State of Delaware secondary Archives: on Tax Reform

Tom Carper: Broaden the base of taxable income by removing deductions

"We have loopholes everywhere but not loopholes for 'We, the people,' " Wade said. "We need to overhaul the tax code, which is 60,000 pages of nonsense, and remove it as an obstacle." Wade said his experience as a business owner would be an asset in the Senate. Carper also said he would support lowering tax rates across the board and broadening the base of taxable income by removing deductions. The plan is similar to others offered by President Barack Obama's deficit reduction commission and Republican presiden