On the recordFebruary 27, 2014
For more than four decades I have owned my own business. I am a business guy, and I can say with certainty that today's economy is the hardest economy our country has seen from a small business standpoint. Taxes and regulations are killing businesses, stifling growth, and preventing educated, qualified individuals from becoming job creators themselves. America's Tax Code deals some of the harshest penalties for those who contribute most to the economy. We have the highest corporate tax rate in the world, and the top wage earners pay most of the Federal income taxes. To restore fairness for all taxpayers, we need to cut the corporate rate to a real 25 percent, and collapse the current six tax brackets to just two, at 10 and 25 percent. We need to cut the capital gains tax, the dividends tax, and eliminate the inheritance tax. We need an improved R&D tax credit to give the American manufacturers the ability to compete globally. With these cuts, we need to ensure that hard-earned taxpayer dollars taken by the IRS are no longer subject to waste, fraud, and abuse. In the end, it is about simplifying and enabling American businesses to compete worldwide, putting more money into Americans' wallets than Uncle Sam's, and creating cash flow and opportunity for America. It is a winning formula. It has worked before. Let's try it again. In God we trust. ____________________
