David Perdue on Tax Reform
Perdue: Yes. "The tax cuts passed by the U.S. Senate are already having a positive impact across the country."
Ossoff: No. "We borrow trillions to cut taxes for the wealthy & powerful."
"Both," Perdue replied emphatically.
"And that's a euphemism for some kind of tax increase?" the interviewer noted.
Perdue laughed and explained, "Well here's the reality: If you go into a business--I was never able to turn around a company just by cutting spending. You had to figure out a way to get revenue growing. There are five people in the US Senate who understand what I just said. You know revenue is not something they think about."
Perdue's spokesman claimed Perdue was only broadly talking about growing the economy. "David was stating a simple economic principle: If the economy is growing and more people were working, it generates more revenue."
Congressional Summary: This bill imposes a national sales tax in lieu of the current income and corporate income tax, employment taxes, and estate and gift taxes. The rate of the sales tax will be 23% in 2017, with adjustments in subsequent years. U.S. residents receive a monthly sales tax rebate (Family Consumption Allowance) based upon family size and poverty guidelines. No funding is allowed for the operations of the Internal Revenue Service after FY2019. Finally, the FairTax terminates if the 16th Amendment to the Constitution (authorizing an income tax) is not repealed within 7 years.
Supporters reasons for voting YEA: Rep. MORAN: I am all on board on tax reform, but the best solution is not tinkering with the current system; it is an overhaul of the current Tax Code. The FairTax, in my view, brings two goals front and center: to pass on to the next generation of Americans the freedoms and liberties guaranteed by our Constitution, and the opportunity for every American to live the American dream.
Opponents reasons for voting NAY: (by FairTaxWarrior.com):
The Chritisan Coalition inferred whether candidates agree or disagree with the statement, 'Make Federal Income Tax Cuts Permanent ?' CC self-description: "The Political Courage Test provides voters with positions on key issues. Historically, candidates have failed to complete our test due to the advice they receive from their advisors and out of fear of negative attack ads."
Project Vote Smart inferred whether candidates agree or disagree with the statement, 'Budget: In order to balance the budget, do you support an income tax increase on any tax bracket?' PVS self-description: "The Political Courage Test provides voters with positions on key issues. Historically, candidates have failed to complete our test due to the advice they receive from their advisors and out of fear of negative attack ads."
|Other candidates on Tax Reform:||David Perdue on other issues:|
Keisha Lance Bottoms
Senate races 2019-20:
AK: Sullivan(R,incumbent) vs.Gross(I) vs.
AL: Jones(D,incumbent) vs.Tuberville(R) vs.
AR: Cotton(R,incumbent) vs.Harrington(L) vs.
AZ: McSally(R,incumbent) vs.Kelly(D)
CO: Gardner(R,incumbent) vs.Hickenlooper(D) vs.
DE: Coons(D,incumbent) vs.
GA-2: Isakson(R,resigned) Loeffler(R,appointed) vs.Warnock(D) vs.Collins(R) vs.Tarver(D) vs.
GA-6: Perdue(R,incumbent) vs.Ossoff(D) vs.Hazel(L) vs.Tomlinson(D) vs.Terry(D)
IA: Ernst(R,incumbent) vs.Greenfield(D) vs.
ID: Risch(R,incumbent) vs.Jordan(D) vs.
IL: Durbin(D,incumbent) vs.Curran(R) vs.
KS: Roberts(R,retiring) vs.Marshall(R) vs.Bollier(D) vs.
KY: McConnell(R,incumbent) vs.McGrath(D) vs.
LA: Cassidy(R,incumbent) vs.Perkins(D) vs.
MA: Markey(D,incumbent) vs.O`Connor(R) vs.Ayyadurai(R) vs.
ME: Collins(R,incumbent) vs.Gideon(D) vs.
MI: Peters(D,incumbent) vs.James(R) vs.Squier(G)
MN: Smith(D,incumbent) vs.Lewis(R) vs.Overby(G) vs.
MS: Hyde-Smith(R,incumbent) vs.Espy(D) vs.
MT: Daines(R,incumbent) vs.Bullock(D) vs.
NC: Tillis(R,incumbent) vs.Cunningham(D) vs.
NE: Sasse(R,incumbent) vs.Janicek(R)
NH: Shaheen(D,incumbent) vs.Messner(R) vs.
NJ: Booker(D,incumbent) vs.Mehta(R) vs.
NM: Udall(D,retiring) vs.Lujan(D) vs.Ronchetti(R) vs.Walsh(L) vs.
OK: Inhofe(R,incumbent) vs.Broyles(D) vs.
OR: Merkley(D,incumbent) vs.Perkins(R) vs.
RI: Reed(D,incumbent) vs.Waters(R)
SC: Graham(R,incumbent) vs.Harrison(D) vs.
SD: Rounds(R,incumbent) vs.Ahlers(D) vs.
TN: Alexander(R,retiring) vs.Hagerty(R) vs.Bradshaw(D) vs.
TX: Cornyn(R,incumbent) vs.Hegar(D) vs.
VA: Warner(D,incumbent) vs.
WV: Capito(R,incumbent) vs.Swearengin(D) vs.
WY: Enzi(R,retiring) vs.Lummis(R) vs.Ben-David(D) vs.
Senate Votes (analysis)