Outdated Tax Code Holding Back Economy, Toomey Says
U.S. Sen. Pat Toomey says it is time to rebuild the outdated federal tax code
By Melissa Daniels | PA Independent HARRISBURG — It’s been more than 25 years since the federal government took a long hard look at the tax code, and Pennsylvania’s Sen. Pat Toomey says it’s time to rebuild it from scratch. He said 1986 was “the last time we looked at really, really making improvements to our tax code, and in the meantime it’s been littered with all kinds of debris that Congress has thrown in it.” Toomey spoke to members of the Pennsylvania Press Club in Harrisburg recently, taking questions on multiple topics, from the election to the economy. He didn’t shy away from lending his support to GOP counterparts Gov. Mitt Romney and Senate hopeful Tom Smith. But Toomey, a former president of tax-reform interest group Club For …
