Tax Problems Not Too Complex for Simple Answers

It’s no secret that Sen. Bill Nelson and I disagree on most of the issues facing America.  One of those issues is tax reform, which I believe is fundamental to growing America’s economy.

Sen. Nelson has been in Washington since the Carter administration and he’s been a United States senator for more than a decade.  And despite serving as chairman of the Senate Finance Committee’s Fiscal Responsibility and Economic Growth Subcommittee, Sen. Nelson has never made tax reform one of his signature issues.


 He’s never authored a major tax reform bill, nor shown any leadership on the issue of tax reform.

 But now it’s an election year, and like most of his establishment colleagues in Washington, Sen. Nelson is in self-preservation mode.  For example, earlier this month he authored an opinion piece in Politico in which he outlined his vision for yet another Senate hearing to “investigate” “tax reform.”

 For those of us who don’t speak the language of Washington insiders, when Sen. Nelson talks about “tax reform,” what he really means is “tax hikes.”

 Raising taxes is something Sen. Nelson knows a thing or two about.

Since 2001 alone, he’s voted more than 143 times for higher taxes on the American people.

He supported the massive tax hikes on energy contained in Cap-and-Trade.  He voted for the tax hikes on small businesses contained in ObamaCare.  And he voted for massive tax hikes on Florida small businesses contained in one of the President’s many stimulus giveaways. 

Sen. Nelson’s tax reform investigation is predetermined to deliver a desired outcome.  He said so in the very same op-ed.  It’s clear that these committee hearings will come to the conclusion that all of our problems would be solved if Washington just taxed certain companies and individuals at a much higher rate.

Never mind that study after study shows tax hikes will not balance our budget or solve our debt problems.

Democrats have an ideological ax to grind, and Sen. Nelson is loyally spinning up the grindstone.

The reality is that true tax reform will never be possible in Washington so long as typical politicians in both parties are in charge.  Their answer is always another commission, another task force, another investigation—but never any real action.

I support comprehensive tax reform and tax relief for the American people, not as a means of punishing job creators or redistributing wealth, but rather as a matter of fairness, and as a way of stimulating economic growth.

I support eliminating loopholes and subsidies, but only in exchange for across-the-board cuts to tax rates for individuals and corporations.

Special-interest exemptions don’t work.  Favoring some companies over others and placing the government in a position to pick winners and losers in the free market only makes our tax code more complicated and burdensome.

While Sen. Nelson views tax reform as an excuse to raise taxes to fuel more government spending, I believe in a balanced approach that seeks to eliminate special-interest carve-outs and replace them with lower marginal tax rates for individuals, families and businesses.

Reform that makes our tax code flatter, simpler and more fair would have an immediate positive impact on economic growth.

Eliminating loopholes and lowering rates is only the start.  Our tax code is so complicated, millions of Americans are forced to hire accountants just to help them comply.  This amounts to a hidden tax on Americans.  We should seek to reform our complicated and antiquated tax code to make it easier for individuals and families to file each year.

The right tax reforms create certainty, which allows job creators to make investments that will lead to expansion and ultimately new jobs.  This is a key element for economic growth and job creation.

We should also eliminate the illogical and unfair mechanisms of double taxation on businesses, seniors and investors.  Creating a tax code that taxes income—whether it is the income of an individual, family or business—once and only once should be our goal.

It’s time to reduce taxes on capital gains and dividends and finally abolish the “death tax.”

Taxing the property people leave to their heirs after they die is not only unfair, it’s immoral.

We don’t need “super committees” coming up with new ways to tax and spend more—we need new leaders with the courage to support the common-sense ideas we know will work.

If these ideas don’t sound complicated, it’s because they’re not.  They are time-tested and part of the ideological framework this country was built on.

We don’t need “super committees” coming up with new ways to tax and spend more—we need new leaders with the courage to support the common-sense ideas we know will work.