Helping families plan for retirement by reforming savings provisions;
Stopping the over-taxation of “Made in America” products; and,
Repealing the death tax so that the loss of a family member doesn’t mean the federal government also gets to essentially steal your inheritance.
“A Better Way for Tax Reform” makes it easier to create jobs, raise wages and expand opportunities for all Americans by:
Cutting taxes on all small businesses by creating a separate, low tax rate of 25%;
Allowing families and individuals to deduct 50% of the dividends, capital gains and interest received from stocks and mutual funds;
Lowering the corporate tax rate from 35%, the highest in the industrialized world, to 20%; and,
Eliminating the death tax.
“A Better Way for Tax Reform” requires a simpler, fairer IRS with the sole mission of putting American taxpayers first by:
Restructuring the IRS around three major units: one for individuals and families, one for businesses of all sizes, and one that provides an independent “small claims court” approach to resolving routine disputes quickly;
Installing a new commissioner, subject to two 3 year term limits, who will be required to administer the new tax code;
Cutting down on IRS intimidating by creating an Office of Dispute Resolution to serve as an independent arbiter to protect the rights of American taxpayers;
Cleaning out the bureaucracy by doing away with all the rules, regulations, forms and instructions; and,
Modernizing information systems so that taxpayers have access to the resources they need when they need them.
