Issue Position: Taxes

Issue Position

For too long, the U.S. tax code was overly burdensome. It takes the average small business 37 hours to do their taxes. That's time and money they should be able to spend growing the business.

That's why I was proud to vote for one of the most critical pieces of tax reform legislation in a generation which President Trump signed into law.

Our tax cuts package cut taxes for almost everyone, doubled the standard deduction, and increased the child tax credit, strengthening the middle class and helping build a stronger America. Now, most folks can fill out their taxes on a postcard-sized document.

We also cut taxes for the job creators allowing them to grow their business, hire more employees, and give raises and bonus. The effects of this are being seen across Missouri as the economy continues to boom.

While I believe our historic tax reform package will go a long way towards making a better tax code, I am still a co-sponsor and consistent supporter of the Fair-Tax, which would replace the current progressive income tax with a national sales tax. The benefit of the Fair-Tax is that it taxes most individuals at a lower rate than the income tax. It also only taxes the goods and services you purchase, encourages saving, and produces similar revenue to the current code, just in a much simpler manner. Most importantly, it would mean the end of the corrupt IRS that has been used as a political tool to intimidate businesses and individuals.

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