a postcard, and blamed the current tax system for keeping the economic growth under 3 percent.

“If we can get that faster economic growth, that translates into higher take-home pay,” Ryan said according to the Seattle Times.

NFIB is a strong proponent of legislators’ efforts to overhaul the tax code and continues to fight to reduce the tax burden on small businesses.

“To be clear, tax reform should result in a tax code that is easier to comply with, ensures that small businesses have rate parity with their larger competitors, and reduces tax rates for all small businesses,” wrote NFIB president and CEO Juanita Duggan in a letter to the House Ways and Means Committee. “America’s small business owners and NFIB stand fully prepared to do everything in our power to help make tax reform a reality.”

Related Content: Small Business News | Economy | Washington

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