Stance On Taxes
Ben Franklin once famously quipped:
"In this world nothing can be said to be certain, except death and taxes."
What is also certain is that the tax burden on the American people is too high and the tax code has become much too complicated. I am strongly committed to both tax reform and tax reduction.
High taxes impede economic growth and destroy jobs. They erode incentives of individuals both to work longer hours and to invest in their own human capital to increase future earnings. Further, high taxes reduce the incentives of business to accept risk and expand production, leading to stagnation in job growth. I am firmly committed to keeping all taxes on both labor and capital as low as possible.
With that said, taxes will inevitably rise unless the Democratic Congress begins to exercise meaningful spending discipline. As a nation, we are spending beyond our means and endangering our children’s future. It serves no purpose to make promises of improved health care for all our citizens if this and other spending surpasses our ability to pay the bill.
I support:
- Keeping tax rates low.
- Simplification and transparency of the tax code.
- Continuation of the bipartisan tax cuts of 2001 and 2003.
- Elimination or substantial reform of the Alternative Minimum Tax (AMT).
- Permanent repeal of the Estate Tax.
- Adoption of a tax structure to encourage corporations and small businesses to invest in growth and job creation.
- Full deductibility of health insurance for the self-employed.
- Clearly identifying revenue sources for new or expanded programs.
- Eliminating unnecessary redundancies in government agencies and programs.
For More See:
Debt Ceiling Limit Raised 12/17/09
Welcome To The State of North Massachusetts 6/9/09
