Competitive Corporate Tax
Large multinational corporations already have advantages of scale and they shouldn't also be given tax breaks and subsidies. It's simply unfair that small businesses have an unduly high tax burden while multinationals can easily avoid paying taxes by shifting their income overseas. It's time for large corporations to start paying their fair share and it's time to give small business a break. That's why one of my top priorities is to reduce our corporate tax rate so that it’s more competitive internationally.
At the same time, we need to re-examine the legal loopholes placed in the tax code and eliminate those no longer valuable. We must also eliminate most pork-barrell subsidies that amount to nothing more than corporate-welfare. In-turn, this action would effectively increase the amount of corporate taxes paid by multinational corporations.
The so called job-creators have been enjoying some of the lowest tax rates in nearly a century. In fact, statistics indicate that the rich are getting richer and the middle-class are getting poorer. When President Reagan was faced with a smaller recession than the one we are facing now, he raised taxes on the top earners 11 times during the 8 years of his presidency. Majority of the Republicans, including my opponent Mimi Walters, have offered little to nothing to spur job growth beyond the same old canards. This must change. We must move forward on an effective and fair jobs bill such as the Budget for All bill.
My opponent, Walters, has done nothing for our district or our nation for that matter to help create more jobs; jobs that our communities, our state, and our country so badly need in this fragile stage of the Great Recession. Once again, she is not standing for WE the People, she is standing for special interest Wall Street and Billionaire Class campaign contributors. See which industries are Walters' largest contributors here!
Walters’ Voting/Support Record:
- NO on all jobs bills proposed
- NOT standing up for WE the People
Varasteh’s Congressional Pledge:
- Support effective and fair jobs bills such as Congressional Progressive Caucus' "Budget for All"
- WE the People must maintain our crucial infrastructure for commerce
- Reform subsidies and tax-breaks granted to large agricultural businesses
- Reform regulations that choke small and medium agricultural businesses from starting and growing
- Reform offshore tax havens laws
- Standing up for WE the People
- Not for sale