AUSTIN – The Texas Public Policy Foundation offers the following statements on proposed tax reforms as announced by President Donald Trump this afternoon.

“The key to a healthy economy is growth fueled by American workers freed from government constraint,” said Chip Roy, director of the Center for the Tenth Amendment Action at TPPF. “The draft tax plan has many of the core elements necessary to truly transform our complicated tax code and launch the economic growth necessary both to fuel jobs and to balance our budget. We look forward to working with the Texas delegation and the administration to move tax reform forward and encourage swift but deliberate consideration in the U.S. House and Senate.”

“The best path to prosperity is a job,” said Dr. Vance Ginn director of the Center for Economic Prosperity and senior economist at TPPF. “By simplifying the tax code, reducing individual tax burdens, and cutting the highest corporate tax rate in the developed world, the draft tax plan could finally release the chokehold of the current tax code on the U.S. economy. Congress should move to balance the budget from dynamic economic growth from tax reform along with restraining government spending so that Americans can flourish in a way we haven’t seen in decades.”
 
For more information or to request an interview with Mr. Roy or Dr. Ginn, please contact Alicia Pierce at apierce@texaspolicy.com or 512-472-2700.
 
Chip Roy is the director of the Center for Tenth Amendment Action at Texas Public Policy Foundation.
Vance Ginn, Ph.D., is the director of the Center for Economic Prosperity and a senior economist at the Texas Public Policy Foundation
 
The Texas Public Policy Foundation is a non-profit free-market research institute based in Austin. The Texas Public Policy Foundation aims to advance a societal framework that effectively fosters human flourishing based upon cooperation and mutually beneficial exchange of ideas and speech.