Real tax fairness
Both Democrats and Republicans are finally starting to agree that America’s tax system is broken and that it needs to be fixed sooner rather than later. Where the parties differ, however, is on how we can achieve real tax fairness and on the urgency of our fiscal problems.
Take, for example, Wisconsin’s own Democrat Congresswoman Tammy Baldwin (D-Madison). Instead of using her seat in Congress to promote aggressive, common-sense reforms that will provide tax relief for all Americans and create long overdue and much-needed economic growth, Congresswoman Baldwin has decided to play politics as she runs for the United States Senate.
Senator Herb Kohl’s (D-Wisconsin) handpicked successor is the lead author of “Buffett Rule” legislation in the House of Representatives that Wisconsin’s largest newspaper recently called a “political gimmick.” Congresswoman Baldwin’s bill does nothing to balance the budget or create a single job. In fact, it won’t even eliminate one-tenth of one percent from our crushing $15 trillion-plus debt.
Our country is at a tipping point, and we need solutions – not tired and failed political speak from career politicians like Tammy Baldwin who got us into this mess in the first place.
The American people deserve better, and that is why as part of my campaign for the United States Senate, I have introduced a tax plan that will protect the pocketbooks of citizens, level the playing field for small and medium-sized businesses, and secure a brighter future for our state and nation.
My plan will: Reduce individual income tax rates across the board; reduce the corporate tax rate (which is currently the highest in the world); reduce the size and scope of the IRS; and eliminate corporate welfare, the death tax, and nearly all of the loopholes and deductions that currently exist. By instituting these reforms and simplifying the tax code, we can create millions of new jobs and achieve real tax fairness for all Americans.
In addition, we can help put an end to crony capitalism and score a major blow against the deep-pocketed special interests that have used campaign contributions and insider access to rig the system in their favor if we get serious about tax reform.
No matter what Congresswoman Baldwin and her career politician friends say, tax fairness and economic prosperity are not partisan issues. After years of broken promises from Washington that have resulted in record high tax rates and skyrocketing debt and deficits, we know better.
Let’s send a message to Washington this November that the problems we face are too great for the same old politics as usual and that we support real change and real reform that will benefit job creators and Americans nationwide.
Eric Hovde is a conservative business leader and U.S. Senate candidate from Madison. He is running for the open U.S. Senate seat being vacated by Herb Kohl (D-Wisconsin).
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