Making a difference…
issue by issue
The goal of tax policy is to maximize economic
growth not tax revenues.
- High tax rates discourage growth.
- Excessive and discriminatory taxes discourage savings and investment.
- Tax code complexity exacerbates the tax burden.
The Direction for Change
To Achieve the Greatest Growth
- Tax cuts should be permanent, not temporary.
- Reduce the top personal and corporate income tax rates.
- Shift to a simple and fair flat tax.
- Lower business taxes means greater prosperity
and ultimately stronger
- Cut spending.
- Abolish the capital gains tax.
- Expand individual savings accounts.
- Keeping taxes low leads to greater economic
growth and more jobs for a
state. More jobs for a state means a larger income base that can be taxed.
- High tax rates discourage taxpayers and
investors, and businesses
discover that it is not profitable to employ as many people.
- Businesses don't pay taxes, people pay taxes
through work force
reduction, higher prices, reduced shareholder dividends, reduced
for employees, and moratoriums on growth plans.
- Foregoing tax rate reductions in order to balance the budget or pay down
the debt means less growth and bigger government.
- Legislators should ignore the politics of class and envy.
- Excessive spending causes budgetary shortfalls.
- Policies that promote entrepreneurship and job creation.
- Focus on the long-term goal of tax reform.
CFC sponsors a Taxpayer
Protection Pledge program. Has your state
representative and state senator signed the pledge? If not, why not?
Find out here.
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