Issue Position: Tax Reform
Issue Position
Issues: Taxes
*Require uniformity in the reporting of corporate profits. Do not allow corporations to report different numbers to the IRS and Wall Street.
*Crack down on REIT abuse. The REIT structure is currently used by many to cheat on taxes.
*Reform carried-interest tax advantages. Make such advantages applicable only to actual cash investment. *Other performance-based income should be taxed as normal income.
*Lower corporate income tax to 26%. This will bring corporations back to the United States and will actually increase tax revenue.
*Remove all taxes on foreign-earned income. There is no moral basis for such taxation, and the result will be a massive repatriation of wealth, which can only be a good thing.
*Discuss alternative tax structures.
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