The constant pressure to raise taxes must be reversed. Higher taxes stifle hard work, entrepreneurship, investment, innovation, and, ultimately, prosperity.
When federal taxes go up it’s an indication either of mismanagement or of government taking on responsibilities never before envisioned – or both. When voters allow tax increases, we sanction mismanagement. We give up our choices, our individualism and our autonomy.
No nation has ever taxed its way to prosperity.
Retain the Tax Cuts of 2001 and 2003 - Extend the 2001 and 2003 tax cuts immediately.
Eliminate the Death Tax - Everyone knows how unfair it is to tax assets that have already been taxed. Small businesses and family farms are lost to families because of the death tax.
Lower the Capital Gains Tax - Lower the capital gains and dividends tax rate to 10% and index capital gains to inflation. The boom in investment will stimulate the economy and create jobs just as the rate reduction on dividends and capital gains did in 2003.
Lower the Corporate Tax Rate - Lower the corporate tax rate from 35% to 25%. Make our businesses more competitive internationally and help create new jobs. Otherwise, continue to pay for higher priced goods and services as business taxes are merely passed on to consumers.
Alternative Minimum Tax - Permanently index the Alternative Minimum Tax to inflation with a plan for eventual elimination.
Choice - Give taxpayers the option of opting into a simple tax plan in which their taxes could be done on one page. Instead of the current tax behemoth, the voluntary tax plan would constitute across the board cuts in marginal tax rates by proposing three simple rates of 10%, 15%, and 30%.)
Internet Taxes - Ban internet taxes and new taxes on cell phones.
Regulations Cost American Business Trillions - Organize applicable business review boards to work with congressional representatives to overhaul current regulations.
Give Business Voice - Give industry, business, and trades voice in the future regulatory atmosphere that they run their business.
Some government regulations are necessary, but many, perhaps most, are frivolous, unnecessarily intrusive and expensive. The cost of government regulations to consumers is over $1 trillion annually, contributing about a third of the total cost of government to the economy. Regulatory costs almost match the entirety of corporate profits and are seven times higher than the budget deficit. Congress must address this to relieve consumers of unfair cost burdens and to remove these drags on our economy.
How does tax policy affect government revenue? Toni Gilhooley is pleased to share a series of four videos that illustrate the cause and effect of tax decisions in very easy to understand terms.
By reviewing theory, evidence and method, these videos illustrate clearly the benefits of rational, pro-growth tax policy to the US Treasury and the American people.
The third explains why lawmakers need to jettison their static-scoring model for the revenue-estimating process in favor of a more accurate dynamic-scoring model.
Unfortunately, Congress’s revenue-estimating process is still based on the preposterous theory that changes in tax policy don’t affect taxpayer behavior and economic growth. This creates a bias for tax increases and against tax cuts.
The benefits of reduced marginal tax rates are proven. They are an effective economic stimulant, creating permanent incentives to work and invest and sufficient fire power to expand the economy’s long-run potential to grow. John Kennedy proved it. Ronald Reagan proved it. George Bush proved it.
History clearly shows that economic behavior responds to changing tax rates.
Incentives matter.
Toni's list of supporters is growing quickly. Read on about all of her endorsements to date Read on >>
