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Congressman wants to tackle tax reform when lawmakers return

Some members of Congress are looking beyond health care and hoping to move on to tax reform.  4th District Congressman Jim Himes says there will likely be a partisan debate, but changes are needed. 

 

He acknowledged that event the simplest of tax returns is difficult to do.  Himes says corporate taxes are difficult because of a high corporate tax rate, there's money stranded abroad that could come back here to invest in new factories and plants.

 

The last time comprehensive tax reform was done, was under Ronald Reagan in 1986 when he had an approximate 65-percent approval rating.

 

Himes says a border adjustment tax and eliminating the deductibility of interest expenses for corporations have both been proposed.



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