Tax Reform
As a small business owner, I understand the challenges posed by our nation’s burdensome tax code. With a tax code more than ten times longer than the Bible, it is clear reform is needed, and the tax burden on American families is far too great. Lower taxes mean more dollars in the pockets of American families and job creators, which means more money being put back into the economy and more money for businesses to grow. This will, in turn, lead to increased revenue.
I have supported a variety of efforts to simplify and reform our tax code. My Rising Tides Act would lower our corporate tax rate to allow us to be more globally competitive, and allow American companies to bring back overseas profits without punishing them through double taxation.
I have also supported other efforts – such as the Fair Tax Act and the Death Tax Repeal Permanency Act. I also voted for legislation repealing the 1099 mandate placed on small businesses by the President’s health care reform. In all, I have cosponsored twelve bills to start the process of fixing our broken tax code.
It is time to put money in the private sector and not in the hands of the government. It is time to restructure the tax code to one that is workable and advocates growth, savings, investment, and economic freedom.