It is the objective of this committee to promote “principles of sound tax policy” for both the United States and the State of Idaho by supporting the recommendations of the Tax Foundation as follows:
1. Simplicity: The tax system should be as simple as possible, and taxes should be easy to understand and comply with.
2. Transparency: Taxes should be as visible as possible to taxpayers, and should make clear who and what is being taxed.
3. Stability: Tax law should not change continually, and changes in tax law should not be retroactive.
4. Neutrality: Taxes should aim to raise revenue with a minimum of economic distortion, and should not attempt to micromanage the economy.
5. Growth-promotion: Taxes should raise revenue for programs while consuming as small a portion of national (or state) income as possible, and should interfere with economic growth, trade and capital flows as little as possible.
In addition it is our objective to oppose using the tax code for “wealth redistribution” including all confiscatory tax increases and big-government welfare increases.
We support the elimination of the current “progressive” tax system in favor of a Flat Tax or a Fair Tax (a national sales tax with rebate), a Balanced Budget Amendment and the line-item veto.
It is the responsibility of the committee to research and study current taxation issues and proposed tax legislation, prepare summaries of their findings and present their conclusions and action or position recommendations to the Executive Committee of the Tea Party Patriots of North Idaho for approval.
