The Time is Right for Tax Reform

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It’s that time of year again and the Beatles’ famous lyrics are more real than ever as the U.S. tax code has grown to over 5,000 pages. When our government last embarked upon real tax reform in 1986, the IBM PC Convertible “laptop computer” had only been in existence for six months, and programs such as Turbo Tax that handle our complex tax filings were still in their infancy.

Legislative Update

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Paying Down the Debt This week, Congressman McHenry announced that he and several of his colleagues on the Financial Services Committee have sent a letter to President Obama regarding the repayment of tax dollars by banks.  A few banks have begun to repay the taxpayer funds that the federal government used to bail them out.  Congressman McHenry’s letter to the President calls for those…

McHenry Takes Stand Against IBT

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I am writing in response to the Hickory Daily Record’s September 29th editorial titled “Quit bickering, look for solutions.” As your congressman, there is nothing more important – nothing more critical – than taking a stand for the economic future of western North Carolina. The Interbasin Transfer (IBT) proposal is one such issue where I refuse to keep silent and let the chips fall where…