Obama on the Record: Taxes

Finally, we need to simplify a monstrous tax code that is far too complicated for most Americans to understand, but just complicated enough for the insiders who know how to game the system. So I’ve already started by asking Paul Volcker and my Economic Recovery Board to do a thorough review of how to simplify our tax code, and to report back to me by the end of this year. It’s going to take time to undo the damage of years of carve-outs and loopholes. But I want every American to know that we will rewrite the tax code so that it puts your interests over any special interests. And we’ll make it easier, quicker and less expensive for you to file a return, so that April 15th is not a date that is approached with dread every year.

Now, I just had a conversation with these wonderful Americans, and like people I talked to all across the country, they’re not looking for a free ride. Every single person here is working hard and deserves a chance to get ahead. And they’re a family like — families like the Kirkwoods, who just want to own their own business and put away some money away for their kids’ college tuition. And they’re workers like Clark Harrison, behind me, who has worked hard and wants to be able to purchase that first home. They’re business owners like Alan Givens, who wants his company to sustain itself through bad times as well as the good. And I was encouraged to hear that Alan’s business is going strong on a whole bunch of clean energy measures that he’s helping to promote in his area.

For too long, we’ve seen taxes used as a wedge to scare people into supporting policies that actually increased the burden on working people instead of helping them live their dreams. That has to change, and that’s the work that we’ve begun. We’ve passed tax cuts that will help our economy grow. We’ve made a clear promise that families that earn less than $250,000 a year will not see their taxes increase by a single dime. And we have kept to those promises that were made during the campaign. We’ve given tax relief to the Americans who need it and the workers who have earned it. And we’re helping more Americans move towards their American Dream by going to school, owning a home, keeping their business and raising their family.

So on this April 15th, we’re reminded of the enormous responsibility that comes with handling peoples’ tax dollars. And we’re renewing our commitment to a simpler tax code that rewards work and the pursuit of the American Dream. And I just again want to personally thank all of the families, folks who join me here today, because they inspire me to do what I do every single day.

All right, thank you, everybody.

(Source: White House)

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