John Kasich on Tax Reform
Republican Governor; previously Representative (OH-12); 2000 & 2016 candidate for President
Ultimately, reducing the withholding table means that less of an employee's money is taken out of their paycheck and set aside to cover their income tax liability. Technically that gives the employee more money to spend and increases their spending power, but is not likely to be a significant amount. The idea is to be even at the end of the year; not owe a bunch, not get a bunch back.
So why bother? Because the State can. Several years ago, the state legislature chose to only reduce the table by half the planned amount out of concerns over the cost to do so. It would cost around $150 million to make this adjustment.
CARSON: You also have to get rid of all the deductions and all the loopholes. You also have to do some strategic cutting in several places. Remember, we have 645 federal agencies and subagencies. Anybody who tells me that we need every penny in every one of those is in a fantasy world.
Gov. KASICH: We're going to have a 10% tithe, and just fix everything with waste, fraud, and abuse? Folks, we've got to wake up! These plans would put us trillions of dollars in debt. I actually have a plan. Why don't we just give a chicken in every pot while we're coming up with these fantasy tax gains? You have to deal with entitlements. You have to control discretionary spending. I went into Ohio where we had an $8 billion hole, and now we have a $2 billion surplus. We are up 347,000 jobs. In Washington, I fought to get the budget balanced. I was the architect. We cut taxes, and we have a $5 trillion projected surplus when I left.
In so many ways, then, Kasich is the stuff of conservative dreams. But the governor is also prone to jabbing his finger in the eye of his base with moves like raising infrastructure spending, increasing tax breaks for low-income residents, championing a fracking tax on oil and gas producers, pushing to hike cigarette taxes, making education funding more redistributive, or commuting death sentences. And of course there's the granddaddy of betrayals: Medicaid expansion, which Kasich rammed through over opposition from Ohio's Republican-controlled Legislature.
[My budget represents] the ideas that are producing the economic growth which is making so many of the other good things possible. These accomplishments are sending a message to job creators around the state, around the country, and around the globe that Ohio is open for business. When I tell them that we were $8 billion in the hole and now we're $2 billion in the black, that we've got $3 billion worth of tax cuts, that we've got a private sector entity that can respond to them quickly--it's hard for them to believe. But we've been able to keep growth in check so that there's money to give back to Ohioans in the form of a $500 million tax cut because we have restrained ourselves.
To succeed we must lower taxes--Create a tax climate that allows Ohio to compete with other states to attract new businesses, foster job creation, and keep our precious, existing jobs here
The Christian Coalition voter guide [is] one of the most powerful tools Christians have ever had to impact our society during elections. This simple tool has helped educate tens of millions of citizens across this nation as to where candidates for public office stand on key faith and family issues.
[The ATR, Americans for Tax Reform, run by conservative lobbyist Grover Norquist, ask legislators to sign the Taxpayer Protection Pledge in each election cycle. Their self-description:]
In the Taxpayer Protection Pledge, candidates and incumbents solemnly bind themselves to oppose any and all tax increases. Since its rollout in 1986, the pledge has become de rigeur for Republicans seeking office, and is a necessity for Democrats running in Republican districts. Today the Taxpayer Protection Pledge is offered to every candidate for state office and to all incumbents. More than 1,100 state officeholders, from state representative to governor, have signed the Pledge.
The Taxpayer Protection Pledge: "I pledge to the taxpayers of my district and to the American people that I will: ONE, oppose any and all efforts to increase the marginal income tax rate for individuals and business; and TWO, oppose any net reduction or elimination of deductions and credits, unless matched dollar for dollar by further reducing tax rates."
Opponents' Opinion (from wikipedia.com):In Nov. 2011, Sen. Harry Reid (D-NV) claimed that Congressional Republicans "are being led like puppets by Grover Norquist. They're giving speeches that we should compromise on our deficit, but never do they compromise on Grover Norquist. He is their leader." Since Norquist's pledge binds signatories to opposing deficit reduction agreements that include any element of increased tax revenue, some Republican deficit hawks now retired from office have stated that Norquist has become an obstacle to deficit reduction. Former Republican Senator Alan Simpson, co-chairman of the National Commission on Fiscal Responsibility and Reform, has been particularly critical, describing Norquist's position as "no taxes, under any situation, even if your country goes to hell."
[As part of the Contract with America, within 100 days we pledge to bring to the House Floor the following bill]:
The American Dream Restoration Act:
A $500-per-child tax credit, begin repeal of the marriage tax penalty, and creation of American Dream Savings Accounts to provide middle-class tax relief.
|Other candidates on Tax Reform:||John Kasich on other issues:|
2020 Presidential Democratic Primary Candidates:
Sen.Michael Bennet (D-CO)
V.P.Joe Biden (D-DE)
Gov.Steve Bullock (D-MT)
Mayor Pete Buttigieg (D-IN)
Sen.Cory Booker (D-NJ)
Secy.Julian Castro (D-TX)
Mayor Bill de Blasio (D-NYC)
Rep.John Delaney (D-MD)
Rep.Tulsi Gabbard (D-HI)
Sen.Kirsten Gillibrand (D-NY)
Sen.Mike Gravel (D-AK)
Sen.Kamala Harris (D-CA)
Gov.John Hickenlooper (D-CO)
Gov.Larry Hogan (D-MD)
Gov.Jay Inslee (D-WA)
Sen.Amy Klobuchar (D-MN)
Mayor Wayne Messam (D-FL)
Rep.Seth Moulton (D-MA)
Rep.Beto O`Rourke (D-TX)
Rep.Tim Ryan (D-CA)
Sen.Bernie Sanders (I-VT)
Rep.Eric Swalwell (D-CA)
Sen.Elizabeth Warren (D-MA)
Marianne Williamson (D-CA)
CEO Andrew Yang (D-NY)
2020 GOP and Independent Candidates:
Rep.Justin Amash (Libertarian-MI)
Howie Hawkins (Green-NY)
V.P.Mike Pence (R-IN)
CEO Howard Schultz (I-WA)
Pres.Donald Trump (R-NY)
Gov.Jesse Ventura (I-MN)
V.C.Arvin Vohra (Libertarian-MD)
Gov.Bill Weld (R-MA&L-NY)
2020 Withdrawn Candidates:
State Rep.Stacey Abrams (D-GA)
Mayor Mike Bloomberg (I-NYC)
About John Kasich: