Hirsh Singh on Tax Reform
Higher tax burdens are counterproductive
What is the Democrat's default response to New Jersey's financial crisis? Raise property taxes! Raise fuel taxes! Raise income taxes! Raise sales taxes! When will enough be enough?
New Jersey's gas tax has lost much of its revenue productivity.
The evidence is incontrovertible; not only are such tax burdens counterproductive, but even with the extra revenue Democrats will still find a way to waste it faster than they can take it from you. Your money is best spent by you, not the government.
Source: 2020 New Jersey Senate campaign website HirshSingh.com
, Jun 11, 2020
Lower corporate tax to 15%, reduce capital gains tax to 10%
Source: 2020 New Jersey Senate website HirshSingh.com
, Feb 5, 2020
- We need a simpler, more equitable tax system to ensure the economy grows at 4% or higher.
- We need a second round of tax cuts. I will fight to:
- Lower the corporate tax to a flat 15%
- Cut the number of tax brackets from seven to three
End corporate loopholes that allow some companies to pay no federal taxes
- Repeal the death tax entirely
- Reduce long-term capital gains taxes to a flat 10%
- Reinstate deductions for state and local taxes
End the inheritance tax, the gas tax, and property tax hikes
We plan to lower taxes to let you keep more of what you earn and bring jobs back to New Jersey.
Our tax plan includes:
Source: Ballotpedia.org Connection: 2020 New Jersey Senate race
, Nov 1, 2017
- Freeze property tax hikes and work on implementing a cap on the property tax at a maximum of 75% above the national average to bring down current rates across the state and prevent a slow creep to unsustainable levels.
Abolish the inheritance tax, which affects more people than the estate tax, and is one of the highest in the nation at 16%.
Repeal the $.23 gas tax and work to reduce government spending.
- Work on minimizing taxes for small and midsized businesses.
Page last updated: Dec 18, 2020