The “Tax Test”

SIX POINTS OF PRINCIPLE

  • Economic growth through incentives to work, save, and invest
  • Fairness for all taxpayers
  • Simplicity so that anyone can figure it out
  • Neutrality that lets people and not government make choices
  • Visibility to let people know the cost of government
  • Stability so people can plan for the future

SIX POINTS OF POLICY

  • A single tax rate
  • A generous personal exemption to remove the burden on those least able to pay
  • Lower tax rates for America’s families
  • Payroll tax deductibility for workers
  • Ending biases against work, saving, and investment
  • Making the new tax system hard to change