Tax Reform

Terri McCormick on Taxes and Spending

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As a small businesswoman, Terri McCormick is certain that tax reform is long overdue.  The problem begins and ends with the out of control spending in Washington, DC by Representatives who are out of touch with the American people.

The U.S. tax code is in desperate need of reform; it’s too complex for families and small business owners, and the system has been allowed to linger on and on for decades without substantive changes.  The nation is now over 12 trillion dollars in debt, meaning every Wisconsinite (and American) will eventually owe $42,000 to the government to pay back the debt.  The total sum of all of our unfunded obligations — Social Security, Medicare, Medicaid — is an astonishing $55,000,000,000,000 (55 trillion dollars), or $180,000 for every American.

As a state legislator, Terri McCormick voted to freeze property taxes for homeowners, authored property tax relief for combat disabled veterans, and worked to cut the Wisconsin gas tax.

In Congress, Terri will fight for:

• Streamlining the Internal Revenue Service;
• Repealing the federal tax code to replacing it with a fairer, simpler system such as a flat tax;
• Eliminating pork-barrel spending, earmarks, or pet projects included in legislation; and
• Transparency in the federal government’s budgetary processes, including online accounting so Wisconsin taxpayers can see where their money is being spent.

See Terri McCormick’s track record on other issues.