Tax Reform, Subsidies, Expiration of Tax Cuts?. schweikert.house.gov (In Millions) Source: Congressional Research Service The tax cuts for all Americans.

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Presentation transcript:

Tax Reform, Subsidies, Expiration of Tax Cuts?

schweikert.house.gov (In Millions) Source: Congressional Research Service The tax cuts for all Americans account for about 28 minutes of the $4.7 billion in new daily debt accrued by the United States each day.

schweikert.house.gov Source: Congressional Research Service

Raise taxes on the wealthy? Source: David Ranson, head of research at H.C. Wainwright & Co. Economics Inc.

 By 2031 – all revenue will go to Entitlement Spending  By 2055 – all revenue will go to interest on the debt alone

Debt limit has been raised more than 70 times since the “limit” was put in place. How do we insure that 14 trillion dollars of debt is enough?

When businesses and entrepreneurs can invest, unemployment goes down: Source: Congressional Budget Office, Dr. Taylor (Stanford), Dep. of Commerce, Dep. of Labor

To Preserve the American Legacy

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