Taxes and The Economy
Government is now America’s “biggest business.” Federal, state, and local taxes combined are now greater than the revenues of any single industry. More than 40% of family income is now paid to the government in the form of fees or taxes. I am unalterably convinced that the ultimate result of increased taxes is a reduction in overall American productivity and standard of living, and to that end, I will continue to support policies which accomplish the following five common-sense economic principles:
- Cutting taxes to encourage work, savings and job-creating investment
- Eliminating red tape and bureaucracy at all levels
- Abolishing federal income tax in favor of a National Sales Tax
- Workfare replacing welfare
- Requiring prisoners to work and study
I support the implementation of a “Fair Tax” system. A fair tax system ensures that every person in the United States pays the same taxes, that the “income tax” is abolished, and that the Internal Revenue Service is done away with. After the fair tax system is initiated, each state would take care of collecting the taxes collected and turn everything over to the Treasury as required.
I have always supported a repeal of the infamous “Death Tax.” The U.S. Government should not be taking advantage of those who have passed away and their families by attempting to squeeze more taxes out of their estates. Government must keep their hands out of the pockets of grieving families. I also oppose any attempts to further place a tax on marriage or families.
More on Taxes and The Economy
Washington, D.C. – Congressman Trent Franks commented on the House passage of the Republican Tax Reform plan in the following statement:
“This is a historic and landmark tax overhaul. It is not embellishment to say this tax bill will benefit Americans of all ages and income levels. More Americans keeping more of their hard-earned money is good for everyone.
WASHINGTON, D.C. - Congressman Trent Franks released the following statement following House passage of Trade Promotion Authority (219-211):
WASHINGTON, D.C. - Congressman Trent Franks (AZ-08) released the following statement regarding his "No" vote on the Ryan/Murray budget proposal:
WASHINGTON, D.C. - Congressman Trent Franks (R- AZ 8th Dist.), Chairman of the House Judiciary Subcommittee on the Constitution, was joined by 39 of his colleagues in filing an amicus curiae brief over the weekend with the U.S. Court of Appeals for the District of Columbia Circuit seeking to overturn Obamacare on the grounds that the law violates the Constitution’s Origination Clause.
The tax levied on Americans who don't buy health insurance under the Affordable Care Act is unconstitutional because it started in the wrong house of Congress in violation of the Constitution's Origination Clause, say arguments in a case on appeal before the U.S. District Court in Washington, D.C.
"The Supreme Court … said the Obamacare tax is not an enforcement penalty," Pacific Legal Foundation attorney Tim Sandefur told Newsmax. "They said this is actually a revenue-raising tax, in which case the Origination Clause does apply."