Friday, June 24, 2016
Today, House Republicans published our blueprint for comprehensive tax reform. But in fact, the proposal is so bold and so innovative that it's probably more accurate to call it a tax system replacement plan than a reform plan.
Our current tax system is one of the main impediments to economic growth. It's punitive, impossible to understand, and easy to manipulate for the benefit of big business and special interests. It discourages entrepreneurs from starting new companies and drives existing businesses overseas. If we want to reverse the anemic economic growth rates of recent years, then we need a tax system that encourages investment, start-ups, and business expansions instead of one that suppresses entrepreneurial activity.
Our blueprint, which includes the key elements of my ABC Act, encourages business investment by allowing for 100 percent, immediate expensing of business investments. It stops the exodus of U.S. businesses overseas by adopting a territorial tax system. It levels the playing field for small businesses and start-ups by eliminating scores of loopholes and special deals. It simplifies and lowers tax rates across the board and effectively abolishes the IRS as it exists today.
If you're satisfied with our feeble economic growth, and if you like paying as much in taxes as you do now, and if don't mind spending countless hours every year deciphering your tax returns, and if you enjoy interacting with the IRS, then this plan might not be for you. But if you're interested in an aggressive, transformative plan that lets you keep more of what you earn, file your taxes on a postcard, and keep the tax man further away from your affairs, then I urge you to read about our plan by clicking on the "tax reform" icon at this link. We are now asking for feedback as we refine the plan, so if you'd like to share your thoughts or suggestions, please send me an email at this link. Finally, to read more about my ABC Act, click here.
Sunday, June 12, 2016
"The initial indications clearly point to the Orlando shooting being an ISIS-inspired act of mass murder – one that is gruesome even by ISIS’s sickening standards. These mass killings of innocent people cannot be stopped by half-measures. Terror groups like ISIS and al Qaeda cannot be reasoned with or moderated, and co-existence with them is impossible. Along with our allies, we must engage these enemies more forcefully throughout the vast areas in which they operate, while ensuring that our intelligence agencies have all the authorities they need to detect and stop these kinds of attacks. The only way to guarantee our security is to eliminate the jihadists’ entire organizations and expel them from the safe havens in which they operate. Tolerating periodic mass attacks on American and allied civilians is simply not an option.”
Friday, June 3, 2016
Friday, May 27, 2016
On this Memorial Day weekend, I'd like to offer a brief tribute to all those Americans who gave their lives in service of our nation.
The concept of freedom is so deeply ingrained in Americans that we sometimes take it for granted. But it's important to remember that throughout history, free societies have been extremely rare and exceptional things. Most of us were born free, in a country founded on the very idea of freedom. Some may say that makes us lucky, but I see it differently—we're not free due to luck, but due to the fact that other Americans have been willing to lay down their lives to gain and defend our liberty.
Many brave, selfless residents of the Central Valley have made this sacrifice. And the soldiers themselves are not the only ones—when a soldier is lost, it is a sacrifice made by the whole family. The mothers, fathers, spouses, kids, and siblings left behind—all of them pay an immense price for the defense of our country. They need to know that a grateful nation loves them, cherishes them, and owes them a debt that can never be repaid.
During this weekend, please keep our fallen soldiers and their families in your thoughts and prayers.
Friday, May 20, 2016
Friday, May 13, 2016
A recent survey of more than 500 CEOs ranked California dead last out of all fifty states for its taxation and regulation policies. This will probably come as no surprise to most Californians, who have watched a growing parade of frustrated businesses pack up their jobs and move elsewhere in recent years.
Sacramento needs to let people get back to work by passing drastic reforms that make it easier to start up, operate, and expand businesses. In Congress, I introduced a tax reform bill that would implement these sorts of reforms at the federal level. By lowering tax rates, simplifying the tax code, and eliminating loopholes and special deals, the ABC Act would allow start-ups and small businesses to compete with bigger companies on a level playing field. According to the Tax Foundation, it would also create more than a million jobs, kick-start economic growth, and raise wages. Finally, the reform would stop the flow of U.S. businesses moving overseas—not by forcing them to stay here, but by creating a fair, simple tax system that makes businesses want to stay and want to bring back the $2 trillion they are now holding overseas. Please take a look at the recent review of my plan by the Heritage Foundation, which called it "economically strong and an excellent place to start the process of reforming business taxes."
Separately, I'll be speaking about intelligence and national security issues at the API Liberty summit in Fresno on May 21. You can listen to a recent interview I did on these topics here (beginning at 16:20).