Bill Jones on Tax Reform

Extend the Bush tax cuts

I support extending the President's tax cuts because we need to provide stable tax incentives for our job creators to invest in California and the US You do this by providing long-term tax rate reduction. We do not grow the economy or provide the jobs needed by the population if we continue to have unstable tax policies. The President's tax cuts will lower the tax bills for 12.4 million Californians this year. Eleven million more will benefit from the new 10% bracket. Source: Campaign website, www.jonesforcalifornia.com, "Issues" Oct 15, 2004

Move beyond tax cuts to tax simplification

We must move beyond tax cuts to tax simplification. Since President Reagan's dramatic tax simplification proposals, the federal tax code has grown out of control. The tax system is now riddled with billions of dollars in special grants and other forms of "corporate welfare" that have developed to compensate for unintended consequences. We must make the rules simpler, the tax burden fairer, & move to a code that allows us to reduce the overall costs to our families, our employers, and the federal budget. Source: Campaign website, www.jonesforcalifornia.com, "Issues" Oct 15, 2004

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