Davis sounds off on tax reform plan

Davis sounds off on tax reform plan

An area Congressman said a tax reform proposal that was released this week is a great start on the debate to make changes to the system.

The comments from Republican Representative Rodney Davis of Taylorville are in response to a plan by Republican Representative Dave Camp of Michigan that aims to overhaul the tax code system.  Part of Camp's proposal includes reducing the current seven individual tax brackets to two:  a 10% tax rate and a 25% tax rate.  It would also reduce the corporate tax rate from 35% to 25%.

Davis said the economy can be improved if the base tax rates can be lowered for everyone without impacting the amount of revenue for the government.

Davis added that he wants to see a tax plan that benefits everyone, and he wants those who can least afford to pay high taxes to pay less.
He made the comments Thursday on the WDWS Morning Show.

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Sid Saltfork wrote on February 28, 2014 at 8:02 am

Sounds great...  ; but where is the money going to come from to pay the state's obligations, and debts?