Washington — In his just-published autobiography, “Speaker: Lessons from 40 Years in Coaching and Politics,” House Speaker Dennis Hastert R. -Ill., categorized the federal tax code as “archaic and over-encumbered” while potential overhaul measures include the elimination of the Internal Revenue Service.
At a book signing last week at the National Press Club, the speaker also identified the hot-button issue of outsourcing as the by-product of an unwanted confluence tax policy, the soaring expense of litigation and over-regulation.
He also pointed out that while American companies are faced with the added burden of value-added taxes when shipping products to other countries, foreign concerns do not reciprocate when shipping wares to the U.S.
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