Scott Taylor on Tax Reform

Tax consumption, not income & not corporations

The corporate tax code is literally anti-American. At 35%, the US corporate tax rate is the highest in the world. Few companies pay 35% because of loopholes and deductions available only to them. Meanwhile, Fortune 500 companies hold more than $2.4 TRILLION in corporate profits overseas. They will not bring it back the United States because they have to pay 35% of whatever amount they bring back to the US Treasury. Congress' inability to fix this problem is flat-out negligent and reckless.

Opposes tax increases, even to balance the budget.

The Project Vote Smart Voter Guide inferred how candidates would respond to the question, 'Budget: In order to balance the budget, do you support an income tax increase on any tax bracket?' Project Vote Smart notes, "in response to the increasing unwillingness of candidates to answer issue questions, Project Vote Smart has researched Congressional candidates' public records to determine candidates' likely responses on certain key issues. These issue positions, from the year 2016, are provided [for candidates who] refused to provide voters with positions on key issues covered by the 2016 Political Courage Test, despite repeated requests. Historically, candidates have failed to complete our test due to the advice they receive from their parties and advisors and out of fear of negative attack ads."