As Congress debates the way forward to reform the burdensome tax code, The Red County Caucus offers some common sense parameters for effective tax reform. Most can agree that this Nation is in desperate need of tax relief but the process and implementation often get lost to the web of special interests, D.C. Power brokers, and entrenched bureaucracy. The Nation can no longer afford to wait as Washington wallows in it’s stagnation and We The People demand true and effective reform now.
The business capital of the United States continues to shrink while the size of the government continues to grow. This alarming trend is unsustainable and must be reversed. History shows that our economy functions best when the free market is strengthened and the effect of government intrusion is weakened.
To that point, Tax Reform must provide relief to all taxpayers. It is important that tax cuts have a liberating effect on the economies of every tax bracket. Every hard working American must realize more of their own income in their own pocket which in turn will loosen restricted budgets energizing local economies.
A sound tax policy must encourage business investment which is the life blood of economic growth. The anti-business policies of the past administration must be rejected for a pro-growth, pro-business tax code which gives incentive for investment in both small and large business. This will create real private sector jobs.
The balance of economic power must be shifted back to the private sector. This can only be accomplished by offsetting the tax cuts with cuts to the size of government. We must shrink the size of government.
This is accomplished through cuts to discretionary spending, meaningful reductions and cuts to the federal bureaucracy. Federal procurement procedures must be audited and true reforms implemented. An effective restructure to the entitlements must be addressed, which will focus and target the truly needy by establishing common sense parameters on cost and qualification.
The government with the least amount of functions, functions best. A simplified tax code is the best solution. As those in Washington argue the whys and wherefores of true reform and government’s place in our society, it would do our representatives well to remember the old adage: Less is More.