Made in America: Empowering American Families, Building Economic Freedom:
- Cut and simplify personal income taxes by cutting the number of tax rates to just two — 10% and 28% returning to the Reagan era pro-growth top tax rate
- Simplify the tax code and reduce middle income taxes by eliminating the Alternative Minimum Tax (AMT)
- Simplify the tax code, encourage savings and investment and reduce taxes by eliminating the Death Tax
- Lower the Capital Gains and Dividend tax rates to 12% to spur economic growth and investment
- Reduce taxes for families by tripling the personal deduction for each child
- Reduce and simplify taxes for families by eliminating marriage tax penalties throughout the federal tax code
- Retain deductions for charitable giving, home mortgage interest, healthcare, retirement savings, and children
- Eliminate the cap on deductions for losses incurred in the sale of a principle residence
- Cut the corporate income tax rate in half to make our businesses competitive around the world, from 35% to 17.5%
- Eliminate the corporate income tax for manufacturers – from 35% to 0% – which will spur middle income job creation in the United States and will create a job multiplier effect for workers
- Spur innovation in America by increasing the Research & Development Tax Credit from 14% to 20% and make it permanent
- Eliminate the tax on repatriated taxable corporate income – from 35% from 0% – when manufacturers invest in plant and equipment; and reduce the corporate tax rate from 35% to 5.25% on other repatriated income and allow for 100% expensing for new business equipment
- Atlantic, Rick Santorum's Big-Family Economics: It's All About the Kids
- National Journal, Santorum's Tax Policy Good for Families, Bad for the Poor
- Tax Vox Blog, Rick Santorum’s Tax Plan
- Think Progress, Santorum’s Tax Plan Would Likely Add Trillions of Dollars to the Deficit
- Wall Street Journal editorial, Iowa's Opening Skirmish
- Washington Post, Santorum Wants Tax Code to Reward Traditional Marriage and Families
