Senator Johnson calls for "more dramatic" tax plan |
Elections, Elected Officials, Political Parties |
Written by Democratic Party of Wisconsin |
Friday, 13 November 2015 12:12 |
Republican proposals already called "irresponsible". MADISON - Republican presidential candidates startled Americans this week by putting their radical and dangerous tax plans on display in Milwaukee. But for out-of-touch Senator Ron Johnson, none of these tax plans go far enough.
[00:06:41.00] JOHNSON: From my standpoint I want more dramatic tax simplification. You know, I want to see a tax plan that has two principles. Raise the revenue you need. Do no economic harm and I'm afraid what I'm seeing is people are taking a look at our very complex tax system and they're just, kind of, changing the different components of it. Now, I've been there for five years and you hear this. Lower the rates, broaden the base. The problem is everybody is all for lowering their rates and broadening everybody else's base but just don't address, don't do away with LIFO or home mortgage deduction or health care deduction or I mean. So everybody is going to be in there with their vested interest deduction. I need, I think you need completely scrapping of the tax code and you have to stand up something very simple. One way to do it, by the way, is give people the choice, you know, if you like complying with 70,000 pages, be my guest or you comply with this incredibly simple tax system that doesn't raise the revenue we need and doesn't do any economic harm. [00:07:33.19] We have to stop trying to socially and economically engineer through the tax code. We do a terrible, terrible job of this. So quite honestly I'm looking for a far simpler tax system than anything I'm hearing out of any of the candidates right now." |
Last Updated on Friday, 13 November 2015 12:17 |