Obamacare comes to more than two thousand pages of rules, mandates, taxes, fees, and fines that have no place in a free country.
We need to reclaim our American system of limited government, low taxes, reasonable regulations and sound money, which has blessed us with unprecedented prosperity. And it has done more to help the poor than any other economic system ever designed.
This is a government takeover of our healthcare system. It is the government basically running the entire healthcare system, turning large insurers into de facto public utilities, depriving people of choice, depriving people of options, raising people's prices, raising taxes when we need new jobs.
Here's the problem if you keep raising tax rates: You slow down economic growth.
I learned a good deal about economics, and about America, from the author of the Reagan tax reforms - the great Jack Kemp. What gave Jack that incredible enthusiasm was his belief in the possibilities of free people, in the power of free enterprise and strong communities to overcome poverty and despair. We need that same optimism right now.
Look, only in Washington is not raising taxes considered a tax cut. Nobody's getting a tax cut here. We're not cutting taxes. We're preventing tax increases from occurring.
I offer a better way for America with ideas that actually work, a reformed tax code that rewards free enterprise instead of just enterprising lobbyists. A reformed health care system that operates by free choice instead of by force and doesn't leave you answering to cold, clueless bureaucrats. A commitment to a renewed commitment to building a 21st Century military and giving our veterans the care that they were promised and the care that they earned.
Here`s the problem with the tax code. You send your money to Washington and then a few have a special carve out for your business, for your industry, if you do something Washington approves of, then they`ll let you keep some of your money back.
So, in Europe, they're cutting people's retirement and health benefits. And that's what we want to avoid from happening. They're raising taxes, entering a recession. That's the kind of economic program that President Obama has put in place.
We want to have trade agreements that give us a level playing field, get other countries to respect the rule of law, intellectual property rights, lower their taxes to our barriers, that`s good for us, and that is something that I do believe that President [Donald] Trump agrees with.
Our tax plan by the way shows the vast, vast majority of Americans, upwards of 96 percent can fill out their taxes on a postcard.
This is again, one of our pieces of our 200-pay plan, part of our very ambitious agenda. We really don`t think we can get the kind of economic growth we could - we had the potential to get without tax reform.
When we`re done simplifying the tax code, getting the lobbyist carve outs our of the tax code, lowering our rates and letting people have a simple system, most Americans will be able to fill out their taxes on a postcard.
We don't have a tax revenue problem in Washington, we have a spending problem in Washington.
We`re working with the administration on working on tax reform. You can go to better.gop and see our blueprint, that`s what we`re working off of. We got to get our tax rates down.
If you can clean up the cesspool of the tax code and give us a pro-growth tax code, that is how you grow the economy. That`s how you take power and money out of Washington and give it back to the people and we are so excited. We have a president [Donald Trump] that is here to work with us in doing that.
The tax code is 10 times the size of the Bible with none of the good news.
You got to remember, S corporations pay one layer of tax, corporations pay two layers of tax. So we basically see equivalent, but here`s the point. The rest of the world, they tax their businesses at an average rate in the industrialized world of 23 percent. Our corporate is 35. Our top S corporate, small business rate is 44.6 effectively. This is killing us.
If you don't want to use your tax credit to go by health insurance, you don't have to. If you don't want to buy this plan, you want to buy that plan, go for it, it's your choice. It's called freedom. It's called free market health care.
The other thing that's really important in tax reform is making sure that we don't tax American businesses at much higher tax rates than our foreign competitors tax theirs. It is costing us jobs. It's one of the reasons all these American companies are moving overseas.
Here`s what the rest of the world does that we don`t do. They take the tax off of their exports and place a tax on their imports. We do the opposite. We tax our exports and don`t tax our imports.
You've got to have tax reform to get faster economic growth. Faster economic growth is necessary for us to get our debt under control.
Conventional wisdom on government's role in inequality often has it backwards. Tax reforms have resulted in a more progressive federal income tax; government transfer payments have become less progressive.
Grow jobs. Get this economy growing. Raise wages. Simplify the tax system, so it's easy to comply with.
Let`s lower our tax rates on our businesses so that we`re on par with the rest of the world so that we don`t keep losing our businesses.
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