On this Tax Day April 15th, Indiana US Senator Republican Dan Coats says Hoosiers still spend too much time and money just getting their taxes done. Here's his statement:
INDIANAPOLIS – Senator Dan Coats (R-Ind.), senior Senate Republican on the Joint Economic Committee, today made the following statement regarding Tax Day:
“Despite positive steps taken by our state in recent years, Hoosiers still spend too much time and money navigating our broken tax system to complete their taxes. Across the country, Americans spend over $165 billion and about six billion hours annually on tax compliance. Given that the federal tax code contains 70,000 pages of complex rules, it is hardly surprising that 90 percent of taxpayers throw up their hands and turn to a paid preparer or computer software to complete their taxes.
“Our tax code is in desperate need of reform, and one of my top legislative priorities remains making our tax system simpler, fairer and more competitive. Comprehensive tax reform now will result in more jobs and economic growth in the future.
“While there is a bipartisan consensus in Congress that reform is needed, the current political climate rewards the status quo. I will continue to make the case in Washington that one of the best ways to grow our economy and strengthen America’s place in the global marketplace is to make tax reform a reality.”
Since returning to the Senate in 2011, Coats has authored a bipartisan tax reform proposal with Senator Ron Wyden (D-Ore) and continues to work with his colleagues on the issue. [News Release]