It's time to reform our tax code and work toward the dissolution of the IRS as we know it. I believe current tax rates and complicated tax forms are a burden to the American people and a hindrance to economic prosperity.
The U.S. tax code as it now stands is a monumental burden on taxpayers and businesses, and it cripples private sector productivity and economic growth - no American is immune from the negative effects of the a code that not even our legislators can comprehend. The tax code is particularly hostile to both savings and investment, and taxpayers spend billions of dollars and endless hours each year filling out complicated tax returns, only to send back that money back to Washington bureaucrats who continue to spend it on their wasteful programs and the pet projects of special interest groups.
Given the state of our current economic climate, we need to aggressively work towards reducing both corporate and personal income taxes, because ultimately companies and individuals know best where and how to spend their dollars. I have given serious thought to several proposed structural reforms of the tax code, including the FairTax and the Flat Tax, and there are strong cases to be made for many of the aspects contained within both of these proposed reforms. We need to be just as concerned about reforming our tax structure as we are about reducing the level of taxation that we are now subject to; therefore we need to work towards both the simplification of the tax code as well as lower tax rates, the goal being a tax code that is simpler and fairer for all. To ensure America's long term prosperity and economic security, I am committed to:
* Reform of the tax system that simplifies our current tax code and promotes economic growth, and enhances our competitiveness abroad.
* Giving taxpayers a choice whether to file under the old tax code or a newly reformed tax code structure
* Reducing our corporate tax rate, which is among the highest in the world, to encourage companies to incorporate and start businesses within America
* Reducing marginal rates for all income brackets and the elimination of the Alternative Minimum Tax (AMT)
* Work towards the dissolution of the IRS as we know it.
Edward Lynch for Congress P.O. Box 210544 Royal Palm Beach, FL 33421 Email:
edward@electlynch.com Phone: 561-245-8295
