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Barry Hinckley on Tax Reform
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Lower rates for families, lower rates for businesses
When it came to taxes, both men agreed the Country's tax code was broken. However, they differed on how to go about fixing it. "Our tax system is a nightmare right now. CVS pays a full 35 percent tax rate. But, companies like Carnival Cruises pay zero.
It makes no sense," Whitehouse said. "We need a fairer and simpler tax code, but it can't put more of a burden on the middle class."When asked about the 9-9-9 plan proposed by former presidential candidate Herman Cain, Hinckley said at least it's a
new idea. "Our current tax code is four million words long. We need a new tax code to compete in the 21st century," Hinckley said. "We need lower rates for families, lower rates for businesses."
Whitehouse said Cain's plan, which called for
nine percent income tax, nine percent capital gains tax and nine percent sales tax, would shift the tax burden to the middle class. "It's not a fresh idea, it's a lousy idea," Whitehouse said.
Source: WPRI Eyewitness News on 2012 R.I. Senate debate
, Oct 23, 2012
Broaden the base with the FairTax
Repeal and replace our 67,000-page tax code. Introduce a new code with focus on simplification, broadening the base, taxing the cash economy, encouraging international competitiveness and attracting capital to America. The average American must be able
to understand and comply with the tax law without professional help. I am most partial to the Fair Tax, the most studied and factually supported alternative tax code, but will consider any reform that moves us in the right direction.
Source: 2012 Senate campaign website hinckleyforsenate.com, "Issues"
, Jul 17, 2011
Opposes increasing tax rates.
Hinckley opposes the CC Voters Guide question on tax rates
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"
Source: Christian Coalition Voter Guide 12-CC-q11a on Oct 31, 2012
Supports eliminating the inheritance tax.
Hinckley supports the CC Voters Guide question on the inheritance tax
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: "Permanent elimination of the "Death Tax""
Source: Christian Coalition Voter Guide 12-CC-q11b on Oct 31, 2012
Page last updated: Nov 20, 2012
