IV 
115TH CONGRESS 
1ST SESSION 
H. RES. 530 
Supporting initiatives by President Trump to create a new age of American 
prosperity by reducing the crushing tax burden on American families 
and American companies. 
IN THE HOUSE OF REPRESENTATIVES 
SEPTEMBER 21, 2017 
Mr. RENACCI (for himself, Mr. MARINO, and Mr. JOHNSON of Ohio) submitted 
the following resolution; which was referred to the Committee on Ways 
and Means 
RESOLUTION 
Supporting initiatives by President Trump to create a new 
age of American prosperity by reducing the crushing 
tax burden on American families and American compa-
nies. 
Whereas not since President Reagan signed into law the Tax 
Reform Act of 1986 has a significant overhaul been made 
to the now 2,400,000 word individual and corporate tax 
codes; 
Whereas 
an 
average 
of 
8,900,000,000 
hours 
and 
$409,000,000,000 in expenses are spent each year com-
plying with Internal Revenue Service tax filing require-
ments; 
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Whereas 72 percent of Americans feel that the ‘‘economy is 
rigged to advantage the rich and powerful’’; 
Whereas the high individual rates in the current tax code 
take too much hard-earned money from ordinary Ameri-
cans struggling to get by, reducing the amount of their 
badly needed take-home pay; 
Whereas our outdated, worldwide tax system discourages in-
creased investment in the United States, effectively trap-
ping foreign earnings in other markets and fueling the 
migration of American businesses to lower-tax countries; 
Whereas the United States currently taxes businesses at the 
highest statutory rates in the developed world, inhibiting 
their ability to hire and train new workers, raise wages 
for workers already on the payroll, and invest in research 
and new equipment; 
Whereas it is evident from widespread research that com-
prehensive tax reform could prompt business investment, 
productivity gains, and increase output and wage growth; 
Whereas cross country comparisons demonstrate that effec-
tive corporate tax rates have a large and significant ad-
verse effect on corporate investment and entrepreneur-
ship—raising the effective tax rate by 10 percentage 
points reduces the investment rate by 2.2 percentage 
points; 
Whereas our current tax scheme is a complicated web of de-
ductions, which reduce the effective rate, but create dis-
tortions and preferences (picking winners and losers), as 
well as onerous compliance costs; 
Whereas lowering the rates would bring the United States 
more in line with 85 other developed countries, encour-
aging businesses with a global footprint to expand their 
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operations in the United States by enabling them to com-
pete on an even playing field with foreign-based competi-
tors; 
Whereas a 2017 Organization for Economic Cooperation and 
Development (OECD) study suggested expansion to the 
United States economy could come through a corporate 
tax overhaul which would ‘‘drive household consumption 
and investment activity’’ while ‘‘tax simplification for the 
corporate sector would ease the burden, especially for 
smaller enterprises, which have recovered sluggishly from 
the financial crisis’’; and 
Whereas rate cuts have shown themselves to be a reliable cat-
alyst for growth: Now, therefore, be it 
Resolved, That the House of Representatives— 
(1) affirms the leadership and commitment of 
President Trump to simplifying the tax code for all 
Americans so that it is simple, fair, and easy to un-
derstand; 
(2) supports tax relief that will benefit Ameri-
cans by raising their standard deduction, increasing 
the child tax credit, and lowering tax rates substan-
tially; 
(3) supports individual rate cuts that touch all 
individuals and leverage higher rates of economic 
stimulus; 
(4) supports ending the rigged system where 
special interests win at the expense of the middle- 
class; 
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(5) supports tax relief for all businesses of all 
sizes, by reducing rates as much as possible to re-
store America’s competitive edge and make America 
the best place in the world to hire, invest, and to 
grow; 
(6) supports family businesses by not allowing 
the death tax to crush the American dream; 
(7) supports retooling the tax code to give 
American workers a level playing field within our 
international economy; 
(8) supports switching from a worldwide tax 
system that encourages companies to keep their 
funds offshore to a territorial system that encour-
ages companies to bring their profits back home to 
America; 
(9) encourages following regular order as tax 
reform moves forward to ensure the greatest likeli-
hood of success; and 
(10) encourages all Americans to call on Con-
gress and demand delivery of this once-in-a-genera-
tion opportunity to put America first. 
Æ 
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