The strategic formula for action should be a combination of unity, commitment and the right ideas, he said. Thomas added that Wyoming families, children, small businessmen and Main Street will be the direct recipients of tax relief. He noted that now was a critical time to act on reducing taxes in order to spur economies in the West and create more jobs and opportunity. Budgets and taxes are much more than just fancy arithmetic. They represent a direction and a philosophy toward government.
Higher taxes promise more money for more federal programs and inefficient government.
Less taxes means the bureaucracy must work harder, programs must be measured for success and government will return to the essential functions it was originally intended to perform. And there is no better place to start than by reforming inheritance taxes. Our current tax code puts families at a disadvantage to pass on their hard work and planning to future generations. Next, reduce the tax rate on capital gains by half and unleash the investment power of new and expanding businesses. In addition, by reducing the tax rate on capital investments, we help encourage and reward long-term investment, savings, and planning for the future.