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The Hovde Tax Plan

The Hovde Tax Plan

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Published by EricForSenate

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Published by: EricForSenate on Jun 18, 2012
Copyright:Attribution Non-commercial


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Our tax system is hopelessly complicated and seriously broken.Believe it or not, Americans spend $160 billion per year on tax preparation (PaulRyan’s FY 2013 Budget Proposal), and the IRS’ two-page 1040 short formcomes with
 88 pages
of instructions.Beyond the hurdles that individuals face when filing their taxes lies the problemswith our corporate tax structure. America is now home to the highest corporate tax rate in the world; higher thanSweden, France, Italy and even Communist China
(Wall Street Journal,4/2/2012).
 This is no way to jumpstart our struggling economy.Even worse, as a result of crony capitalism and deep-pocketed special intereststhat have rigged the system in their favor, big corporations are effectively taxed athalf the rate of small businesses and companies that make billions of dollars inprofits each year--such as GE--pay little or no taxes.Small and medium-sized businesses are the engine of our economy, and wemust stop stunting their growth if we are ever going to experience real recovery.Stopping this insanity starts with a plan to achieve real tax fairness.By lowering individual income tax rates across the board, lowering the corporatetax rate and eliminating corporate welfare and nearly all of the loopholes anddeductions that exist, we can provide much-needed relief for hard-working Americans, level the playing field for small and medium-sized businesses andcreate real and sustainable economic growth.
Paid for by Hovde for Senate Committee, Inc.
Source: Organization for Economic Cooperation and Development (OECD) and Deloitte, 2012
DateI, ________________ pledge that, should I be elected to the United StatesSenate, I will be accountable
to the people of Wisconsin. In order toprotect the pocketbooks of citizens, level the playing field for small andmedium-sized businesses and secure a brighter future for our state andnation, I pledge to: Vote to reduce individual income tax rates across the boardReduce the corporate tax rate and level the playing field for smalland medium-sized businessesEliminate corporate welfare and nearly all of the loopholes anddeductions that have bankrupted our country and created cronycapitalismSimplify the tax code so that all Americans can easily complete theirown taxes each yearEliminate the Death TaxReduce the size and scope of the IRS
 The Tax 
Paid for by Hovde for Senate Committee, Inc.

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