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US Senator Orrin Hatch
Economy and Taxes
I have worked hard to make permanent the president’s 2001 and 2003 tax cuts that helped us climb out of the recession and contribute to the high economic growth rate we currently enjoy. However, we must do more to ensure a strong and healthy economy: a reduced regulatory burden, continued tax incentives for savings and investment, and a government that does not spend beyond its means are all important goals of mine.

The current tax system is a major impediment that needs to be addressed soon: it is simply too complicated and burdensome in its current form. I believe we need to have a complete overhaul of our tax system, one that would simplify the code, encourage savings and investment, and provide more money for working families. Lower taxes mean more money in the pockets of Utahns, who know how to spend their money much better than the federal government. I will continue to support tax cuts for all Americans.

I believe the biggest threat to a strong economy and a balanced budget is not cutting taxes, but uncontrolled government spending. As I have throughout my career, I will continue to fight to keep spending down and promote fiscally responsible government.

Related Press Releases
 
12/01/2010 Hatch Outlines Opposition to Democrats' Latest Small Business Tax Increase Proposal
11/29/2010 Hatch: President’s Proposal to Freeze Federal Pay Doesn’t Go Far Enough
11/19/2010 Hatch Blasts Congressional Democrats' Political Stunt on Taxes
11/18/2010 Hatch Outlines Cost of Looming Tax Increases on Utah Families, Businesses
11/09/2010 Senator Hatch Receives Prestigious Tax Fighter Award
11/08/2010 Hatch on Way Forward on Preventing Tax Increases on American Families, Job Creators
10/29/2010 Hatch: Report Demonstrates Need to Cut Back on Job-Killing Redtape
10/08/2010 Hatch on Disappointing Jobs Report
10/01/2010 Hatch on Cavuto: White House Wants Tax Hikes to Fund Spending Binge
09/28/2010 Hatch Calls Legislation Forcing U.S. Jobs Overseas "Height of Irresponsibility"
09/20/2010 Hatch Supports Common-Sense Legislation Stopping Americans' Taxes from Going Up
09/16/2010 Hatch Works to Force Bipartisan Senate Action to Make Research Tax Credit Permanent
09/16/2010 Hatch Opposes Small Business "Lending" Bill, Calls for Action to Stop Largest Tax Increase in History
09/08/2010 Hatch on President's Latest So-Called Economic Recovery Proposal
08/05/2010 Hatch: $26 Billion State Bailout Punishes Businesses, Rewards Fiscal Irresponsibility
08/05/2010 Hatch Introduces Bill to Reduce Federal Employees to 2009 Levels
07/29/2010 Hatch Blasts Democrats for Blocking Amendment to Protect American People, Small Businesses from Being Hit with Largest Tax Increase in History
07/28/2010 Hatch: President Can Demonstrate Commitment to Job Creation by Stopping More Taxes on Small Business
07/23/2010 Hatch Calls Administration's Budget, Economic Forecast Reason to Stop Massive Tax Hikes, Spending
07/21/2010 Hatch Says Senate Could Have Helped Unemployed without Adding to Debt
07/19/2010 Hatch Responds to President's Remarks on the Economy
07/15/2010 Hatch, GOP Senators Outlines Impact of Administration's Job-Killing Agenda
07/15/2010 Hatch Opposes Job-Killing Financial Regulation Bill
07/13/2010 Hatch Introduces Amendment to Extend Job-Creating Research Tax Credit
07/08/2010 Hatch Calls Treasury's China Currency Report "Weak Kneed"
06/25/2010 Hatch Urges Head of President's Economic Advisory Panel to Take Value-Added Tax Off the Table
06/01/2010 Hatch, 16 Senators Call on President Obama to Take Action on Stalled Trade Accords
05/26/2010 Hatch Statement on Debt Reaching Record $13 Trillion
05/20/2010 Hatch Opposes Financial Regulation Bill that Will Hurt Main Street
05/19/2010 Hatch: Finance Regulation Bill Helps Wall Street, Hurts Main Street
05/17/2010 Hatch Supports Amendment Making U.S. Backing of Foreign Bailouts More Difficult
05/11/2010 Hatch Hails Senate Passage of Independent Audit of Federal Reserve
05/11/2010 Hatch Introduces Amendments to Deeply-Flawed Financial Regulation Bill
05/06/2010 Hatch Blasts FCC Decision to Abuse Existing Regulations to Stifle Internet Innovation
