Taxes, Spending and Jobs

We need to cut taxes, encourage job creation, and put our fiscal house in order.

The tax burden on individuals, families, and small businesses is oppressive and should not be increased.  By reducing tax rates, we can we bolster entrepreneurship, savings, and investment.  That will create new jobs. 

• At a time when unemployment is reaching levels we have not seen in a quarter-century, the last thing we should do is punish those who would create new jobs. 
• We should simplify a notoriously complex tax code that unnecessarily burdens taxpayers and benefits special interests. 
• We cannot put our fiscal house in order without maintaining a sound and stable dollar.

One of the great ironies of recent times has been the spectacle of politicians railing against overleveraged corporations for following the same kinds of financial practices as the government itself.

• In 2009, Washington spent $1.4 trillion more than it had. 
• This level of deficit spending crowds out consumers looking to buy homes and small businesses looking to create jobs.  Only by reducing deficit spending can we reduce the risk to our currency and provide a stable economic environment to grow investments and create jobs.
• Our national debt has reached historic levels—over $12 trillion, much of which is owed to foreign nations. 
• Excessive debt may cause inflation.  We will not reduce debt by creating more debt.
• With near term interest rates at close to 0%, the interest on the current debt is approximately $400 billion.  As rates rise, interest payments will devour an increasing share of federal revenue.

This Congress has abdicated its responsibility to address our government’s chronic spending problems, at a detriment to our standard of living.  Under new leadership, members of the next Congress must change course, or else we will continue mortgaging the next generation’s future.