A Quote by Paul Ryan
This is again, one of our pieces of our 200-pay plan, part of our very ambitious agenda. We really don`t think we can get the kind of economic growth we could - we had the potential to get without tax reform.
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Our broken tax code is one of the main reasons the United States lags behind when it comes to economic growth, job creation, and competitiveness. Without pro-growth tax reform, our workers and our businesses will continue to suffer.
You've got to have tax reform to get faster economic growth. Faster economic growth is necessary for us to get our debt under control.
The reason we've been growing at 1.8 percent for the last eight, ten years, which is way below the historical average, is in large part because of our tax code. It is important to us to get the biggest, broadest tax reduction, tax cuts, tax reform that we can possibly get because it's the only way we get back to 3 percent growth. That's what's driving all of this, how do you get the American economy back on that historical growth rate of 3 percent and out of these doldrums of 1.8, 1.9 that we had of the previous Barack Obama administration?
We need to have the growth. If we simply look at this as being deficit-neutral, you're never going to get the type of tax reform and tax reductions that you need to get to sustain 3 percent economic growth. We really do believe that the tax code is what's holding back the American economy.
I think, definitely, this country needs a lower corporate tax rate and tax reform so that we can get our profits that we've made overseas back into the country without heavy penalties. And if that happens, I think that would be very good for the market and all of that.
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.
America's tax code is beyond repair. Tinkering with it won't work. The only hope is a bold tax-reform plan that will liberate our nation from the slow-growth status quo and jump-start a new era of American prosperity and growth.
We're going to start making things again in America. As part of our plan to bring back our jobs, we're going to lower our business tax from 35 percent to 15 tax, the biggest since Ronald Reagan.
I think that our work and our music stands on its own without this knowledge about our identity around it. But I also think that we very consciously decided not to hold back that part of ourselves, but to be very vocal about who we are, kind of what experiences we've had in life, and how we identify.
My No. 1 priority is growth in the economy. Tax reform will be our first and most important part of that.
We need to enact fundamental tax reform. The weight and complexity of our 73,000-page tax code are crushing everyday Americans. We need to radically simplify the tax code so that we can re-start the real engine of growth in our economy. That means our tax code needs to go from 73,000 pages down to about three pages.
Every tax cut I call for is targeted, it's responsible and it is paid for within my balanced budget plan. My tax cuts will not undermine our economy. They will speed economic growth.
Our tax policies, the tax relief and reform we passed in 2003 and 2005, helped get government out of the way of America's entrepreneurs, and our unemployment rate is now lower than it was in the 1970s, the 1980s, and the 1990s.
We won't get economic growth if we don't look after our mothers and the potential of the next generation. They need to be prioritised.
We spend millions of dollars every year just for the right to pay our taxes, but once again, do we really need to do that? Why don't we simplify it? And I've certainly looked at fair tax, I've looked at flat tax, and if I get to the U.S. Senate, I'd like to review that.
We`re working with the administration on working on tax reform. You can go to better.gop and see our blueprint, that`s what we`re working off of. We got to get our tax rates down.
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