I am most appreciative to each person who saw fit to give me their vote. I did virtually no campaigning and spent no money on my run for the House of Representatives. To receive over 1% of the votes cast is beyond my realistic expectations. The vote total shows that there are many people in the 11th district who agree that the current Congress (and most likely the new Congress) are not working to reach compromises that benefit the country. Our elected Congressional Representatives are primarily focused on party politics and getting re-elected. I encourage everyone to remain engaged in the political process to try to bring about the changes we need.
Federal Taxes – Need for a New Perspective
The executive and legislative branches of the federal government take the view that they are first in line to tax the income of American citizens. The government’s analysis of what is subject to tax begins with all income and then identifies “Tax Expenditures.” The government defines a Tax Expenditure as “revenue losses attributable to provisions of the Federal tax laws which allow a special exclusion, exemption, or deduction from gross income…” The problem is that there are certain expenditures over which individuals have no control. I will call these expenditures “compulsory payments.” These are payments to federal, state, and local governments that should not be part of income subject to federal income tax. These compulsory payments include state and local income taxes, state and local property taxes, state and local sales taxes, and federal payroll taxes.
Income for federal tax purposes should only be a taxpayer’s discretionary income; thus, there should not be federal income tax on compulsory payments that must be paid to other governmental units. At the present time, some deduction is allowed for state and local taxes, but no deduction is allowed for payroll taxes. The consequence is that the amount paid out as payroll taxes is taxed at over 100%, while amounts paid as state and local taxes may or may not provide any tax relief.
I would propose tax reform that provides for the federal income tax calculation to begin with gross income after being reduced by any other taxes paid to federal, state, or local governments.
I would describe myself as a fiscal conservative and a social moderate. This used to describe moderate Republicans, but the Republican Party has become too rigid and conservative in its positions. This has lead to a stalemate in Congress.
It has also resulted in the current Republican member of the House of Representatives from NJ’s 11th district supporting the Party’s conservative positions on numerous issues. For example; the repeal of expanded healthcare, holding tax cuts for the middle class hostage to maintain low tax rates for the wealthy, and eliminating Medicare as it currently exists to replace it with a voucher system that is likely to be much more costly for participants.
I represent the opportunity to vote for Republican fiscal values without having to support conservative social positions.
I will support responsible cuts in spending to any program where there is waste or inefficiency. I support deficit reduction, but not by removing the social safety net from citizens in need, and not by giving huge tax breaks to wealthy individuals.
I am well qualified to focus on tax reform as I am a CPA and have been working with corporate and individual taxes for over 40 years. One area I would address immediately is revising the alternative minimum tax (AMT) to remove state and local taxes, home mortgage interest, and personal exemptions as preference items, and to add capital gains and dividends as preference items (capital gains were a preference item when the AMT was originally enacted).
I am an independent candidate for the NJ 11th district Congressional seat. I am running to allow voters an alternative to the current Congressional gridlock. The two party system has worked in the past, but it has currently become incapable of legislating for the benefit of the country due to the rigid ideological positions taken by each of the parties.