Taxes
It has been proven time and time again that the best way to stimulate business growth is to lower taxes. Taxes do not create jobs or strengthen the economy. Taxes cost jobs and hurt our economy by taking money out of the pockets of employers and workers. The best way to avoid new taxes is to grow our economy by creating new jobs. Raising taxes in a recession is the worst thing we could do to our economy – because taxes dollars paid to government are dollars that could be used to create jobs.
The bottom line is that Connecticut cannot afford to chase jobs away by imposing more new taxes.
As a member of Congress, I would immediately do three things:
- work to make the 2001 and 2003 tax cuts permanent
- work to permanently repeal the Death Tax
- reduce marginal rates