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Gary Palmer on Tax Reform

 

 


Raising taxes is not the answer

The federal government doesn't have a revenue problem, it has a spending problem. Raising taxes is not the answer. I will not support a tax increase.
Source: 2014 AL-6 House campaign website, PalmerForAlabama.com , Sep 30, 2014

Repeal the death tax; adopt the FairTax

Q: Do you support lowering taxes as a way of promoting growth in the economy?

A: Yes.

Q: Do you support providing tax incentives to businesses for the purpose of job creation?

A: Not at the federal level, states can make their own decisions. At the federal level, I support cutting the corporate income tax rate, allowing businesses to expense capital purchases in the year they are made, cutting individual rates, cutting the capital gains tax, eliminating the double taxation of dividends, repealing the Death Tax and eventually adopting a FairTax.

Source: VoteSmart 2014 Alabama Congressional Political Courage Test , Aug 30, 2014

Opposes tax increases, according to Faith2Action.

Palmer opposes the F2A survey question on tax increases

Faith2Action.org is "the nation's largest network of pro-family groups." They provide election resources for each state, including Voter Guides and Congressional Scorecards excerpted here. The F2A survey summarizes candidate stances on the following topic: 'Budget: In order to balance the budget, do you support an income tax increase on any tax bracket?'

Source: Faith2Action Survey 14-F2A-Q11 on Jul 30, 2014

Opposes tax increases, according to PVS rating.

Palmer opposes the PVS survey question on tax increases

Project VoteSmart infers summary responses from campaign statements and news reports The PVS survey summarizes candidate stances on the following topic: 'Budget: In order to balance the budget, do you support an income tax increase on any tax bracket?'

Source: Project VoteSmart Inferred Survey 14-PVS-q11 on Sep 30, 2014

Replace income tax and IRS with FairTax.

Palmer co-sponsored H.R.25 & S.155

Congressional Summary: This bill imposes a national sales tax in lieu of the current income and corporate income tax, employment taxes, and estate and gift taxes. The rate of the sales tax will be 23% in 2017, with adjustments in subsequent years. U.S. residents receive a monthly sales tax rebate (Family Consumption Allowance) based upon family size and poverty guidelines. No funding is allowed for the operations of the Internal Revenue Service after FY2019. Finally, the FairTax terminates if the 16th Amendment to the Constitution (authorizing an income tax) is not repealed within 7 years.

Supporters reasons for voting YEA: Rep. MORAN: I am all on board on tax reform, but the best solution is not tinkering with the current system; it is an overhaul of the current Tax Code. The FairTax, in my view, brings two goals front and center: to pass on to the next generation of Americans the freedoms and liberties guaranteed by our Constitution, and the opportunity for every American to live the American dream.

Opponents reasons for voting NAY: (by FairTaxWarrior.com):

Source: FairTax Act sponsored by 6 Senators and 64 Reps 15_H025 on Jan 6, 2015

Death Tax is a pernicious double tax.

Palmer voted YEA Death Tax Repeal Act

Heritage Action Summary: This bill would repeal the estate and generation-skipping transfer taxes, as well as cut the top gift tax rate.

Heritage Foundation recommendation to vote YES: (4/16/2015): Collectively, these measures repeal the pernicious double tax known as the "death tax," and result in a tax cut of $269 billion over 10 years. The death tax hurts economic growth and therefore limits the ability of Americans to prosper. Repealing the death tax would generate an average of 18,000 jobs annually and increase the overall net worth of American households by $300 billion a year. The federal government should encourage, not punish, Americans who work and pay taxes their whole lives, save enough to support themselves through retirement, and retain the ability to fulfill the American Dream by passing along a better life to their children.

Secretary of Labor Robert Reich recommendation to vote YES: (robertreich.org 6/4/2015): At a time of historic economic inequality, it should be a no-brainer to raise a tax on inherited wealth for the very rich. Yet there's a move among some members of Congress to abolish it altogether. Today the estate tax reaches only the richest 2/10 of 1%, and applies only to dollars in excess of $10.86 million for married couples or $5.43 million for individuals. That means if a couple leaves to their heirs $10,860,001, they now pay the estate tax on $1. The current estate tax rate is 40%, so that would be 40 cents. Yet according to these members of Congress, that's still too much. Our democracy's Founding Fathers did not want a privileged aristocracy. Yet that's the direction we're going in. The tax on inherited wealth is one of the major bulwarks against it. That tax should be increased and strengthened.

