Taxes

tax form and coinsThe U.S. tax code is over 4 million words long, riddled with complexities and loopholes that have been added to the code since the last rewrite, which was over 25 years ago.  Our burdensome tax code is holding our economy back.  The United States has the highest corporate tax rate in the industrialized world, and The World Bank ranks the U.S. 62nd on the ease of paying taxes in its Doing Business study.  It is so difficult for individuals to pay their taxes that nearly ninety percent of Americans either purchased a computer program, or hired a tax professional in order to comply with our current code.

Studies have shown that reforming both our corporate and individual tax code has the potential to unleash economic growth and job creation. The Ways and Means Committee is working to make the U.S. the most competitive tax jurisdiction in the world to unleash American innovation.  By closing loopholes and lowering rates, we can create a tax policy that is simpler, flatter, and fairer for everyone.  

More on Taxes

Feb 10, 2017 Press Release

Wheaton, IL — This week, U.S. Representative Peter J. Roskam embarked on a “tax tour” throughout Chicago’s western and northwestern suburbs.

He was recently named Chairman of the Ways & Means Tax Policy Subcommittee, a key legislative perch from which he is expected to play a leading role in the first major overhaul of the nation’s tax laws in over three decades.

Feb 2, 2017 Press Release
I'm glad to see so many great American companies stepping up to the plate and recognizing the need to end the 'Made in America' tax
Jan 9, 2017 Press Release
He is expected to play a leading role in the first major overhaul of the nation’s tax code in over three decades
Sep 22, 2016 Press Release
Today we took a big step toward delivering justice for victims of IRS abuse.
Sep 14, 2016 Press Release
Experts testified on the rising costs of higher education and how some institutions are using their tax-exempt endowments to fulfill their charitable purposes and reduce costs for students.
Jun 24, 2016 Press Release
Everybody knows we need something new and now House Republicans have put forward a bold plan – a better way.
Jun 22, 2016 Press Release
If Boeing goes through with this deal, the company will forever be associated with Iran's chief export: radical Islamic terrorism.
Jun 15, 2016 Press Release

Washington, D.C. — Yesterday, the U.S. House of Representatives overwhelmingly passed the Preventing IRS Abuse and Protecting Free Speech Act. The bill eliminates the requirement for churches, charities and other non-profit groups to disclose confidential donor information to the IRS.

U.S. Representative Peter J. Roskam, the bill’s author, released the following statement:

“Today the House took an important step on our continued march to rein in the IRS and protect taxpayers.

Apr 19, 2016 Press Release
House Ways and Means Oversight Subcommittee Chairman Peter Roskam delivered the following opening statement at an Oversight hearing on the Tax Filing Season.
Apr 14, 2016 Press Release
It’s a common-sense solution to help millions of Americans navigate our cumbersome and confusing tax code.