Griffin: Tax Day is a 'Powerful Reminder of the Need for Comprehensive Tax Reform'

Apr 15, 2013 Issues: Tax Reform

LITTLE ROCK – Congressman Tim Griffin (AR-02), a member of the Ways and Means Committee, issued the following statement regarding “Tax Day,” the day on which individual income tax returns are due to the federal government:

“Anyone who’s done their own taxes knows that our 60,000-page tax code is too complex.  Americans spend $168 billion and six billion hours just complying with tax laws annually.  These shocking numbers are a powerful reminder of the need for comprehensive tax reform.  Unlike President Obama – who’s latest budget calls for a $1.1 trillion tax hike – I believe Americans deserve a fairer, simpler, and flatter tax code.”

The President’s proposed budget raises taxes by $1.1 trillion.

According to the Tax Foundation, Tax Freedom Day is April 18 – the day when the nation as a whole has earned enough money to pay off its total tax bill for the year.  This year, Americans will pay $2.76 trillion in federal taxes and $1.45 trillion in state taxes, for a total tax bill of $4.22 trillion, or 29.4 percent of income.  April 18 is nearly one-third of the way into the year.