Bob Barr on Tax Reform
Libertarian nominee for President; Former Republican Representative (GA-7)
“We need a similar popular revolt today,” says Barr. Tax Freedom Day wasn’t until April 23 this year, meaning that on average Americans spent almost four months just to pay their taxes. That isn’t the end of the burden: “it also took six billion hours to comply with Uncle Sam’s dictates,” notes Barr.
“We must both reduce and simplify taxes,” he adds. That could mean replacing the income tax with a consumption tax. It could mean a low, flat income tax. But, he emphasizes, “the bottom line is that taxes are too high and too complex. It’s time for Americans to say that they are mad and aren’t going to take it anymore, just like they did in California 3 decades ago.”
A: I think it will be. The Libertarian message of smaller government means much lower taxes--a new tax system, ultimately, dramatically cutting back the size and the power of the government, whether it’s here or spending $400 million a day of taxpayer monies in Iraq. These are pocketbook issues. And the Libertarian philosophy, the programs that we’ll be putting forward will be very relevant to voters from across the political spectrum, because everybody’s hurting. Everybody’s standard of living is going down, as the standard of living for the government is going up. We aim to reverse that.
The bill would allow more individuals to receive immediate $300 refunds, and lower the capital gains tax rate from 20% to 18%.
Amend the Internal Revenue Code of 1986 to provide maximum rates of tax on capital gains of 15 percent for individuals and 28 percent for corporations and to index the basis of assets of individuals for purposes of determining gains and losses.
Title: To amend the Internal Revenue Code of 1986 to phaseout the estate and gift taxes over a 10-year period.
[As part of the Contract with America, within 100 days we pledge to bring to the House Floor the following bill]:
The American Dream Restoration Act:
A $500-per-child tax credit, begin repeal of the marriage tax penalty, and creation of American Dream Savings Accounts to provide middle-class tax relief.
|2010 Governor, House and Senate candidates on Tax Reform:||Bob Barr on other issues:|
in 112th Congress:
in 112th Congress:
in 111th Congress:
NY-25:Ann Marie Buerkle