I support a repeal of the current code, and favor its replacement with a simpler, flatter tax that treats all Americans fairly. I am co-sponsoring the Fair Tax Act, which will do away with our complex, multi-layered tax code and replace it with a national sales tax. This would negate the need for the massive and costly tax bureaucracy now in place. It would also make our products more competitively priced because it will remove the high costs already embedded into our products as a result of the current tax code.
It is clear that Washington has a spending addiction rather than a revenue problem. In fact, taxes are too high and have become a major burden for American families and businesses. The tax code is overly complex and costly, and backed by a system that assumes citizens are guilty until proven innocent. Further, American innovators are at a competitive disadvantage now because our nation has among the highest corporate tax rates in the world. Rather than figuring out creative ways to steal more of our hard earned money, Congress should focus on eliminating the more than $350 billion in documented waste, fraud, or abuse that occurs annually within the federal government.