Rand Paul on Taxes

Summary

Dr. Paul opposes the death tax and believes it should be repealed. He is a strong supporter of a balanced budget and believes that the large influxes of capital into the economy will lead to high inflation in the near future. He has pledged not to raise taxes, and to pursue no earmarks.

 

Opposition to the death tax

In an July 2010 press release, Dr. Paul asserts that he is opposed to the death tax and believes it should be appealed.

 

Tax burden is too high

In a 2010 interview with Real Clear Politics, Rand Paul discussed the size of the government and a balanced budget amendment. He pledged not to raise taxes.

PAUL: Yes, I think government is too big and our tax burden is too high and I won't vote to raise taxes. I think you've got to cut spending. You know, I think both parties have done a poor job at this. When the Republicans were in charge, we doubled the debt. But now, the Democrats are in charge and they have tripled the debt.

The bottom line is: it's out-of-control and it threatens our country. I mean, look at what's going on in Greece right now. I'm concerned that we could have a debt crisis in this country, and we've got to look at the entire budget. And when I'm elected, I will actually introduce a balanced budget the first year I'm there.

 

Courier-journal

In June 2010, the Courier-journal asked the candidates for the 2010 Senate race a series of questions. When asked about earmarks and taxes, Rand Paul pledged to pursue no earmarks and stated that Americans were taxed enough already.

What guidelines or restrictions would you place on your earmark requests if you were elected?

Rand Paul: I am the only candidate in this race who has taken a firm pledge to reject all earmarks. I will fight to end the broken system of pork-barrel spending that is bankrupting our country and impose real spending spending reform.

 

Would you prefer to raise taxes or cut services to help Congress reduce record budget deficits? What areas would you cut or tax?

Rand Paul: I believe that Americans are taxed enough already and opposes tax increases as a matter of principle. He has gladly signed a "no new taxes" pledge and will filibuster any legislation that attempts to raise taxes on the American People.

And, I know that we must look at all areas of the budget to look for areas to cut. I will also look to platform of Ronald Reagan for low hanging fruit and look to abolish unconstitutional functions like the Department of Education.

 

Inflation

In a November 2009 discussion, Rand Paul explains how inflation is a hidden tax.

 

Campaign Website Statements

 

 

Voting Record

Continue Bush Tax Cuts for all Except top Earners

On July 25, 2012 the Senate voted on legislation to extend all of the Bush tax cuts with the exception of those earning more than $200,000 or couples earning more than $250,000. The measure passed 51-48 along mostly party lines. It was largely symbolic as tax bills are not legal unless they originate in the House. Rand Paul voted against extending the Bush Tax Cuts for all except the highest earners.

Continue All Bush Tax Cuts

On July 25, 2012 the Senate voted on an amendment to legislation to extend all of the Bush tax cuts. The measure failed 45-54 along mostly party lines. It was largely symbolic as tax bills are not legal unless they originate in the House. Rand Paul voted in favor of extending all Bush Tax cuts.

 

Sponsored and Cosponsored Legislation

This representative has not been identified as sponsoring or cosponsoring significant legislation related to this title.

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