Jobs & The Economy
At 39.2%, our combined corporate tax rate is the second highest among all democratic industrialized nations in the world. Companies require employees and investors in order to operate. When their profits are being taxed at some of the highest rates in the world, it encourages those investors to invest elsewhere, which results in our jobs moving overseas.
I support lowering the corporate tax rate. We also have to lower the maximum personal income tax rate, otherwise people will shelter their income in corporations.
Big companies can afford lawyers and lobbyists to find loopholes and favors, but many of our small and medium businesses cannot, and not only are they responsible for most of our job growth, they are the ones most hurt by our high tax rate. Unless we cut the corporate tax rate, we discourage investors from investing in our small and medium businesses, resulting in higher than necessary unemployment.
Improve Education by Empowering School Districts & Parents
While the federal government at times may seek to establish minimum quality standards for K-12 education, parents seek the maximum quality of education for their children. Parents–not the federal government–are the best hope for their child’s education because parents–not the federal government–are the most invested.
Instead of sending our local tax dollars to Washington D.C. and Austin so that a portion can be returned with strings attached, we should lessen the role of far-removed bureaucrats and return control to our local school districts. We should also empower parents to play a more active role in deciding their children’s education.
A quality education should not be something affordable only to the wealthy, and we should allow our tax dollars to follow the child so that parents who want to send their children to a better performing school have that opportunity, whether that school is public or private. In a world were public school districts like Dallas ISD spend over $8,000 per child, that same amount would create enormous opportunity for children who are most in need. At the minimum, parents who want to send their children to private school should not be forced to pay into a public school system that they choose not to use, at the expense of being able to afford a private education for their child. Public schools exist to provide an education to those who cannot get one elsewhere, but paying into the public school system should not limit parents from being able to afford a better alternative for their children.
With the future of a generation at stake, we cannot afford to be complacent. We need to restructure our compensation packages so that our top teachers are better rewarded and our under-performing teachers are removed from the classroom so that others can have the opportunity to teach. Why are some children forced to receive an education from underperforming teachers when there are others in line, eager to work hard?