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Congressman Albio Sires

Representing the 8th District of New Jersey

Tax Reform

I support reforming our tax system in a way that will create jobs, strengthen the middle class, encourage entrepreneurs, and help small businesses grow and hire.

As our economy recovers, I am proud to have worked with my colleagues in Congress over the past several years to enact tax breaks in order to assist Americans.  In 2009, 95 percent of all working families received a tax cut through the American Recovery and Reinvestment Act, and most recently Congress enacted legislation to extend the pay roll tax cut through 2012 to save the average American worker $1,000 this year alone.  While these efforts helped vulnerable households during the economic recovery and created jobs, we must continue our work to close the current gap in the tax code.

A comprehensive tax reform plan should ensure that everyone pays their fair share.  For too many years, the tax code has benefited the wealthy at the expense of the majority of Americans.  In many cases, families that are struggling to make ends meet are actually paying a higher tax rate than millionaires and billionaires.  For example, under the proposed “Buffet Rule”, people making over a million dollars would be asked to contribute more into the tax system to level the playing field, while those making less would not see an increase in their taxes.  In addition, it is imperative that we also close tax loopholes for corporations that ship jobs overseas.  Furthermore, we must simplify the tax code because far too often it can be a daunting system that is difficult for individuals to understand and comply with.

I look forward to working with my colleagues in Congress to work on ways to reform our tax code in a manner that supports economic growth, creates jobs, and benefits working families.

More on Tax Reform

Oct 17, 2013
I am relieved that Congress has finally broken through the gridlock that initiated the government shutdown. Although 16 days is far too long for this stalemate to have occurred, thousands of American families woke up today knowing that not only can they pay their bills, but the United States of America can continue paying its bills.
Apr 11, 2013
Washington, DC- Congressman Sires and twenty eight of his Colleagues in the House of Representatives sent a letter to President Obama, urging him to issue an executive order, directing the U.S. Department of Treasury to carry out the Hardest Hit Fund (HHF) and keep families in their homes.
Mar 14, 2013
“This bill changes how we pay for natural catastrophes from an after-the-fact emergency appropriation system to a planned, controlled approach,” expressed Congressman Sires. “With the recent events of Superstorm Sandy my state and my region in particular know the devastation these large-scale natural catastrophes bring to our citizens.”
Jan 2, 2013
(Washington, D.C.)- Congressman Sires supported the passage of the American Taxpayer Relief Act, H.R. 8, to make tax cuts for the middle class permanent. In addition to keeping income taxes low for the middle class, this bill also makes investments in education, clean energy, and manufacturing that create jobs and strengthen.
Sep 21, 2012
Washington, D.C.- Today, Congressman Albio Sires introduced H.R. 6477, the Taxpayer Protection Act. This legislation would create financial mechanisms to ensure that every household can afford insurance and that all families and communities have the means to rebuild and overcome the devastating effects of natural disasters.