Taxes and the Economy
Government is now America’s “biggest business.” Federal, state, and local taxes combined are now greater than the revenues of any single industry. More than 40% of family income is now paid to the government in the form of fees or taxes. History has shown that when nations have taxed their people beyond 30% of their income that government revenue is ultimately reduced and the nation itself experiences significant decline. I am unalterably convinced that the ultimate result of increased taxes is a reduction in overall American productivity and standard of living, and to that end, I will continue to support policies which accomplish the following five common-sense economic principles:
- Cutting taxes to encourage work, savings and job-creating investment
- Eliminating red tape and bureaucracy at all levels
- Abolishing federal income tax in favor of a National Sales Tax
- Workfare replacing welfare
- Requiring prisoners to work and study