Families
in Nevada and across the United States face the challenge
of paying their tax burden; providing food, clothing, and
shelter for their children; and working even harder to have
money left over so they can pay medical bills, enjoy a family
vacation, save for education costs, or put money away for
retirement. In 2007, the average taxpayer in Nevada did
not finish paying taxes until May 8. Every dollar earned
before May 8 went to paying some type of tax.
On
April 15, 1986, President Reagan talked about his formula
for opportunity. He stated: "Whatever you want to
call it, supply-side economics or incentive economics
. . . it's launching the American economy into a new era
of growth and opportunity . . . Our basic ingredients
for a 
tax
package haven't changed: tax rate reductions, thresholds
high enough so hard-working Americans aren't pushed relentlessly
into higher brackets, some long-overdue tax relief for
America's families, and investment incentives for American
business . . ."
And
the concept of growing the economy by promoting a good
atmosphere for business, so that more Americans work,
save, and invest should be a bipartisan policy as it once
was.
President
John F. Kennedy remarked in 1962: "It is increasingly
clear that no matter what party is in power, so long as
our national security needs keep rising, an economy hampered
by restrictive tax rates will never produce enough jobs
or enough profits."
We
know that when government takes money away from working
families, it stifles growth and builds obstacles to success.
Senator Ensign will continue to support efforts to allow
families to keep more of their hard-earned money. Congress
should work to provide relief to America's families, open
the doors to opportunity, and let future generations know
that the American dream is well within the reach of all
who truly desire it.
