Mike Bouchard on Tax Reform Republican Challenger

Prioritize our spending and hold ourselves accountable

Growth in government stunts economic growth

Make the Bush tax cuts permanent

Some have argued that such tax cuts are responsible for the current federal deficit and have benefited only the very wealthy. In fact, federal revenues have grown from about $2 trillion in 2001 to about $2.3 trillion. At the same time, federal spending has increased from about $1.9 trillion to around $2.7 trillion. The problem isn’t too little revenue, in my view, but too much spending. As President Kennedy once observed in defense of his own tax cuts, “a rising tide lifts all boats.” The same was true for the 2001 and 2003 tax cuts.

Tax burden & government spending are too high

Reduced Real Estate Transfer Tax by $358M