"As a general matter of principle, I do not support increases in taxation or over-regulation on any individual or corporation. With respect to taxation, I believe that government should tailor its spending to accommodate lower taxes rather than tailor its taxes to accommodate higher spending. The Congress must extend the tax cuts of 2001 and 2003 reducing the burden on taxpayers and businesses." - Phil Gingrey
- cosponsored the Fair Tax to eliminate the Internal Revenue Service replacing the current income tax with a national retail sales tax.
- cosponsored a Balanced Budget Amendment to the Constitution requiring the Federal Government to balance the Federal Budget.
- authored and introduced the Earmark Reform Act to reign in and reform Washington spending on earmarks.