50. Lower Taxes: Lowering taxes at least ten percent across the board, notwithstanding preserving taxes necessary for essential public services, can help ensure real economic recovery that will endure.
124. Close tax ambiguities for those earning over $1,000,000: Enact legislation as needed to ensure the middle class is not taxed higher than those earning over $1,000,000 in a year. This provision alone could keep the California economy in the black while ensuring social security, pensions, affordable student loans and sorely needed raises in pay for police, teachers, judges and other indispensable public servants.
137. The Transaction Tax Act: I am inclined to support a heretofore unheard of, equal transaction tax that could replace cumbersome, unjust and ambiguous IRS tax law.
While the so-called Flat Tax has been labeled regressive because an equal amount of tax percentage levied upon wage earners and executives impacts the net income of wage earners more than executives, further problems associated with a flat tax arise when the government sees fit to increase taxes to adjust for imbalances. However, one equal transaction tax upon most all conveyance of money would simplify the law and affect everyone, both people and entities equally. Such a tax would be fair so long as it comes with a reasonable cap substantially lower than what taxpayers are currently required to pay, and that the tax shall be automatically lowered in relation to the reduction of the deficit and paying off of the national debt.
This "point of transfer" automatic tax, as I propose, is presently possible as most all currency and dollar transfers are becoming increasingly electronic, and will be entirely electronic in the very near future.
The justification for taxing a modest amount upon all transfers by all persons and entities that transfer money, is simply that citizen's and corporate entities must pay for the privilege of living in the United States and utilizing its array of federal and state services and infrastructure.
Other persons and entities who choose to live or do business "off the grid" and who do not transfer as much money, or who contribute back to the "grid" such as in units of collected solar power, shall not be discriminated against and shall be eligible for credits.
If there are any questions or if you believe you have further ideas on solving our predatory IRS tax conundrum I would be happy to hear your suggestions.
214. Inheritance Tax on amounts over $100 million: Depending on the language of a final bill, and briefing, I am inclined to advocate an inheritance tax on amounts over $100 million, as opposed to the complete abolition of that tax.
The reasoning is that the United States has no good use for creating near permanent dynasties to further influence the electoral process. However,k the inheritance tax issue is complex and prior to taking a more precise position I will take time for research, which is something that the schedules of my opponents and most other legislators do not allow.