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As the debate over the national tax policy begins to take center stage yet again, observers have noted that there will be more cases of lawmakers breaking ranks within their own party over the issue in the coming months, following the lead of several notable republicans, in the shape of former House Speaker Newt Gingrich, Minnesota Governor Tim Pawlenty and former Arkansas Governor Mike Huckabee in the recent President Obama Tax Deal proposal.
The primary goal for everyone concerned remains the same, and that is to reduce the Federal budget deficit, but a number of other issues have repeatedly threatened to take control of the debate. One issue that could’ve derailed any potential compromise was the extension of former President Bush tax credits, which, despite costing the government a total of $850 billion dollars in the next decade, is seen as imperative in preventing the possibility of a double-dip recession. The concession by the Democrats in this instance was reciprocated by the Republicans in the Obama’s Tax Deal.
We look forward to more bipartisan compromises in future, as we have seen over the years how ideological differences have seen consistently landed the country with the second or third best tax solutions, instead of the most worthy ones.
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Declared 2012 Republican Presidential Candidate
Former Speaker of the House
Newt Gingrich
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Gingrich Position on Taxes
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• Gingrich says that opposing higher taxes is a key conservative value.
• He knows that taxes are necessary but says they are too high because government looks upon the peoples’ money as free money to spend as the they please.
• He would change tax policies so that the U.S. can compete abroad.
• He would encourage research and development through tax incentives.
• He wants the public to give their input on any major tax reform.
• Supports getting rid of the marriage tax and cutting middle class taxes.
• He would encourage investment by getting rid of capital gains tax.
• He thinks we could use the tax code to reinforce families.
More on Gingrich
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Declared 2012 Republican Presidential Candidate
Career Flight Attendant
Tom Miller
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Miller Position on Taxes
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• Miller believes that with the current U.S. tax code consisting of more than 78,000 pages that it cannot be reformed.
• He will support the consumption based Fair Tax.
• He knows that by replacing the current tax code with the Fair Tax that U.S. economy will save more than $600 billion per year in regulatory research and compliance, make the U.S.A. globally competitive again with one of the lowest tax rates while generating more tax revenue for our government.
More on Miller
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Declared 2012 Republican Presidential Candidate
Former Governor of Massachusetts
Mitt Romney
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Romney Position on Taxes
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• Romney is in favor of the Bush support cuts as he says that these cuts really helped to bring the economy back on track when the country was going through a bad phase. He stated that "I have never opposed the Bush 2002 tax cuts. I supported them." during the 2008 Republican Primary Debate.
• He suggests that the best way to avoid an oncoming recession is to get a cut on the taxes of the middle class groups. This means that there will not be any taxes on interest, dividends or capital gains and will result in more money in the hands of the middle class. They will in turn put in more capital into the market which will be available for new ventures and homes.
• He is in favor of reducing the tax burden on middle income families. The Des Moines Register reported that he said that "I don't stay awake at night about the taxes that rich people are paying. I am concerned about the taxes that the middle class families are paying." during a Republican Debate.
• Romney strongly votes for the removal of death tax as he feels that it makes absolutely no sense in it.
• Romney addressing it as "my pledge" has promised not to support or reverse the plan to roll income taxes back to 5% by the next year even if a situation of a budget deficit of $3 billion.
•Mitt Romney said at a debate in Boca Raton on 24th January 2008, "I support the Bush tax cuts. The Bush tax cuts helped get our economy going again when we faced the last tough times."
• When asked what his first step would be on the fears of a recession, he replied that he would try to get a reduction of taxes on the middle income people of America. He intended that people earning less that $200,000 per annum would be able to save money without the burden of taxes.
• "Lowering taxes helps build jobs & helps working families, and so I strongly have been of the view that one of the great lessons for Ronald Reagan was that lowering taxes helped built our economy." Fox News NH Republican primary debate on 6th January 2008.
• On the Death Tax: "It doesn't make sense to me that people get taxed when they can earn their money, get taxed when they save their money, and get taxed when they die. We should get rid of the death tax." Quoted from Romney's book 'The Man, His Values & His Vision, p115.'
• In a debate in South Carolina he said he wanted to make it very clear that he would not raise taxes.
More on Romney
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Declared 2012 Republican Presidential Candidate
Matt Snyder
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Snyder Position on Taxes
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Snyder is a proponent of the Fair Tax. He favors open and honest discussion about the effects of, and transition into, the Fair Tax structure. He proposes an immediate cut in the corporate tax rate by at least 50% to promote job creation while the Fair Tax discussion takes place.
More on Snyder
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Declared 2012 Republican Presidential Candidate
Businessman
Vern Wuensche
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Wuensche Position on Taxes
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• Wuensche believes that we should eliminate the IRS and replace it with a national consumption tax.
• He believes that we should eliminate the death tax.
• He strongly opposes a value added tax.
• He opposes any tax on internet purchases.
More on Wuensche
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