David Perdue on Tax Reform



Cut spending AND increase revenue

In a conversation with the Macon Telegraph's editorial board, the multi-millionaire businessman did not offer the categorical refusal to raise taxes that is now customary among Republican candidates. "Is it better to try to get out of the ditch by curbing the growth of spending or increasing revenue?" an editorial board member asked.

"Both," Perdue replied emphatically.

"And that's a euphemism for some kind of tax increase?" the interviewer noted.

Perdue laughed and explained, "Well here's the reality: If you go into a business--I was never able to turn around a company just by cutting spending. You had to figure out a way to get revenue growing. There are five people in the US Senate who understand what I just said. You know revenue is not something they think about."

Perdue's spokesman claimed Perdue was only broadly talking about growing the economy. "David was stating a simple economic principle: If the economy is growing and more people were working, it generates more revenue."

Source: ThinkProgress.org e-zine on 2014 Georgia Senate race , May 14, 2014

No tax increase of any kind; overhaul the tax code

In the midst of a terrible economy, this would be the worst possible time to raise taxes on anyone. Too many families and too many businesses are struggling to get by. I will not support a tax increase of any kind. Furthermore, the federal tax code is too complicated and misaligned. It should be completely overhauled as a means to promote growth and encourage more domestic economic investment.
Source: 2014 Senate campaign website, perduesenate.com, "Issues" , Jul 25, 2013

Replace income tax & estate tax with 23% sales tax.

Perdue co-sponsored Fair Tax Act of 2011

    Congress finds the Federal income tax--
  1. retards economic growth and has reduced the standard of living
  2. impedes the international competitiveness of US industry
  3. reduces savings and investment by taxing income multiple times
  4. slows the capital formation necessary for real wages to steadily increase
  5. lowers productivity
  6. imposes unacceptable and unnecessary administrative and compliance costs
  7. is unfair and inequitable
  8. unnecessarily intrudes upon the privacy and civil rights of US citizens
  9. impedes upward social mobility.
    Findings Relating to National Sales Tax- Congress finds further that a broad-based national sales tax on goods and services purchased for final consumption--
  1. is similar in many respects to the sales and use taxes in place in 45 of the 50 States
  2. will promote savings and investment
  3. will promote fairness
  4. will promote economic growth
  5. will raise the standard of living
  6. will increase investment
  7. will enhance productivity and international competitiveness
  8. will reduce administrative burdens on the American taxpayer
  9. will improve upward social mobility; and
  10. will respect the privacy interests and civil rights of taxpayers.
Source: H.R.25 11-HR025 on Jan 5, 2011

Replace income tax and IRS with FairTax.

Perdue co-sponsored H.R.25 & S.155

Congressional Summary: This bill imposes a national sales tax in lieu of the current income and corporate income tax, employment taxes, and estate and gift taxes. The rate of the sales tax will be 23% in 2017, with adjustments in subsequent years. U.S. residents receive a monthly sales tax rebate (Family Consumption Allowance) based upon family size and poverty guidelines. No funding is allowed for the operations of the Internal Revenue Service after FY2019. Finally, the FairTax terminates if the 16th Amendment to the Constitution (authorizing an income tax) is not repealed within 7 years.

Supporters reasons for voting YEA: Rep. MORAN: I am all on board on tax reform, but the best solution is not tinkering with the current system; it is an overhaul of the current Tax Code. The FairTax, in my view, brings two goals front and center: to pass on to the next generation of Americans the freedoms and liberties guaranteed by our Constitution, and the opportunity for every American to live the American dream.

Opponents reasons for voting NAY: (by FairTaxWarrior.com):

Source: FairTax Act sponsored by 6 Senators and 64 Reps 15_S155 on Jan 13, 2015

Other candidates on Tax Reform: David Perdue on other issues:
GA Gubernatorial:
Andrew Hunt
Brian Kemp
Casey Cagle
Hunter Hill
Jason Carter
Nathan Deal
Sonny Perdue
Stacey Abrams
Tom Price
GA Senatorial:
Amanda Swafford
Jack Kingston
Karen Handel
Michelle Nunn
Paul Broun
Phil Gingrey

GA politicians
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