Reform the tax code by reducing marginal tax rates by 20 percent across-the-board in a revenue-neutral manner;

Eliminate the taxes on interest, dividends, and capital gains altogether for lower and middle-income taxpayers;

End the Death Tax; and Repeal the Alternative Minimum Tax.

Interest, dividends and capital gains; really how many of us working for a living  actually worry that are very small incomes from these amounts are being taxed at a lower rate or not at all? Do you worry? By the time we retire and are living on our Social Security and small retirement funds we don’t have large enough incomes to pay federal taxes, we are part of the 47% that no longer pay taxes because our incomes aren’t large enough. Again, this is a bit of dishonesty on the part of the GOP. Sounds good but really isn’t honest, or perhaps it is simply stubbornly stupid.Across the board reductions without reform makes no sense, especially in combination with repeal of the AMT.

Both the GOP and the DNC are correct, the tax code does need reform. That reform needs to look at how taxes are calculated, what deductions are fair and sensible and ultimately how taxes are paid. Today, all citizens pay taxes, income, payroll, state and local. These come off the top of our earnings before we can save for our future. Our tax code is ancient, unwieldy and frankly nothing more than a partisan bat to beat the other side with. The language of the DNC in their platform makes me as uncomfortable as the road to failure the GOP plan represents.

We also support the recommendation of the National Commission on Fiscal Responsibility and Reform, as well as the current President’s Export Council, to switch to a territorial system of corporate taxation, so that profits earned and taxed abroad may be repatriated for job-creating investment here at home without additional penalty.

You can’t have it all, but the GOP is right those we do business with our partners and competitors are mostly using a Territorial Tax system. It only makes sense we look closely at this system and weigh whether it makes sense for the US to move forward with a more balanced approach for the future.Big sticks aside, we must align ourselves with a global economy and encourage business to bring work and do business here, on our shore.However, you can’t have it all. You can’t have taxpayer subsidies, corporate welfare, loopholes big enough to float the Queen Mary through and lowered tax rates that mean the wealthiest corporations in the world pay big fat Zero’s in Taxes or worse, get refunds each year while at the same time entirely reforming the Tax Code.