• Opposes a value-added tax (VAT) as a means of reducing the deficit.
• Throughout his career, Tom has supported policies to lower the tax burden for all Americans.
• Supports a tax policy that removes barriers to investment, such as lower rates for capital gains and dividend income, and that promotes economic growth and creation of jobs.
• Supports extension of 2001 and 2003 tax cuts, including lower tax rates for lower income earners, repeal of marriage penalty, estate tax, and higher child tax credit.
• Long-time supporter of efforts to strengthen the earned income tax credit to provide relief to lower-income working American families. |