David Perdue on Tax Reform
"Both," Perdue replied emphatically.
"And that's a euphemism for some kind of tax increase?" the interviewer noted.
Perdue laughed and explained, "Well here's the reality: If you go into a business--I was never able to turn around a company just by cutting spending. You had to figure out a way to get revenue growing. There are five people in the US Senate who understand what I just said. You know revenue is not something they think about."
Perdue's spokesman claimed Perdue was only broadly talking about growing the economy. "David was stating a simple economic principle: If the economy is growing and more people were working, it generates more revenue."
Congressional Summary: This bill imposes a national sales tax in lieu of the current income and corporate income tax, employment taxes, and estate and gift taxes. The rate of the sales tax will be 23% in 2017, with adjustments in subsequent years. U.S. residents receive a monthly sales tax rebate (Family Consumption Allowance) based upon family size and poverty guidelines. No funding is allowed for the operations of the Internal Revenue Service after FY2019. Finally, the FairTax terminates if the 16th Amendment to the Constitution (authorizing an income tax) is not repealed within 7 years.
Supporters reasons for voting YEA: Rep. MORAN: I am all on board on tax reform, but the best solution is not tinkering with the current system; it is an overhaul of the current Tax Code. The FairTax, in my view, brings two goals front and center: to pass on to the next generation of Americans the freedoms and liberties guaranteed by our Constitution, and the opportunity for every American to live the American dream.
Opponents reasons for voting NAY: (by FairTaxWarrior.com):
|Other candidates on Tax Reform:||David Perdue on other issues:|
Retiring in 2014 election:
Retired as of Jan. 2013:
Senate races 2017-8:
AL: Strange(R) ; no opponent yet
AZ: Flake(R) vs. Ward(R)
CA: Feinstein(D) vs. Eisen(D) vs. Sanchez?(D) vs. Garcetti?(D)
CT: Murphy(D) ; no opponent yet
DE: Carper(D) vs. Biden?(D) vs. Markell?(D)
FL: Nelson(D) vs. DeSantis(R) vs. Jolly(R) vs. Lopez-Cantera(R)
HI: Hirono(D) ; no opponent yet
IN: Donnelly(D) vs. Hurt(R)
MA: Warren(D) vs. Ayyadurai(R)
MD: Cardin(D) ; no opponent yet
ME: King(I) vs. LePage?(R)
MI: Stabenow(D) vs. Bouchard?(R)
MN: Klobuchar(D) vs. Paulsen?(R)
MO: McCaskill(D) vs. Kinder?(R)
MS: Wicker(R) vs. McDaniel?(R)
MT: Tester(D) vs. Racicot?(R)
ND: Heitkamp(D) vs. Becker?(R)
NE: Fischer(R) ; no opponent yet
NJ: Menendez(D) vs. Chiesa(R) vs. Codey?(D) vs. Chiesa?(R)
NM: Heinrich(D) vs. Sanchez(R)
NV: Heller(R) vs. Sandoval?(R)
NY: Gillibrand(D) vs. Kennedy?(D)
OH: Brown(D) vs. Mandel(R)
PA: Casey(D) vs. Saccone(R)
RI: Whitehouse(D) ; no opponent yet
TN: Corker(R) vs. Crim(I)
TX: Cruz(R) vs. Bush?(R)
UT: Hatch(R) vs. McMullin?(R) vs. Romney?(R)
VT: Sanders(I) vs. Giordano(D)
VA: Kaine(D) vs. Cuccinelli?(R) vs. Fiorina?(R)
WA: Cantwell(D) ; no opponent yet
WV: Manchin(D) vs. Raese(R) vs. Goodwin?(R)
WI: Baldwin(D) vs. Grothman?(R) vs. Gallagher?(R)
WY: Barrasso(R) ; no opponent yet
Senate Votes (analysis)