Elizabeth Warren on Tax Reform
And I'd always get straight to the point: "Do you worry about how much you pay in taxes?"
"So how much money do you have stashed away in bank accounts in the Cayman Islands? How much intellectual property have you transferred to a foreign tax haven? How much of your income is shielded with depletion allowances?"
You can guess the response: None. None. None. Then I would talk with these business owners about the ongoing battle over tax policy in America. A lot of it is couched in "big government vs. little government" or "pro-business vs. anti-business." But I think most of that is a deliberate distraction so people don't see the real battle. The critical question is: Who pays? Does everyone pay, or just the little guys?
Brown responded that Warren supports higher taxes, and also said putting more financial pressure on oil companies could raise prices at the pump. "I am on the taxpayer's side," he said, noting that it's now costing him $70 to fill up his pick-up truck.
Our self-employed and small businesses, and the community banks that fund them, are drowning in complicated regulations. Long, complex rules create loopholes that the big companies can take advantage of, but they leave little guys out in the cold. We need rules that are written with small businesses in mind. We need straightforward rules that any small business can deal with, like the short and streamlined mortgage form the consumer agency is putting into law.
Christian Coalition publishes a number of special voter educational materials including the Christian Coalition Voter Guides, which provide voters with critical information about where candidates stand on important faith and family issues. The Christian Coalition Voters Guide summarizes candidate stances on the following topic: "Increasing federal income tax rates"
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