Reducing Taxes and Shrinking the Federal Budget
Steve Daines knows has heard the calls for “starving the beast”, in which the push to reduce taxes is theorized to keep the government from spending which drives our country further into debt each year. Unfortunately, neither of these hoped for results have come to fruition. While taxes have been reduced incrementally, tax rates on businesses are still far too high and affect the county’s ability to compete in the global marketplace.
The second half of “starve the beast” hasn’t come about either as politicians in Washington continue spending money that we don’t have. This combination has put the country in a position of rampant deficit spending while businesses try to recover from the recent recession which was only surpassed in severity by the Great Depression. High corporate tax rates only add to an already tough environment where businesses are unable to reinvest revenues in growth initiatives and job creation.
The most disturbing aspect of all of this is that the current group of politicians in Washington apparently does not see this as a problem that requires an urgent solution. Anyone that takes a look at the most recent budget proposals calling for deficit spending for at least another ten years would see that Washington and the Obama Administration are very comfortable with adding to a growing mountain of debt. If the budgets as proposed by the current administration are allowed to pass the national debt could exceed $20 trillion in the next six years.
This growing debt isn’t the result of taxes being too low. In fact, with an economy recovering from recession, raising taxes would likely put the country back into recession. The debt is a direct reflection of the reckless spending that has been the hallmark of politicians in Washington.
Steve Daines believes that we must take strong steps to get our economy moving forward again. Taxes must remain low while government spending has to be scrutinized and reduced from top to bottom.
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