I think simplifying our tax code would be an excellent way to help grow our economy. Our tax code right now is 70,000 pages. Cost of compliance [with the tax code] is hundreds of billions of dollars. That's stunning fact. So, no, I mean to simplify the tax code and if you could really simplify it, get away with a lot of the tax expenditures, what they call them, to actually lower rates would be the best possible way of doing it. (03:29–03:33)
CLAIM
Asserts that complying with the U.S. tax code costs hundreds of billions of dollars.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
