Our current tax code is too complex, inefficient and long overdue for reform. The last major reform occurred 29 years ago when President Reagan signed the 1986 Tax Reform Act. Over this period of time, the tax code has grown by more than 40,000 pages. Additionally, according to the National Taxpayers Union, the cost of tax preparation cost taxpayers and businesses an estimated $202.1 billion this past year, due to 6.1 billion hours in labor lost complying with the tax code. I believe we must streamline our tax code, broaden our tax base and lower rates across the board. Making these changes will benefit the economy and protect hard-working South Dakota families from higher taxes.