Scott Garrett's commonsense, fiscal conservatism has earned him honors from taxpayer advocates and small business coalitions such as:
*National Taxpayers Union's Taxpayers' Friend Award
*Citizens Against Government Waste's Taxpayer Hero
*National Federation of Independent Business' Guardian of Small Business
*Americans for Tax Reform's Hero of the Taxpayer Award
*U.S. Chamber of Commerce's Spirit of Enterprise Award
Standing up for the Rights of Taxpayers: Scott Garrett is a proud supporter of the Taxpayer Bill of Rights. Scott believes Members of Congress have an obligation to not only point out problems in the way business is conducted in Washington, but to actually do something about it. The American Taxpayer Bill of Rights, in black and white, is a pledge to limit federal spending to the growth of the American family budget and do more to ensure greater fiscal responsibility in Congress.
The American Taxpayer Bill of Rights signifies a commitment to four overarching principles:
*Taxpayers have a right to have a federal government that does not grow beyond their ability to pay for it.
*Taxpayers have a right to receive back each dollar that they entrust to the government for their retirement.
*Taxpayers have a right to expect the government to balance the budget without having their taxes raised.
*Taxpayers have a right to a simple, fair tax code that they can understand.
This bill of rights emphasizes the importance of what we as legislators need to concentrate on, and that is, limiting the growth of the federal government and keeping money in the pockets of American families and businesses.
Fighting to Reduce Your Taxes: For too long the tax burden on Americans has been far too high - particularly here in New Jersey. Scott is leading the call for relief and continually remains at the forefront of efforts in the House to provide it. From his first term in office, Scott has proudly supported tax packages that saved 110 million taxpayers more than $1700 a year. And Scott is working to prevent tax increases on hardworking American families by fighting to extend the 2001 and 2002 tax cuts, that are due to expire starting in 2010.
Early on, Scott Garrett joined with Republican members in New Jersey to strongly oppose Governor Jon Corzine's outlandish plan to raise tolls by as much as 800% on New Jersey highways. Calling the Governor's plan "a liberal agenda perpetuating a tax and spend mentality", Scott Garrett issued a call for the New Jersey government to stop taking from taxpayers to feed its excessive spending habit and vowed to fight the toll increase through legislation.
Ending the Alternative Minimum Tax: Scott is a leading advocate of repealing the Alternative Minimum Tax (AMT), an outdated tax relic now expected to penalized 32.4 million American taxpayers in 2010. This arcane stealth tax was created 40 years ago to catch a few very wealthy tax evaders and today ensnares increasing numbers of unsuspecting middle-class families. Scott has reintroduced his AMT Middle Class Tax Fairness Act to reform the stealth tax and save millions of middle-class families billions of dollars.
Reining in the Price at the Pump: To stop the drain of rising prices at the pump on your family budget, Scott Garrett authored the STATE Act. The initial 1-cent federal gas tax was supposed to sunset in 1969, but instead it has increased to more than 18-cents today. With state and local gas taxes, these add up to almost 50-cents on the average gallon of gas, nationally, or more than $270 for each man, woman, and child annually.
What's worse, each year, more and more of that goes to feed pork barrel spending on Capitol Hill - more than $20 billion worth in the last federal transportation bill. Scott's STATE Act would let states - not politicians - prioritize local transportation and infrastructure needs, cutting the gas tax and giving you more money for your family budget priorities.
Cutting Back Federal Spending: While working to provide meaningful tax relief to hardworking Americans, Scott believes it is imperative that Congress commit to reduce Federal spending. Just as tax relief helps American families and spurs economic growth, so out of control federal spending places undue burdens on Americans for generations to come. In Congress, Scott Garrett has been an outspoken advocate for fiscal restraint, consistently calling for more sanity and accountability in government.
Demanding Transparency: Scott Garrett remains a leading critic of frivolous earmarks. While some local projects are truly worth federal funding, the earmarking process has spun out of control. Scott has repeatedly called for transparency and a reduction in irresponsible earmarks, even taking on members of his own party to stop the waste.
Promoting Job Creation and Economic Growth: In addition to working hard to put more money back in your family budget, Scott Garrett is also busy promoting economic growth and job creation by giving American small businesses the tools and resources they need to retain employees and create new job opportunities. His Economic Growth Act would stimulate the economy by:
*Giving full, immediate Section 179 expensing,
*Ending capital gains on inflation,
*Simplifying the capital gains rate structure by cutting the corporate rate down to the individual rate of 15%, and
*Reducing the corporate tax rate to 25%.
Supporting American Financial Markets: Scott Garrett's amendment to give American small business relief from the obscene Sarbanes-Oxley (SOX) reporting requirements was the first successful effort to scale back the law that is quickly putting American businesses and American financial markets at a competitive disadvantage in our global economy. Nine out of ten international small businesses don't even look to American financial markets anymore because of the ruinous impact SOX is having on our reputation as a fair and profitable market in which to invest your business. Scott's AMERICA Act would reform SOX to ensure that American investors are protected and American financial markets remain strong and competitive.