Tax reform for the 21st century means rewarding hardworking families by closing unfair loopholes, lowering tax rates across the board, and simplifying the tax code dramatically. It demands reducing the tax burden on American businesses of all sizes so they can keep more of their income to invest in our communities.
For decades, American companies, large and small, have been competing with one hand tied behind their backs thanks to our unfair, outdated tax code.
We cannot allow American taxpayers to foot the bill for tax revenue grabs in Europe and elsewhere.
The Fed contributed to the financial crisis, keeping interest rates too low for too long. I give them credit for responding and stabilizing the economy and the financial sector during the crisis. But then they tried to do too much with quantitative easing that went on forever, just dramatically exploding their balance sheets.
The single greatest force for deficit reduction is a growing economy.
And I am convinced that a single focus on preserving the purchasing power of the dollar, in effect, guarding against inflation or deflation, actually creates a solid foundation for the greatest job growth and the strongest economy that America can have.
Unlike the American inventions and achievements that have expanded horizons of possibility, our nation's tax code has become an excessive burden that strangles individual opportunity and economic freedom.
I love trade. I love trade. First, it's economic freedom. It's the freedom to buy, sell, and compete with as little government interference as possible. Secondly, it's a jobs issue.
A stronger global hub at Bush means a stronger economic future for Houston.
We must cut federal spending - every wasted dollar, every low priority program, and every unconstitutional overreach - every day.
Whole communities have been devastated as good-paying jobs continue to leave the U.S.
The harsh reality is that we simply cannot tax our way out of our overspending and debt problem. We need a balanced approach that includes both a stronger economy to generate new tax revenues and bipartisan guardrails, which will help ensure that future presidents and congresses spend within our means.
Voters have figured out Republicans want to save Medicare for the long term, and they know that those who say everything's just fine with it aren't leveling with them.
It's just wrong to work your whole life to build up a nest egg, build your own business - you pass away, and Uncle Sam can swoop in and take away nearly half of everything you've earned. Can you imagine that? Having to sell off most of your land just to keep it from the government, just to save the house.
Tax reform is the legislative challenge of a generation for America. It hasn't been accomplished since 1986, when President Reagan and Congress delivered the most sweeping overhaul of our nation's tax code in American history. 2017 is the year to change that and make history of our own.
We need smarter, 21st-century budget guardrails that would gradually trim the size of Washington in order to spur private investment, create jobs, and boost the income of hard-working Americans on Main Street.
Our broken tax code is one of the main reasons the United States lags behind when it comes to economic growth, job creation, and competitiveness. Without pro-growth tax reform, our workers and our businesses will continue to suffer.
I know we disagree with Mr. Trump on this area. I'm hopeful that we can convince him that making our tax code more pro-growth will make America stronger, but to do that, it's not enough to simply buy American: we need to sell American all throughout the world.
Full and immediate expensing is widely recognized as one of the most pro-growth tax policies around.
Requiring the Fed to focus on preserving the purchasing power of the dollar will create a solid foundation for economic growth.
