The Office of Management and Budget director promised big things in the area of tax reform — by going tiny.
OMB Director Mick Mulvaney told Fox News host Martha MacCallum Wednesday that the Trump administration plans to strip the U.S. tax code down to its essentials and basically start from scratch.
Clip[ via Fox News Channel
The federal tax code is enormously complicated, consisting of approximately 10 million words written on 70,000 pages — and since 1955 it’s been growing at the rate of more than 144,000 words per year.
“Tax discussions have been going on since we got here in January,” the former South Carolina congressman said.
Mulvaney told MacCallum on “The First 100 days” that the administration is “taking a big dive under the theory ‘go big or go home.’”
He attributed this goal to having for the first time a real businessman occupying the White House.
“We’re going to take the tax code back to a blank piece of paper and rebuild it from the ground up.”
Mulvaney is also at the tip of the spear when it comes to fulfilling Trump’s promise to “drain the swamp” of Washington, D.C.
That was exactly what everyone has wanted to hear for a long time.
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