FICPA Fed Tax Committee Meets with IRS and U.S. Rep. Vern Buchanan

On April 3, the FICPA Federal Taxation Committee hosted a Tax Reform and IRS Liaison Town Hall Meeting for approximately 25 CPAs from throughout the state. FICPA Federal Taxation Committee Chair Byron Shinn, managing partner of Shinn & Co., introduced U.S. Rep. Vern Buchanan.

Congressman Buchanan is co-chair of the bipartisan, 29-member Florida Congressional Delegation and currently serves on the powerful House Ways and Means Committee, which has jurisdiction over tax policy, international trade, health care, welfare, Social Security and Medicare. Buchanan is chair of the Oversight Subcommittee, a key watchdog panel with investigative authority over all issues under the full committee’s jurisdiction, including health care, the IRS, welfare, Social Security and Medicare. Congressman Buchanan introduced the Main Street Fairness Act to ensure small businesses – which account for 94 percent of all businesses in America – never pay a higher tax rate than large corporations.

Congressman Buchanan said it’s time to focus on tax reform and pass-through as we have not had this opportunity since 1986. He said the current tax code punishes ordinary Americans and suffocates business growth, and that it’s time to fix the economy by simplifying the tax code and reducing rates on individuals and business. He said small businesses are our nation’s job creators and employ about half of our nations’ private-sector workforce. He is optimistic we will get tax reform done in this Congress. Congressman Buchanan had an open discussion with the committee, addressing their concerns and listening to ideas and suggestions.

Full article, here: