House Ways and Means Committee Chairman Kevin Brady (R-TX) on March 2, 2016, released a mission statement and broad policy goals for the Task Force on Tax Reform that he chairs in advance of the first idea forum.

The Tax Reform Task Force was announced by Republican leaders earlier this year as one of the focus areas for the development of a pro-growth agenda to present to the nation. Chairman Brady has described a dual effort this year to produce a House Republican blueprint detailing a vision for comprehensive pro-growth tax reform, while separately working to draft and try to advance an international tax reform proposal.

Chairman Brady said the mission statement for the task force is to, "Create jobs, grow the economy, and raise wages by reducing rates, removing special interest carve-outs, and making our broken tax code simpler and fairer."

Principles include ensuring a competitive tax system for both large and small businesses; and ending "the tax code's encouragement of the shift of jobs overseas," by helping US companies compete in the global economy and reducing the tax penalty for bringing overseas earnings home to invest in America.

Policy reforms described in the statement aim to:

— Lower tax rates for families, small businesses, and corporations.
— Eliminate special-interest carve-outs.
— Reduce complexity in the tax code.
— Reduce the double taxation of savings and investment.
— Reduce the tax bias against headquartering businesses and locating jobs in America.

The full statement is attached.

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