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Posted on Tuesday, February 23, 2010

Senators' Wyden & Gregg bipartisan tax plan to grow the economy

Senators Ron Wyden and Judd Gregg (R-NH) highlighted their bipartisan plan to overhaul and simplify the country's tax code in an op-ed published in today's Wall Street Journal.

The Bipartisan Tax Fairness and Simplification Act of 2010 will help middle-class taxpayers by streamlining and modernizing the outdated tax code. The proposal includes fiscally responsible tax cuts to help working families struggling to make ends meet and smart tax incentives to help American businesses companies compete globally and create new jobs. It also eliminates the corporate tax break that encourages companies to invest overseas rather than creating jobs in the U.S.

To read the editorial and see the details of the proposal, click here (subscription required).

For additional coverage, you can read the Portland Business Journal's article, "Wyden tax reforms target businesses, middle class families" - or the article in the Oregonian, "Wyden begins pushing major tax bill up a very steep hill."