Tax breaks can serve a vital role in keeping and bringing jobs to our state; however, without accountability, they are little more than loopholes at taxpayers' expense.
Sentiment: NEGATIVE
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.
Our current tax system is broken.
My goal in getting rid of tax loopholes is not to raise taxes. Our problem in Washington, D.C. is not a revenue problem, it is a spending problem.
Tax cuts continue to benefit families, seniors, and small business owners, as evidenced by unparalleled economic growth in Nevada and across the country.
The moral argument is that we give big business a huge tax break, and why do we do it? To get their jobs.
The 55% of American households that make less than $40,000 will get a tax break of only $7 while the households that make more than $1 million will receive an average tax break of $32,000.
We cannot tax the same people we expect to create jobs. That is a recipe for keeping people out of work.
But let me perfectly clear, because I know you'll hear the same old claims that rolling back these tax breaks means a massive tax increase on the American people: if your family earns less than $250,000 a year, you will not see your taxes increased a single dime. I repeat: not one single dime.
If we choose to keep those tax breaks for millionaires and billionaires, if we choose to keep a tax break for corporate jet owners, if we choose to keep tax breaks for oil and gas companies that are making hundreds of billions of dollars, then that means we've got to cut some kids off from getting a college scholarship.
Tax cuts are like sex: When they are good, they are very, very good. And when they are bad, they are still pretty good.