The representative of the budget committee Houses of Representatives Kevin Brady pointed out, that the American tax reform, which he expects to offer at the beginning of 2017, “will break even” on a dynamic basis of winning, which is additional revenue from increased economic growth.
During a television interview with Fox News on November 16, Brady discussed how the Republican faction and president-elect Donald Trump will “co-operate to ensure for pro-growth tax reform.”
He explained that “we provide tax code so honestly and simply, that 95 percent of Americans will be able to use a file with a card system. Second, we reduce the rates for our local businesses and redesigning the way they are taxed, so that they can compete and win anywhere in the world, but especially here at home. And finally … we propose to destroy the IRS, to redesign it in a much smaller, bespoke agency focused on customer service. This is our ‘Built for Growth’ tax plan.”
He told that the plan instead of reducing the tax revenue and to increase the American financial deficit, “will become profitable within the budget, knowing that from it the economy will grow. By our estimates, it will raise economy in America more than by nine percent and will lift the salary almost same amount”.