Tax Reform: Now to Create Jobs, Raise Wages and Grow Innovations and Technology

Craig HueyChristian Economic Growth, GovernmentLeave a Comment

Major tax reform is critical to you, your family and to fueling our country’s economy:

As a business owner who has helped create thousands of new jobs and create new careers and business, I can tell you, taxes are killing us right now.

If the politicians and special interests would get out of the way …

  • Taxes, both business and individual, will be drastically cut.
  • Taxes will be structured to reward, not punish, companies to bring offshore monies back to America.
  • Tax cuts will create new start-ups and create innovative technology.

Taxes make or break a country’s economy.

So, tax reform unleashes America’s economic potential.

Now Congress must move quickly on tax reform to spark economic growth.

President Trump’s tax reform, over the next 10 years, will create:

  • 12 million new jobs
  • $10 trillion in additional economic activity
  • $3 trillion in budgetary savings

Under existing policies, the Congressional Budget Office (CBO) projects economic growth at a paltry 2% over the next 10 years.

But we could see 4% to 6% growth with major tax reform.

A CBO study concluded that more than 70 percent of the corporate tax burden is put on American workers.

But tax cuts can drive the economy in a positive direction:

  • President Reagan’s 1986 corporate income tax cut contributed 3.3% to economic growth over 10 years.
  • President Kennedy’s 1962 and 1964 tax cuts added 6.2% to economic growth over 10 years.

Look what tax cuts did for the creation of new jobs:

  • After President Reagan’s 1981 tax cuts, the economy created 11.7 million new jobs over 5 years.
  • After President Kennedy’s tax cuts, the economy created 9.3 million new jobs over five years.

A bold, pro-growth tax reform will help create jobs and increase wages.

It’s time to change the tax code. It’s time to stop punishing family businesses and middle-class Americans.

Such reform will:

  • Grow jobs
  • Increase wages
  • Deliver real simplicity and fairness for all Americans.

Small business owners, of which I am one, are trying to run successful businesses and provide for their families, but are being held back by an outdated, complicated tax code.

Today’s tax code is unbelievably burdensome and makes life harder on American businesses, workers and their families.

We must simplify Tax Day to one postcard anyone can fill out without software or a CPA.

Fixing this would strengthen our local economies.

Did you know that at the end of the day, more businesses close than open?

A reformed tax code would encourage entrepreneurship and startups, innovations and technological advances.

Bottom line for your bottom line: Simplifying the tax code is the best way to increase the economy.

What do you think? Write me at [email protected]

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