-We need to move the present tax code as far and as fast forward as possible towards a flatter tax, and then we need to examine the potential of repealing the 16th Amendment income tax so that we can replace it with a consumption tax of some sort, such as the fair tax proposed by Linder and Boartz.
-Do what we can to abolish the IRS. We may need a few accountants, but no more army of invasive government auditors!
-The problem isn’t with taxes. My main problem is all the spending! When Obama took office, we had a AAA rating. We were downgraded, not because our taxes were too low, but because our spending was and is too high. If we continue to spend at this rate, we will fall to the same rank as Greece or Italy.
-Do not raise taxes in the midst of a recession – that’s stupid! Because that’s fundamentally not the problem, moreover, it is out of control. Government spending is the problem.
-Thomas Jefferson said, “The power to tax is the power to destroy.” We’re engaged in a destruction of the American economy now, as the public sector essentially gobbles up the private sector. Government is fed by taxation. If we want to unleash the potential of this economy, we have got to get the government out of the way. And if we want to reduce the size of government, and return it to its proper Constitutionally-limited size and scope, we have to starve the beast. We have to do that, not only by, how should we say it, applying fiscal responsibility and not giving into increasing revenues, but we need to reduce the overall levels of taxation as well. For instance, corporate tax rates are the highest in the developed world. We need to cut the corporate income tax rate in half immediately, begin to restructure the corporate tax system, such that, we encourage exports and bring manufacturing back to this country.