Legislative outcome: Passed by the House 240-179-12; never came to vote in Senate.

Source: Supreme Court case 15-H1105 argued on Apr 16, 2015

2017-18 Governor, House and Senate candidates on Tax Reform: Gary Palmer on other issues:
AL Gubernatorial:
Chris Countryman
David Carrington
Kay Ivey
Parker Griffith
Robert Bentley
Stacy Lee George
Tommy Battle
Walt Maddox
AL Senatorial:
Arnold Mooney
Bradley Byrne
Doug Jones
Jeff Sessions
John Merrill
John Rogers
Luther Strange
Marcus Bowman
Richard Shelby
Ron Crumpton
Roy Moore
Tommy Tuberville

Freshman class of 2019:
"Freshman class" means "not in Congress in January 2017", with exceptions:
* Special election, so sworn in other than Jan. 2019
** Served in Congress in a previous term
*** Lost recount or general election
Freshman class of January 2019 (Republicans):
AZ-8*:Lesko
CA-39***:Kim
FL-6:Waltz ; FL-15:Spano ; FL-17:Steube
GA-7:Woodall
ID-1**:Fulcher
IN-4:Baird
IN-6:Pence
KS-2:Watkins
MN-1:Hagedorn ; MN-8:Stauber
MS-3:Guest
MT-0*:Gianforte
NC-9***:Harris
ND-a:Armstrong
NM-2***:Herrell
OH-12*:Balderson ; OH-16:Gonzalez
OK-1:Hern
PA-9:Meuser ; PA-11**:Smucker ; PA-12*:Keller ; PA-13:Joyce ; PA-14:Reschenthaler
SC-4:Timmons
SD-0:Johnson
TN-2:Burchett ; TN-6:Rose ; TN-7:Green
TX-2:Crenshaw ; TX-3:Taylor ; TX-5:Gooden ; TX-6:Wright ; TX-21:Roy ; TX-27*:Cloud
VA-5:Riggleman ; VA-6:Cline
WI-1:Steil
WV-3:Miller
Freshman class of January 2019 (Democrats):
AZ-2**:Kirkpatrick ; AZ-9:Stanton
CA-49:Levin ; CA-10:Harder ; CA-21:Cox ; CA-25:Hill ; CA-39:Cisneros ; CA-45:Porter ; CA-48:Rouda
CO-2:Neguse ; CO-6:Crow
CT-5:Hayes
FL-26:Mucarsel-Powell ; FL-27:Shalala
GA-6:McBath
HI-1**:Case
IA-1:Finkenauer ; IA-3:Axne
IL-4:Garcia ; IL-6:Casten ; IL-14:Underwood
KS-3:Davids
KY-6***:McGrath
MA-3:Trahan ; MA-7:Pressley
MD-6:Trone
ME-2:Golden
MI-8:Slotkin ; MI-9:Levin ; MI-13:Tlaib ; MI-13*:Jones ; MI-11:Stevens
MN-2:Craig ; MN-3:Phillips ; MN-5:Omar
NC-9***:McCready
NH-1:Pappas
NJ-2:Van Drew ; NJ-3:Kim ; NJ-7:Malinowski ; NJ-11:Sherrill
NM-1:Haaland ; NM-2:Torres Small
NV-3:Lee ; NV-4**:Horsford
NY-14:Ocasio-Cortez ; NY-11:Rose ; NY-19:Delgado ; NY-22:Brindisi ; NY-25:Morelle
OK-5:Horn
PA-4:Dean ; PA-5:Scanlon ; PA-6:Houlahan ; PA-7:Wild ; PA-17*:Lamb
SC-1:Cunningham
TX-7:Fletcher ; TX-16:Escobar ; TX-29:Garcia ; TX-32:Allred
UT-4:McAdams
VA-2:Luria ; VA-7:Spanberger ; VA-10:Wexton
WA-8:Schrier
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Page last updated: May 24, 2020