Fwd: [FAIRTAX_DD] WYDEN, GREGG INTRODUCE 'BIPARTISAN TAX FAIRNESS AND SIMPLIFICATION ACT OF 2010'
From: Philip Hinson [mailto:plh001@...]
Sent: Monday, March 1, 2010 01:48 PM
To: 'FairTax District Directors'
Cc: 'Georgia FairTax', 'FL FairTax', 'SC FairTax', 'NC FairTax', 'AL FairTax',
Subject: [FAIRTAX_DD] WYDEN, GREGG INTRODUCE 'BIPARTISAN TAX FAIRNESS AND SIMPLIFICATION ACT OF 2010'http://gregg. senate.gov/ news/press/ release/? id=17a33d25- df43-44cc- b336-85cf0cd523f 1
Washington, D.C. - As Congress readies for the inevitable partisan debate over how best to address the expiring 2001 and 2003 tax cuts, U.S. Senators Ron Wyden (D-Ore.) and Judd Gregg (R-NH) today offered a bipartisan solution. The "Bipartisan Tax Fairness and Simplification Act of 2010" takes a comprehensive approach to reforming the tangled web of nearly 10,000 exemptions, deductions, credits and other preferences that currently clutter the U.S. tax code in order to create a simpler and fairer system that American workers and businesses can more easily navigate. By eliminating many of the tax expenditures that benefit narrow special interests, Wyden-Gregg offers fiscally responsible tax-relief to the middle class and growth opportunities for American businesses to create jobs and compete globally.