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Chris Vance on Tax Reform

 

 


Lower tax rates across the board including corporations

Enact Pro-growth tax reform. To create new jobs and increase revenue we should lower tax rates across the board for individuals and corporations, but eliminate tax exemptions that predominantly favor corporations and the wealthiest Americans. These exemptions cost over $1 trillion annually. And we should transition to a hybrid territorial system of corporate taxation in order to encourage businesses to locate and invest here, not overseas. The new system should be flatter, with fewer tax brackets. (Simpson Bowles recommended 12%/22%/28%). And the new system should preserve the following features:
Source: 2016 Senate campaign website, ChrisVanceForSenate.com , Oct 9, 2015

Tax increases on the wealthy Americans and a higher gas tax

Vance said he knows Democrats will paint him with a partisan brush and said his job as state GOP chair necessarily included promoting Bush. But he vowed to show voters he's a different kind of Republican. He said he'll roll out a series of papers showing voters his positions on taxes, trade, immigration and other issues.

Vance said his top priority will be enacting a deficit-reduction plan along the lines of one proposed by the bipartisan Simpson-Bowles commission appointed by President Obama in 2010. That plan would include tax increases on wealthy Americans and a higher federal gas tax. It also would make broad cuts to federal spending and changes to benefit programs, an increase in the Social Security retirement age.

Source: The Seattle Times on 2016 Washington Senate race , Sep 8, 2015

Other candidates on Tax Reform: Chris Vance on other issues:
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Jay Inslee
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Maria Cantwell

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Page last updated: Aug 31, 2016