Expressing the sense of the Congress that the Internal Revenue Code of 1986 should be fundamentally reformed to be fairer, simpler, and less costly and to encourage economic growth, individual liberty, and investment in American jobs.

[AI summary unavailable — showing source text] States that Congress: (1) encourages and supports a national debate on fundamental reform of the Internal Revenue Code; (2) agrees with the most recent Economic Report of the President which identifies reducing complexity, improving economic incentives, and achieving fairness, as key objectives of Code reform; and (3) as part of this national debate, will begin hearings to examine the case for, and the possible options for, Code reform.…