Senator Bill Nelson Wants to Eliminate Tax breaks, Subsidies for Big Oil & Simplify Tax code
RE: Your response from Senator Bill Nelson
Thursday, February 9, 2012 4:34 PM
Dear Mr. Dixey:
Thank you for contacting me regarding proposals to change the tax code.
Over the past year, I have heard the concerns of many Floridians about the complicated, confusing, and insufficient nature of the tax code. Much of its complexity is brought on by overly complex deductions, exclusions, and credits designed to subsidize and promote certain activities. Some of these well-intended provisions have created loopholes that allow individuals and businesses to evade taxes or artificially shift income outside the United States, leaving honest Americans holding the bill.
I believe comprehensive tax reform is important for our economy. It will lead to greater certainty for millions of Americans and encourage companies to reinvest their capital here in the United States instead of abroad. By broadening the tax base and eliminating outdated and unnecessary tax breaks, such as the subsidies for the largest oil companies, we can simplify the tax code, improve our global competitiveness, and reinvigorate American ingenuity.
Even though political partisanship has made meaningful tax reform extremely difficult to achieve, I am committed to finding bipartisan solutions that ensure economic opportunity for all. I am hopeful the Senate will soon take up and consider reforms that provide an equitable fix to the tax system.
I appreciate your taking the time to let me know how you feel about this issue. Please do not hesitate to contact me in the future.