What changes, if any, do you support regarding tax credits to individuals and corporations? Dr. Bryan Barrilleaux - candidate US Congress - d3: Tax credits become unnecessary with tax reform. The current high tax rates impose a burden on the economy through a tax code so voluminous and complex that it is incomprehensible even to its own Congressional authors. No taxpayer can consent to, nor should be required to pay, a tax that the average citizen cannot read and understand. With its Constitutional power to lay and collect taxes Congress should reform tax policy with an uncomplicated easy to understand tax that can be applied uniformly and will promote economic growth. It is unlikely this could be accomplished with revision of our current tax code. I favor repeal of the 16th Amendment. A substitute tax should be implemented only after repeal is accomplished. The Flat Tax or the Value Added Tax or Fair Tax could replace the current code as an economically sound tax reduction encouraging investment (and saving), promoting economic growth, and encouraging productivity, commerce, and creation of jobs. More jobs means more taxpayers. Campaign contributions allow influence and favoritism in the tax code to be bought and sold. This compromises and undermines the legitimacy of our representation. When our representation is not legitimate, consent is not valid and the result is taxation without representation. Tax credits create opportunity for fraud and corruption and become unnecessary with tax reform.
Posted on: Tue, 14 Oct 2014 11:13:44 +0000