Jim Holt on Tax Reform

Taxes should be cut further

HOLT: Holt said he supports Bush's tax cuts and believes taxes should be cut further.

LINCOLN: Lincoln said she would like to see tax cuts for the lower and middle class, but would like to see those in the higher income brackets taxed more.

Source: AR Senate Debate in Arkansas News Bureau Oct 29, 2004

Support a tax rate that is flatter and fairer

I support a rate that is flatter & fairer, if we must have an income tax at all. Maybe we could just figure each state's share of the federal government based on their share of the nation's GDP. Let the states decide how to collect it. That would eliminate the IRS. The problem is not how we collect the taxes, it's our spending. If we went to a complete fair tax system and all revenues collected were sales taxes, we would have a Federal sales tax of 23-26% just to maintain our current budget! Source: Campaign website, JimHolt.us, "Issues" Jul 12, 2004

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