|
|
Chad Taylor on Tax Reform |
A: Taxes should be "simplified and transparent," where the purpose of transparency is to show how taxpayers' money is actually spent. Tax forms should be 2 pages: your tax form on one side, and how your taxes are spent on the other side.
Q: Some specific policy changes?
A: We would eliminate loopholes for special interests. We would create a tax holiday for repatriation of overseas corporate funds, if those funds are used for R&D, physical plant, pensions, or job creation
Q: The term "simplification" usually implies lowering taxes--is that what you mean?
A: Yes, that is a fair characterization, but "simplification" means that the tax code should not be 70,000 pages. Taxes should be easier to do for taxpayers, and should not require a paid professional to do them.
Q: Does "simplification" include schemes for reducing the number of tax rates?
A: No, we do not support policies like the FairTax, nor a national sales tax, nor any other policies like those.