Tom Tancredo on Economy

Tancredo supports getting rid of the current tax structure and replacing it with either a flat tax or sales tax. He believes that tax cuts are the path to a stronger economy. He does also support less drastic changes including eliminating the tax on dividends, the estate tax and increasing the child tax credit. Tancradeo promises to eliminate waste, fraud and abuse and wants to balance the budget.

Trade:

Tancredo supported increased trade with Australia but voted against implementing the Central America Free Trade agreement (CAFTA) in 2005 and opposed trade agreements with Chile and Singapore. While Tancredo praises the benefits of free trade agreements, he notes they can also be problems, noting the CAFTA agreement is bad for its clause permitting increased immigration.

Directly from the candidate:

The income tax system, as currently constituted, is a source of frustration for nearly everyone in America -- with the possible exception of the accountants we pay to help us file each year. I think most Americans, regardless of their political party affiliation or personal wealth can agree on one thing: The income tax system is in desperate need of reform. The system is inherently unfair, complex, and burdensome. It discourages investment, savings, and the accumulation of capital by taxing the three excessively. The income tax code has become so unruly and confiscatory that the average American family worked until almost May last year just to pay the tax bill required by the federal, state and local governments.