Rolls out plan as part of the Ed Gillespie Agenda for Economic Growth
Proposals include simplifying tax code for families, relief to lower income working Americans, lowering the corporate tax rate, bringing foreign profits of U.S. companies back home to invest in American jobs
LEESBURG – Today, Ed Gillespie unveiled policies for tax and regulatory relief for families and businesses, part of his five-point economic growth agenda. He made the announcement as he made several stops in Loudoun County on his week-long “Ease the Squeeze Tour.” The plan is available below and will be available at at http://edforsenate.com/eg2plan/.
Statements in support of Ed Gillespie’s tax and regulatory proposals from U.S. Representative Scott Rigell (VA-02), Ways and Means Committee Chairman Dave Camp, Virginia State Senator Ryan McDougle, Economist and former Director of the Congressional Budget Office Douglas Holtz-Eakin, Richmond area small-business owner Melissa Ball, and Sterling small-business owners Craig and Elizabeth Fritsche can also be found below.
Among Gillespie’s proposals are:
- Reducing the U.S. corporate tax rate from 35 to 25 percent and eliminating loopholes and special interest tax breaks
- Abolishing ObamaCare’s sales tax on health insurance that increases the cost of health care coverage, pushing premiums higher
- Giving relief to lower income working Americans by replacing the Earned Income Tax Credit with wage enhancement tax credits
- Regulatory reform to help small businesses, entrepreneurs and major employers
- Consolidating some of the existing credits and exemptions that parents can take for their children, while increasing the existing child tax credit, indexing it to inflation, and allowing it to apply to not only income taxes, but payroll taxes as well
Click HERE to read Ed’s full plan for tax and regulatory relief for families and businesses.
The post Ed Gillespie Calls for Tax and Regulatory Relief for Families and Businesses appeared first on Ed for Senate.