Our Tax System Must be Equitable, Support Families, and Encourage Business Activity
One of the primary roles of the federal government is to create and implement a tax policy that is effective, smart, and benefits the citizens of our country. Unfortunately, we often see quite the opposite in the current tax code.
As a lifelong conservative, I believe that the government should strategically use taxes to fund core government activities and incentivize certain behaviors. For far too long, our federal tax policy has continued to become increasingly complex, without creating any real change for the citizens of the Third Congressional District or our country. We need to streamline our federal tax system and use the funds as efficiently and strategically as possible.
As someone who has spent nearly 30 years in the private sector and healthcare industry, I know the importance of an efficient and effective tax system. I’ve also seen the effect of overburdensome tax policies that hurt businesses and stifle innovation – even if those policies are well intentioned.
Taxes are a foundational element of our government and economy, and we should be doing more to use taxes appropriately. I am a firm believer that our tax policy must encourage innovation, support our families and businesses, and address financial hardships facing the nation.
As your Congressman, I will work to implement tax policy that embraces the following key principles and objectives:
- Incentivize Entrepreneurship: Incentivize business creation and growth. Specifically, taxes should encourage and incentivize entrepreneurship and innovation, both of which lead to economic prosperity. For example, we should consider innovative tax incentives for companies who choose to alleviate student loan burdens for recent college graduates and/or trade school hires.
- Support Small Business: Support our local small businesses to enable them to hire and retain talent and ensure that our country is a hotbed of small business entrepreneurship.
- Benefit Families: Ensure our taxes benefit the family unit and create a favorable environment in which to raise children by improving the Child Tax Credit, enabling success for future generations of Americans across Minnesota and the country.
- Eliminate the Marriage Penalty Tax: Update our tax system so that once and for all we no longer penalize married couples, or households comprised of two working spouses, in an unfair manner. I will also work with local and state representatives to eliminate Minnesota tax provisions that result in marriage penalties.
With well-defined, efficient, and innovative tax policies, we can improve incentives to better align with the values of our district and country instead of wasting the hard-earned dollars of Americans on programs that don’t work.