“Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.” - Ronald Reagan
I believe that the federal government should be prohibited from spending more money than it collects each year. I believe that a constitutional amendment is needed in order to force Congress to live within its means. Our country is drowning in a sea of debt with uncontrolled government spending and a tax system that fails to support the continued growth that our nation’s economy needs. Clear and concise legislation is needed in order to hold the federal government accountable for the abuse, fraud and waste that they expect the American tax payer to subsidize.
The tax relief legislation that was passed in 2001 and 2003 had several positive effects. This legislation reduced the marginal tax rates for families and small businesses. It increased the child tax credit and repealed the unfair death tax. This tax relief legislation is set to expire in 2010.
Our current tax code is simply too invasive. It should be completely overhauled so that American taxpayers can spend more of their own money instead of having the federal government spend it for them. Changing the tax code would also have the added benefit of making America more competitive in the global economy.
One of my quotes for the campaign is “taxation – the ultimate form of invasion of privacy.” We must combat unfair taxes at all levels.