The Tax Reform Opportunity

May 23, 2017

Even in a highly polarized Congress, there is broad support for reforming the U.S. tax code. Tax reform done right would promote economic growth, reduce complexity, increase transparency and fairness, and improve the nation’s fiscal outlook. Yet getting major tax reform across a goal line has always been elusive.

At the 2017 Fiscal Summit, Wall Street Journal tax policy reporter Richard Rubin led a conversation with House Democratic Whip Steny Hoyer (MD-05) on goals for tax reform legislation, the specific proposals under discussion, and how to overcome deeply entrenched interests across the economy.

Rubin followed this installment with an interview with Chairman of the House Ways and Means Committee Kevin Brady (R-TX).


House Democratic Whip Steny Hoyer, (MD-05)

As House Democratic Whip since 2011, Congressman Hoyer is the second-ranking member of the House Democratic Leadership. He is charged with mobilizing the party vote on important legislation, shaping House Democrats’ legislative priorities, and delivering the Democratic message. Congressman Hoyer previously served as House Majority Leader from 2007 to 2011, and as House Democratic Whip from 2003 to 2007.

Congressman Hoyer has helped lead efforts in Congress to invest in job creation and make our economy more competitive. Since 2010, he has spearheaded the bipartisan “Make It In America” plan, which is focused on creating the conditions that encourage businesses to create jobs in the United States.

Congressman Hoyer believes that fiscal responsibility is critical to ensuring that we have the resources to invest in our future and restore certainty to businesses and workers. To that end, he helped lead the restoration of the pay-as-you-go law, ensuring that our country pays for what it buys, and has been an advocate for a big and balanced approach to putting our nation on a sound fiscal path.

Congressman Hoyer and his wife, the late Judith Pickett Hoyer, have three daughters: Susan, Stefany, and Anne; son-in-law Loren Taylor; grandchildren Judy, James Cleveland, and Alexa; and great-grandchildren Ava, Braedon, and Brooklyn.

Richard Rubin, U.S. Tax Policy Reporter, The Wall Street Journal

Richard Rubin is the U.S. tax policy reporter for The Wall Street Journal in Washington, focusing on the intersection of taxes, politics and economics. Before joining the Journal in 2015, he covered tax policy for Bloomberg News and Congressional Quarterly. He also wrote about local government and transportation policy for The Charlotte Observer. He is a native of New Jersey, a graduate of Duke University, and a resident of Washington.

COALITION FOR FISCAL AND NATIONAL SECURITY

A new statement urging policymakers to stabilize our national debt and renew and rebalance our national security strategies.

THE TAX REFORM OPPORTUNITY

Video: Our tax code is complex, unfair, and insufficient. Learn more about the opportunity we have to reform and improve tax policy.