Thursday, May 8, 2014

Tax Increases

The following was written in April 2014, as part of a response to the Campaign for Liberty's 2012 survey questionnaire for candidates running for federal office.

19. Will you oppose all tax increases?

     Yes, I will oppose all proposed all federal legislation which provides for tax increases.
     For government to control 40% of the spending in the nation – and for the federal government to control over 25% of the GDP (as was the case just several years ago) – is unsustainable. I believe that 15% is a more appropriate goal in the short term, and that 12.5% (one-eighth of G.D.P.; in today's terms $2.1 trillion out of a $16.8 trillion G.D.P.) is an appropriate long-term goal.
     I will introduce legislation that views this 12.5%-15% range as a base rate for taxation of any and all behaviors which are taxed by the federal government (in a manner which is constitutional), and the closing of loopholes based on this notion, as well as the notion that taxes should exempt anyone but people living below the poverty line.
     Reduction of taxes below the 12.5% rate should only follow additional reductions of federal spending to below that rate. Additionally, such cuts should follow the reduction of the deficit to zero (for which such spending reductions would provide), and the payment of all foreign and public debts.

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