You look at Rand Paul's bill. He's got refundable tax credits. So many other bills that are out there have had this. Dr. Tom Price, who is secretary of HHS under President Trump, he had an Obamacare repeal-and-replace bill that had tax credits.
You're probably bored now hearing me cite how many seats the Democrats lost nationwide, national, state, local, in those three elections, In the 2010 midterms, the 2014 midterms, and in 2016. It's over 1500 seats.
Now, the president would like to do tax reform, which would obviously lower rates for most people in America and make the tax code fair and get rid of loopholes and special treatment. But absent tax reform, the president believes the right way to get our fiscal house in order is ask the wealthy to pay their fair share.
In 2010 the U.S. will have a payroll tax rate increase, an estate tax increase, and income tax increases. There's also a tax increase coming in 2010 on carried interest. This rate will rise from its current level of 15 percent to 35 percent, and then it will rise again in 2011.
I want to reform the tax code so that it's simple, fair, and asks the wealthiest households to pay higher taxes on incomes over $250,000 - the same rate we had when Bill Clinton was president; the same rate we had when our economy created nearly 23 million new jobs, the biggest surplus in history, and a lot of millionaires to boot.
The problem is that everybody, everybody - Donald Trump, Paul Ryan, everybody - on the Republican side said they can't do tax reform until Obamacare is improved, they can't do it. I think a lot is known about Obamacare. I think that's why it's so consistently polls with people opposed to it. I think people know how much it's cost particularly to people that have entered the exchanges, but I think everybody does. there's not a person in the world in this country who is not aware of the oppressive, out of any scope of normalcy costs and prices associated with it.
We need real tax reform which makes the rich and profitable corporations begin to pay their fair share of taxes. We need a tax system which is fair and progressive. Children should not go hungry in this country while profitable corporations and the wealthy avoid their tax responsibilities by stashing their money in the Cayman Islands.
Tax reform likely will be the first policy action in a Trump administration. A close second will be a thorough repeal and rewrite of Obamacare, restoring a freer market with true consumer choice and competition among providers.
We all want a simpler code, but tax reform is about much more. It is about ensuring that everyone pays their fair share. The tax code is also used to promote behavior that we as a nation support, such as home ownership or charitable contributions.
If you have to change the law to get more money, that's a tax increase, and Americans for Tax Reform supports all efforts of tax reform, getting rid of deductions or credits, or something that's misclassified, as long as you at the same time reduce rates so that it's not a hidden tax.
Members of Congress who want to get things done, they need partners who want to move the ball forward on big issues like fundamental tax reform, on regulatory reform, on putting together a replacement package for Obamacare.
We pursued the wrong policies. George Bush is not on the ballot. Bill Clinton is not on the ballot. Mitt Romney is on the ballot, and Barack Obama is on the ballot. And Mitt Romney is proposing tax reform, regulatory reform, a wise budget strategy and trade. The president has proposed tax increases.
If corporations and rich people who made fortunes out of us during the boom are not paying their fair share then reform the tax system and close down the tax havens.
Our tax code becomes so absurdly complex every 32 years that we have no choice but to scrap it and re-write. The 32-year period is up in 2018. So the time has come. History tells us that we're going to produce a fairer, simpler tax code by 2018.
Maybe this Democratic president[Barack Obama] did and can get comprehensive health care reform passed, but notice, Medicaid is not expanded in any of these dark red states. The Republican Party may not be able to repeal Obamacare, but it certainly, through its state legislatures and governorships, has managed to halt Obamacare`s full impact.
Have you ever noticed how statists are constantly "reforming" their own handiwork? Education reform. Health-care reform. Welfare reform. Tax reform. The very fact that they're always busy "reforming" is an implicit admission that they didn't get it right the first 50 times.