Blog Entries tagged 'Tax Reform'

Stop These Tax Hikes

orrinhatchforsenate+hatch@gmail.com — Thu, 22 Jul 2010 00:00:00 +0100

The following originally appeared as an op-ed in USA Today. -Staff

On Jan. 1, Democrats will raise taxes -- the question is whose and for how long. By not extending critical tax relief enacted in 2001 and 2003, our nation would face the largest tax increase in history.

According to the Congressional Budget Office, our Gross Domestic Product (GDP) would take a 1.4% hit -- potentially enough to trigger another recession, the last thing out-of-work Americans need.

We need [...]

Extended R&D Tax Credit Means New Jobs

orrinhatchforsenate+hatch@gmail.com — Mon, 14 Jun 2010 00:00:00 +0100

The following originally appeared as an op-ed with Steve Ballmer in the Salt Lake Tribune. -Staff

The impact of the Greek economic crisis on U.S. markets shows that the global economy continues to face challenges. Despite some recent positive economic signs, too many Americans who are willing and able to work still can't find jobs. Without new jobs, any recovery will be fragile at best.

While there is no easy path forward, two things are certain. First, American innovation will [...]

Directing The Fate Of Our Tax System

orrinhatchforsenate+hatch@gmail.com — Fri, 07 May 2010 00:00:00 +0100

The following originally appeared as an op-ed in Politico. -Staff

Another tax day has come and gone. But the threat of a tax system even worse than the awful one we have is still hanging over our heads.

Unless Congress acts by the end of this year, tax increases of unprecedented size for all Americans are due to kick in Jan. 1, sending jolts throughout our still teetering economy.

These job-killing tax increases include ending the 10 percent tax bracket, which benefits [...]

Future Tax Days Will Only Get Worse

orrinhatchforsenate+hatch@gmail.com — Thu, 15 Apr 2010 00:00:00 +0100

The following originally appeared as an op-ed in the Provo Daily Herald. -Staff

On this Tax Day, we know the Tax Man Cometh and over the next few years, boy will he be coming with a vengeance. Because the only way liberals can support European levels of spending is with European levels of taxes. Instead of talking about serious spending cuts to confront our sky-high budget deficits, they are talking about more and more taxes.

If I were handing out a fiscal report card, I'd giv [...]

A Payroll Tax Break For Jobs

orrinhatchforsenate+hatch@gmail.com — Tue, 26 Jan 2010 00:00:00 +0100

The following originally appeared as an op-ed with Charles Schumer in The New York Times. -Staff

With national unemployment rate at 10 percent, and more than 15 million Americans looking for work, ideas to spur job creation are at the forefront of everyone's minds. While we may represent different political philosophies, we recognize that high unemployment -- particularly long-term unemployment -- is not a liberal problem or a conservative problem; it's a national problem that takes [...]

Energy Forum Tomorrow

orrinhatchforsenate+staff@gmail.com — Wed, 02 Sep 2009 00:00:00 +0100

Tomorrow Senator Hatch is hosting a forum in Salt Lake City with Governor Herbert on the issue of our national energy policy. In particular, they're going to examine the impact of the cap-and-tax -- also known as "cap-and-trade" -- energy policy that Democrats in Washington are pursuing.

Earlier this summer, the U.S. House of Representatives passed this bill, and it is now being considered in the U.S. Senate. This forum tomorrow will specifically look at how this energy tax policy w [...]

Keep US Competitive

orrinhatchforsenate+hatch@gmail.com — Mon, 18 May 2009 00:00:00 +0100

The following originally appeared as an op-ed in The Washington Times. -Staff

Major policy changes in the United States require the support of the business community.

This is exactly as it should be. After all, entrepreneurs, partnerships, family businesses, public corporations and multinational enterprises are the foundation on which our nation has built the greatest economy in the world -- an economy that has brought unprecedented prosperity to Americans.

< [...]

Hatch Questions Experts On Cap-And-Tax

orrinhatchforsenate+staff@gmail.com — Tue, 12 May 2009 00:00:00 +0100

During a Senate Finance Committee hearing yesterday, Senator Hatch grilled economists on the impact of the Democrats' cap-and-tax scheme.

Here are a few of the questions and answers with Anne Smith, Practice Leader of Climate and Sustainability of CRA International:

Q. Do you believe that implementing a cap-and-trade program or a carbon tax would result in net job losses?

A. Yes

Q. Some climatologists believe that implementing a cap-and-trade or a pro [...]

Fixing The Tax Code: Indexing The Capital Loss Deduction

orrinhatchforsenate+staff@gmail.com — Fri, 08 May 2009 00:00:00 +0100

Many tax code problems exist solely because tax brackets, limits and deductions haven't kept pace with inflation. One of those areas is the limit for the deduction of capital losses.

Senator Hatch and Senator Blanche Lincoln introduced a bill Tuesday to fix this problem with the tax code, The Desert News reports:

Amid the recession's body-slam on stock-market prices, Sen. Orrin Hatch has introduced a bill to increase significantly the amount of capital losses that [...]

Tax Day Open Letter

orrinhatchforsenate+hatch@gmail.com — Wed, 15 Apr 2009 00:00:00 +0100

Every April 15th reminds us of the necessity of raising revenue to operate our government. Most will agree that taxes are the price we pay for a civilized society. It is not that we have to pay taxes that brings you all here today, but rather the fact that we have to pay so much. Simply put, the Federal government should spend less so that we are not taxed so much. However, under the proposed budget of President Obama and the Democratic Majority in Congress, we are moving in the wrong directi [...]

Video: Senator Hatch On Imus

orrinhatchforsenate+staff@gmail.com — Thu, 09 Apr 2009 00:00:00 +0100

Senator Hatch was on Don Imus' radio show yesterday, where he discussed President Obama's budget, cap-and-tax plan and the Employee "No" Choice Act.

[video:http://www.youtube.com/watch?v=BIcfyhgx0R8 425x344]

"The Democrat budget promises to not raise taxes on 95% of Americans, but, then, it indirectly raises the cost of living by taxing gas, businesses and jobs."

My Priorities

orrinhatchforsenate+hatch@gmail.com — Wed, 25 Feb 2009 00:00:00 +0100

My priorities as Senator are to:

Give taxpayers back more of what they earn

Work for a country in which children can be safe, healthy, and well-educated

Defend Constitutional rights

Cut down the size of a bloated government bureaucracy

Empower the military with the tools to fight terror and tyranny

Embody the time-honored principles of integrity, honesty and candor