Our fiscal crisis is a result of out-of-control federal spending, not insufficient federal taxes.I do not support any increase in the tax burden beyond what is already being paid, especially at a time when the economy continues to struggle. Tax increases are desired by the Obama Democrats, not conservative Republicans or conservative Oklahoma Democrats.
My first objective as your Congressman will be to repeal the largest tax increase in history that is to automatically take place on January 1st, 2013. If that increase is allowed to stand, the average tax burden for Oklahoma families in the First District will increase by $3,500. This tax increase will cripple our economy and must be repealed.
My second objective is to work with our next President, Mitt Romney, in lowering tax rates, broadening the base, and injecting more fairness into the current tax code.
My third objective is a complete overhaul of our tax system. There are numerous plans that I could support. Steve Forbes has promoted a plan for a low rate, flat tax on income. Senators Inhofe and Coburn sponsor the Fair Tax, which eliminates the IRS as well as taxes on income, payroll, business, capital gains, dividends, interest, and the death tax. These taxes would be replaced by a low flat tax rate on consumption with protections for individuals and families with lower incomes.
Our current tax system limits productivity, punishes achievement and excessively burdens people and businesses with compliance costs.
While I am for an overhaul of the tax system, I am not for raising taxes on anybody. Tax increases are a policy of the Obama Democrats.
Please share this with your friends. I'm asking for your vote on November 6.
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