UNITED STATES CONGRESSMAN GARY MILLER Proudly Serving California's 31st District

Washington, Aug 3, 2012 - Click here for entire Capitol Connection Newsletter  The complex and burdensome U.S. tax code imposes significant compliance costs on American taxpayers and job creators. At a time when our economy continues to struggle to grow, our corporate tax rate – the highest in the world – is weakening our ability to compete globally. On Thursday, the House passed H.R. 6169, legislation that will establish a framework for Congress to consider comprehensive tax reforms in 2013 in an expedited manner. To be eligible for this accelerated process, the tax reform bill under consideration must consolidate the current six individual income tax brackets into no more than two brackets with a top rate of not more than 25 percent; repeal the alternative minimum tax; reduce the corporate rate to 25 percent or less; and broaden the tax base to maintain revenue levels to 18 or 19 percent of the economy. Congressman Miller supported H.R. 6169 to create a pathway for essential tax code reforms that will reduce the tax burden of hard-working Americans and enhance our global competitiveness.