News: Press Releases

(WASHINGTON) – On Tax Day, Congressman John Conyers, Jr. (D-Mich.) released this statement calling on Congress to take steps to reform the U.S. tax code in a fair and equitable manner:

“Tax Day is a reminder to us that, for far too long, the tax code has unfairly benefited the wealthiest in our country at the expense of working and middle class families,” said Conyers.

“Last year, I authored a white paper with my colleagues in the Congressional Progressive Caucus that outlines a vision of progressive comprehensive tax reform. A progressive tax code should invest in the economic future of the United States, promote responsible corporate behavior, limit outsourcing, improve progressivity, include fair rates for the wealthiest taxpayers, reexamine expenditures that benefit the wealthy, and protect benefits that help working families, the poor, and seniors.

“President Obama and Congressional Democrats have consistently sought to ensure fairness in our tax code through reforms that close tax loopholes for corporations and the wealthiest Americans. I look forward to working with my colleagues in Congress in the coming year to pursue tax reforms that reflect our nation’s commitment to fairness and shared economic opportunity. A fairer tax code could include a tax on speculative financial transactions, new tax brackets for the super-wealthy, a carbon tax, and closing the carried interest loophole.”

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The Congressional Progressive Caucus’s Progressive Principles for Tax Reform can be found online here.