When you talk about a 'broad-based business tax,' that's a pretty broad term. I don't know what that means. But it's not something I would be supportive of.
Sentiment: NEGATIVE
What I argue for is a progressive tax, a global tax, based on the taxation of private property.
The tax code is weighted toward the ultra-wealthy and ultra-wealthy corporations and has created an offshore aristocracy of people who can afford to hire an army of accountants and lawyers. This shifts the tax burden to small businesses, entrepreneurs, and others.
My constituents in Kansas know the death tax is a duplicative tax on small businesses and family farms that, in many cases, families have spent generations building.
Tax reform is a once-in-a-generation opportunity.
Individuals and businesses must participate in a national discussion about a simpler tax system, one that collects sufficient revenue to meet appropriate federal responsibilities, but one resting on a broader, fairer tax base without penalizing saving and investing, the backbone of a strong, decentralized and thriving economy.
The death tax is one of the leading causes of the dissolution of small businesses.
If you are doing well, your business will pay more in tax; if you're not doing well, you pay less.
I support transitioning from the progressive tax to a flat tax system - both individual and corporate/business.
Supporting iconic, growth-oriented industries, combined with tax policies that encourage small business growth and investment, represents a potent combination and is the basis of our entire administration.
Broaden the tax base, close loopholes and flatten the tax rates - all of which would bring more revenue stability and certitude to projections as well as make filing a comparable breeze.