HM 7089 - House Memorial on Pro-Growth Tax Reform

• Urges Congress to enact comprehensive tax reform, citing that the current tax code has not been significantly updated in 30 years and exceeds 75,000 pages.

• Contends that the United States imposes among the highest income tax rates on small businesses and corporations globally, putting American employers at a competitive disadvantage.

• Identifies four specific tax reform priorities: permanently lowering tax rates, repealing the estate tax and alternative minimum tax, moving to territorial taxation, and implementing full business expensing.

• Directs copies of the memorial be sent to the President of the United States, both chambers of Congress leadership, and all members of the Florida congressional delegation.