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Chris Vance on Tax Reform
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Reform our tax code to create jobs
Q: What will be your top three priorities if elected?Chris Vance: My priorities will be to cut our national debt and reform our tax code to create jobs and grow our economy, keep America safe in a dangerous world, and inject some common
sense back into the way Washington, DC works. I strongly support a Simpson-Bowles based solution to our budget crisis. Bringing down our debt will help create more good jobs.
Source: LWV's Vote411.org on 2016 Washington Senate Race
, Sep 19, 2016
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:- Support for low-income workers and families (e.g., the child credit and EITC);
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Mortgage interest deduction only for principal residences;
- Deductions for employer-provided health insurance; charitable giving; retirement savings and pensions, local taxes, childcare, and educational expenses.
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
Page last updated: Aug 24, 2017