Pete’s Principles on Taxes – Keep your hard-earned money
AWARDS/RECOGNITIONS
Taxpayer Superhero
by Citizens Against Government Waste
Guardian of Small Business
by National Federation of Independent Businesses
Hero of the Taxpayer
by Americans for Tax Reform
Spirit of Enterprise
by U.S. Chamber of Commerce
As governor, I will work with the people and legislature to overhaul the tax code to provide Michigan families and businesses a net tax cut. Raising taxes is not the answer for job growth.
Michigan families deserve to keep more of their hard-earned money.
Tax codes need to be simple, stable and broad so that rates can be low across the board.
We need to transform the tax code so that it is competitive and becomes a vehicle that promotes growth and investment in the state.
We need to address the tax system comprehensively by eliminating the Michigan Business Tax and the levies businesses pay on equipment, adjusting the sales tax, and decreasing property and income taxes to ease the tax burden on the people of Michigan. Then, we will have a competitive tax code that will entice out-of-state and in-state investment.
Voting Record and Initiatives
Co-sponsored both the Freedom Flat Tax Act and National Fair Tax to advocate for a new and simpler tax code.
Consistently voted for and supported the repeal of the Estate Tax.
Helped reduce and eliminate some of the most burdensome taxes imposed on the American people:
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Economic Growth and Tax Relief Reconciliation Act of 2001 and the Jobs and Growth Tax Relief Reconciliation Act of 2003 reduced marginal income tax rates, created the 10 percent income tax bracket, provided marriage tax penalty relief, increase the child tax credit, phased-out the estate tax and increased the Alternative Minimum Tax exemption (Roll No. 149, 5/26/01; Roll No. 225, 5/23/03)
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Working Families Tax Relief Act of 2004 extended the $1,000 child tax credit, marriage relief and 10 percent tax bracket. (Roll No. 472, 9/23/04)
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American Jobs Creation Act provided tax deductions on all American manufacturing activity; and extended new investment and improvement incentives to manufacturers and restaurants (Roll No. 509, 10/7/04).
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Tax Increase Prevention and Reconciliation Act of 2005 extended the capital gains and dividends reduction (Roll No. 135, 5/10/06).
