Tax Reform

The tax code needs to be simplified to create an equal footing domestically and internationally for both individuals and companies.
 
Personal Taxes need:
  • Progressive tax rate based on income regardless of capital gains or ordinary income.
  • Fewer deductions and lower tax rates.
  • Adjustment of the EITC.
  • Removal of AMT.
 
Business Taxes need to:
  • Enact a Corporate Tax rate of 25% and Small Business Tax rate of 20%.
  • Allow immediate expensing of capital purchases.