U.S. Sen. Ted Cruz (R-Texas) released a video highlighting his priorities for fundamental tax reform. Read more about Sen Cruz’s tax reform proposal here. The full video transcript is below and may be viewed here.
“Jobs are number one,” Sen. Cruz said. “My top priority is jobs because that’s the top priority of the Texans I represent. And the best lever for job growth, for more jobs and higher wages, is cutting taxes and simplifying taxes.
“You ought to be able to fill out your taxes on a postcard. The nine billion hours a year we spend in tax compliance – that’s wasted.
“It is important, I believe that Congress pass a tax cut, not just tax reform. We need to cut taxes on individuals, on families, on small businesses, that’s how we’re going to create jobs. And the only way to do that is to say this is not going to be revenue neutral, this is a tax cut, because our priority is jobs.
“We care about jobs here in America. Main street jobs. Manufacturing jobs. Union jobs. Blue collar jobs. We need a big tax cut on you, on families who are struggling, on small businesses. We need a Reaganesque tax cut that unleashes incredible growth. We’ve got to deliver on our promises, that’s what I’m working night and day on.”