Issues

TAXES

 

Cutting Taxes For The Middle Class
 
Nathan Bech comes from a middle class family and understands the struggles that middle class families face. Nathan will permanently repeal the Alternative Minimum Tax (AMT) – paid nearly exclusively by 25 million middle class families. Repealing this outdated tax will save middle class families nearly $60 billion in a single year. The average middle class family with children, who now would otherwise pay the AMT, will save an average of over $2,700 – a meaningful tax cut for working families.
Nathan knows that raising a family is an important task for the future of America. He supports giving parents the money to invest in their children. Therefore he proposes to double the personal exemption for each dependent from $3,500 to $7,000.
 
Pro-Growth Tax Policy
 
Nathan Bech opposes proposals for crippling tax increases on job creators and entrepreneurs who are the heart of American innovation, growth and prosperity. Nathan Bech will not vote to increase the current income and investment tax rates.   Nathan supports changes to the tax code which would allow the expensing of equipment and technology to provide an immediate boost to capital expenditures and reward investments in cutting-edge technologies.
 
Saving Family Business from Corporate Buy Outs
 
 Nathan Bech supports the permanent and immediate repeal of the “Death Tax.” Family farms, locally owned newspapers and small business are in danger. Forcing the next generation to sell their business to a corporation in order to meet the demands of taxation does nothing to end the concentration of wealth in America. It unfairly penalizes those committed to local and responsible stewardship of important community institutions.
 
Tax Cuts On American Employers
 
Nathan Bech will reduce the Federal corporate tax rate from 35% to the international average of 26% to keep America competitive. Nathan believes fair trade means the taxes we impose on American companies should be no higher than the average rate our major trading partners impose on theirs. We currently have the second-highest combined corporate-tax rate in the industrialized world, and it is driving many businesses and the jobs they create overseas.
 
Stop taxes on Research & Development
 
Nathan Bech will create a permanent tax credit equal to 10% of wages spent on US based Research and Development. This reform will make us more competitive with other countries and incentivize innovation.
 
A Real Choice For Simpler Taxes
 
Nathan Bech will support innovative alternatives to simplify our tax code, discourage fraud and evasion by individuals and corporations alike.  Americans do not resent paying their rightful share of taxes – what they do resent is being subjected to thousands of pages of needless and often irrational rules and demands from the IRS. Nathan is open to all solutions which might take burdens off American tax payers.