Jim Risch on Tax Reform
Republican Jr Senator; previously Governor
A: Taxes should be assessed at the lowest possible level to both adequately fund the federal government and encourage savings, investment and economic growth.
Q: Would you vote to make permanent the lower individual tax rates enacted in 2001 and 2003, which benefit small businesses that pay the individual rate, without offsetting tax increases (PAYGO)?
A: Yes; this is one of my highest priorities.
Q: Would you vote to make permanent the current lower rates on dividend income from individuals without offsetting tax increases (PAYGO)?
Q: Would you vote to make permanent the current lower rates on individual capital gains income without offsetting tax increases (PAYGO)?
LaRocco said, “When he was governor he passed a property tax relief bill where he personally benefited at least $53,000, but he never disclosed it to the people of Idaho,” said LaRocco.
“Well, if I got $53,000 out of that bill, I’ll drop out of this race and if you’re wrong you should do the same,“ said Risch.
NewsChannel 7 took a look; we found 13 pieces of property that would fall under the 2006 tax relief umbrella. According to LaRocco’s property valuation, Risch totaled $53,295 in tax breaks. But some of Risch’s property falls under Idaho’s agricultural exemption which means it’s used for farming or grazing--and that makes the property value much lower. Using the same math with the lower agriculture value numbers, Risch actually got a relief of little more than $5,000.
A: Support. My biggest priority is working to make the 2001/2003 tax cuts permanent.
Politicians often run for office saying they won't raise taxes, but then quickly turn their backs on the taxpayer. The idea of the Pledge is simple enough: Make them put their no-new-taxes rhetoric in writing.
In the Taxpayer Protection Pledge, candidates and incumbents solemnly bind themselves to oppose any and all tax increases. While ATR has the role of promoting and monitoring the Pledge, the Taxpayer Protection Pledge is actually made to a candidate's constituents, who are entitled to know where candidates stand before sending them to the capitol. Since the Pledge is a prerequisite for many voters, it is considered binding as long as an individual holds the office for which he or she signed the Pledge.
Since its rollout with the endorsement of President Reagan in 1986, the pledge has become de rigeur for Republicans seeking office, and is a necessity for Democrats running in Republican districts.
A bill to repeal the sunset on the reduction of capital gains rates for individuals and on the taxation of dividends of individuals at capital gains rates.
Repeals the termination date in the Jobs Growth Tax Relief Reconciliation Act of 2003 for provisions reducing individual tax rates on capital gains and dividend income.
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