Issue Position: Economy and Taxes
I have worked hard to make permanent the president's 2001 and 2003 tax cuts that helped us climb out of the recession and contribute to the high economic growth rate we currently enjoy. However, we must do more to ensure a strong and healthy economy: a reduced regulatory burden, continued tax incentives for savings and investment, and a government that does not spend beyond its means are all important goals of mine.
The current tax system is a major impediment that needs to be addressed soon: it is simply too complicated and burdensome in its current form. I believe we need to have a complete overhaul of our tax system, one that would simplify the code, encourage savings and investment, and provide more money for working families. Lower taxes mean more money in the pockets of Utahns, who know how to spend their money much better than the federal government. I will continue to support tax cuts for all Americans.
I believe the biggest threat to a strong economy and a balanced budget is not cutting taxes, but uncontrolled government spending. As I have throughout my career, I will continue to fight to keep spending down and promote fiscally responsible government.