05/04/2010 Hatch Statement on Obama Administration's $90 Billion TARP Tax
05/04/2010 Hatch Targets Fannie Mae, Freddie Mac with Amendment to Financial Regulation Bill
04/15/2010 Hatch, Lincoln Bill Would Improve Services to Taxpayers, Modernize IRS
04/07/2010 Hatch Statement on Value Added Tax to Fund Government Expansion
04/06/2010 Hatch Hails Appeals Court Decision on So-Called "Net Neutrality"
03/26/2010 Hatch on Administration's Housing Proposal
03/09/2010 Hatch on Senate Legislation that Includes Nearly $100 Billion in Deficit Spending
02/24/2010 Hatch Supports Jobs Legislation That Includes Payroll Tax Cut He Authored
02/22/2010 Stabenow, Hatch, Schumer, Snowe, Brown Introduce Bipartisan American Job Creation and Investment Act
02/17/2010 Hatch on One-Year Anniversary of Stimulus Bill
02/03/2010 Hatch Unveils Job Creation Bill to Get Americans Back to Work
02/01/2010 Hatch Blasts Obama Administration’s Wasteful Spending, 2011 Budget for NASA
01/21/2010 Hatch: Time to End TARP, Use Unspent Funds to Pay Down Debt
11/06/2009 Hatch Says Unemployment Rate Shows Democrats’ Stimulus Plan Not Working
08/24/2009 Steve Forbes To Headline Hatch’s Forum On The Fiscal Future Of America
07/10/2009 Hatch: Obamanopoly Too High Stakes for Taxpayers to Play
06/08/2009 Hatch Introduces Tax Bill to Provide a Boost to Research-based Companies
05/12/2009 Hatch Named Chairman of GOP High Tech Task Force
05/06/2009 Hatch Introduces Bill to Allow Higher Deductions for Losses on Investments
02/26/2009 Senator Hatch Alarmed by President's $3 Trillion Budget and Nation's Growing Deficit
02/24/2009 Senator Hatch Comments on President Obama's State of the Union Address
02/13/2009 Hatch Votes No on $1.2 Trillion Stimulus Package
02/12/2009 Hatch Blasts Latest Version of Misnamed Stimulus Bill
02/10/2009 Hatch Laments Senate's Passage of Democrats' $1.2 Trillion Stimulus Bill
02/05/2009 Partisan Stimulus Bill a Wasteful Hodgepodge of Liberal Spending
01/30/2009 Hatch Wants Senate Hearings on Consumer Product Improvement Act
01/26/2009 Hatch: Geithner Uniquely Qualified to be Treasury Secretary
01/13/2009 Hatch to Secretary Paulson: Show Me the Results
12/16/2008 Hatch Pitches Idea to Help Businesses Avoid Layoffs
11/19/2008 Senate Bill Seeks to 'Feed America Day'
10/02/2008 Utah Families, Businesses Benefit from Adoption of Economic Stabilization Package
10/01/2008 Hatch Called on Congress to Improve the Financial Rescue Package
10/01/2008 Hatch: Senate OK of Stabilization, Tax Extenders, AMT Relief Will Help Utah Families
09/24/2008 Hatch Addresses Causes of Faltering Financial Markets
09/23/2008 Tax Extender Bill With Hatch Provisions Clears Senate
08/01/2008 Hatch: Democrats Are Taking Nation in the Wrong Direction
07/30/2008 Hatch Urges Senate to Extend the Research Tax Credit
07/11/2008 Hatch Bill Provides Tax Relief for State-Chartered Banks
04/14/2008 Expired Temporary Tax Provisions Leave U.S. Taxpayers and Businesses in Limbo
04/10/2008 REIT Amendment Helps Investors Build Communities, Hatch says
02/29/2008 Floor Speech on the Foreclosure Prevention Act: "We Should Not Elevate Politics Above Solutions"
02/05/2008 Hatch: Congress Must Make Bush Tax Cuts Permanent to Keep Economy on Target
12/14/2007 Floor Speech: On the Grassley Amendment to the Farm Bill
12/07/2007 Senate Passes AMT Fix
12/06/2007 Congress Needs to "Get Down to the Real Business of Fixing This AMT"
12/05/2007 Hatch: We Need to Extend the R and D Tax Credit
11/16/2007 Floor Speech: Resolve the Crisis of the AMT
11/14/2007 Floor Statement: Support the Mortgage Cancellation Relief Act
10/30/2007 Hatch Defends Nord
10/26/2007 Hatch: Fix Tax Inequity to Help Self-Employed Afford Health Insurance
10/19/2007 Senators Aim to Extend, Expand Tax Credit for R&D;
04/17/2007 Hatch: Americans Suffering from Tax Overload
03/29/2007 Hatch Blasts Kennedy So-Called Employee Free Choice Act
03/26/2007 Floor Statement: Refuse the So-Called Employee Free Choice Act
03/06/2007 Hatch: TSA Collective Bargaining Would Be A Gift To Al-Qaeda
02/01/2007 Senate Passes Tax Relief for Utah Small Businesses
US Senator Orrin Hatch


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