Gary Johnson on Taxes
Governor Johnson has stated that the U.S. tax system imposes an enormous toll on productivity through high marginal rates, absurd complexity, loopholes for the well connected, and incentives for wasteful decisions.
Governor Johnson also supports the Fair Tax as a mechanism to solve a number of issues. One of these issues is immigration whereas illegal aliens cannot avoid paying a consumption tax. Another area is corporate loopholes where corporations cannot find loopholes for a law that does not have any. However, Governor Johnson has also stated that he is not hanging his hat on the fair tax in that the tax system can be altered without moving to a consumption tax.
2012 Presidential Tax Plan
His plan for the 2012 includes
- Eliminate punitive taxation of savings and investment
- Simplify the tax code; stop using it to reward special interests and control behavior
- Adopt a flat tax on income or consumption
- End the corporate tax rate
South Carolina Debate
In May of 2011, Governor Johnson participated in the Republican primary debate in South Carolina. He discusses his tax plan and specifically the ending of the corporate tax.
Our America Initiative
Governor Johnson started the Our America Initiative in early 2011. On that website he talks about the need to lower taxes and reform the system.
Taxes should not be raised. Just throwing more money at difficult problems does not solve anything. While he was Governor of New Mexico, Gary Johnson vetoed 750 bills to fulfill his promise to never raise taxes. He vetoed many of the bills because he believed they were fiscally irresponsible. Johnson was able to lower the cost of government in New Mexico without raising one tax. When discussing balancing the budget and lowering taxes …. actions do speak louder than words.
Governor Johnson has made a number of statements on his twitter cite noting his support for the Fair Tax.
Yes!!!!!!!!!!!! Fair tax -12 Sep
Everyone keeps what they make and we pay tax on what we consume--fair tax - 12 Sep
Fox News / Google Debate
On September 22, 2011 Governor Johnson participated in the Fox News / Google debate. He advocated several times for a fair tax consumption system.
2012 Presidential Campaign Website Statements