Newt Gingrich: “I wanted to start by talking about the moral case for tax cuts, because I think we don't talk often enough about why tax…”

“I wanted to start by talking about the moral case for tax cuts, because I think we don't talk often enough about why tax cuts matter and why we are attempting to not just balance the budget, but to balance the budget with a smaller Government so we can reduce taxes and offer tax relief for the American people. We start with the premise that taxes are too high, that the Tax Code is too complicated, that it takes too much of the average American's time to earn the money to pay taxes, that it takes too much of the average American's time to fill out their tax forms, to keep the tax records, possibly to pay for an accountant or a tax attorney; and that the effect of our current very complicated Tax Code is to make life harder, particularly harder for small business men and business women who are particularly hard-hit by the complexities. My older daughter, Kathy Lubbers, runs a little company called the Carolina Coffee Co. in Greensboro, NC, and she called me recently and said that they estimate that they have to have 7 days of sales just to pay their Federal, State, and local taxes, and that does not count the cost of redtape and the cost of filling out all the forms and keeping all the records.”