Friday, June 24, 2016

Our plan for a tax revolution

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

My statement on the Orlando terror attack

"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

My KMJ interview on water, high-speed rail

You can listen to my recent discussion with KMJ's Ray Appleton about the California water crisis and high-speed rail here: