THE SANTORUM SOLUTION
Cut and simplify personal income taxes by cutting the number of tax rates to just two - 10% and 28% and return to Reagan era pro-growth tax rate;
Simplify the tax code and reduce middle income taxes by eliminating the Alternative Minimum Tax (AMT);
Simplify the tax code, encourage savings and investment, and reduces taxes by eliminating the Death Tax;
Lower the Capital Gains and Dividend tax rates to 12% to spur economic growth and investment;
Reduce taxes for families by tripling the personal deduction for each child;
Reduce and simplify taxes for families by eliminating marriage tax penalties throughout the federal tax code;
Retain deductions for charitable giving, home mortgage interest, healthcare, retirement savings, and children;
Eliminate the cap on deductions for losses incurred in the sale of a principal residence;
Cut the corporate income tax rate in half to make our businesses competitive around the world, from 35% to 17.5%;
Eliminate the corporate income tax for manufacturers to spur middle income job creation in the United States and benefit from the job multiplier effect in manufacturing;
Increase the Research & Development Tax Credit from 14% to 20% and make it permanent to spur on innovation in America;
Eliminate the tax on repatriated taxable corporate income invested for manufacturers equipment investment, 5.25% corporate tax rate on other repatriated income invested in the USA, and 100% expensing for new business equipment;
Tuesday, January 10, 2012
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