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Tax Reform, Subsidies, Expiration of Tax Cuts?. schweikert.house.gov (In Millions) Source: Congressional Research Service The tax cuts for all Americans.

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Presentation on theme: "Tax Reform, Subsidies, Expiration of Tax Cuts?. schweikert.house.gov (In Millions) Source: Congressional Research Service The tax cuts for all Americans."— Presentation transcript:

1 Tax Reform, Subsidies, Expiration of Tax Cuts?

2 schweikert.house.gov (In Millions) Source: Congressional Research Service The tax cuts for all Americans account for about 28 minutes of the $4.7 billion in new daily debt accrued by the United States each day.

3 schweikert.house.gov Source: Congressional Research Service

4 Raise taxes on the wealthy? Source: David Ranson, head of research at H.C. Wainwright & Co. Economics Inc.

5  By 2031 – all revenue will go to Entitlement Spending  By 2055 – all revenue will go to interest on the debt alone

6 Debt limit has been raised more than 70 times since the “limit” was put in place. How do we insure that 14 trillion dollars of debt is enough?

7 When businesses and entrepreneurs can invest, unemployment goes down: Source: Congressional Budget Office, Dr. Taylor (Stanford), Dep. of Commerce, Dep. of Labor

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11 To Preserve the American Legacy

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