- Not enactedThe President has not signed this bill
- The senate has not voted
- The house has not voted
Committee on RulesCommittee on Ways and MeansIntroducedJanuary 6th, 2015
- house Committees
The current tax code is a labyrinth of loopholes and penalties that is utterly incomprehensible. A new tax code based on lower rates will benefit taxpayers — and this bill makes the time to get it done.
Bad things happen when Congress sets itself arbitrary deadlines, and if this bill were to pass and Congress couldn’t the new tax code passed in time, the uncertainty could be catastrophic for the economy.