Jobs, Budget and Economy

Tom will work for pro-growth policies that create good paying jobs for American workers. These policies include tax refrom to pay for investments in job training programs and infrastructure, expanding high speed internet to rural communities, increases in minimum wage requirements, investment in carbon free energy sources, and immigration reform.

Our country needs pro-growth economic policies. We need to reform our tax code to reverse many of the unfair and revenue losing changes enacted by the tax changes passed by the Republicans and invest these new revenue sources in infrastructure and job training.

To support working families and small businesses, Tom believes that a national family and medical leave insurance program would improve worker retention, productivity and morale, and protect small business owners’ economic security in the event of an accident or medical emergency.

The federal debt, which in the 2017 budget alone increased by over $690 billion, is projected to increase to staggering levels in the next 10 years.  Political leaders have been unable to address this problem. The Republican’s poorly designed plan is to dramatically cut important federal programs that involve basic research in health, environmental protection, food stamps, and other safety net programs for working people and propose tax cuts for the wealthy that economists have shown will increase, not decrease, federal deficits by trillions of dollars.

Tom will strongly oppose the Republican’s plans, and will push for a comprehensive, long-range plan that takes a more responsible approach to fixing our nation’s balance sheet including a “bottom-up program review” of all federal agencies.  Tom supports deficit reduction measures such as:

  • Tax reform that taxes all sources of income equally and eliminates the preferrential treatment of unearned income which effectively reduces high income earner tax rates to below wage earner rates.
  • Immigration reform that the non-partisan Congressional Budget Office (CBO) estimates could stimulate our economy, increase GDP, and reduce federal deficits by $200 billion over 10 years.
  • The closure of the tax loophole that allows hedge fund managers to escape paying regular federal income tax on fees paid by clients.
  • Implement a market-based carbon tax that would include tax refunds for low-income families. Such a proposal could replace direct subsidies for renewables and reduce federal deficits by $1 trillion over 10 years while encouraging use of non-carbon forms of energy production such as solar, wind and nuclear power.
  • Implement healthcare reforms that change our fee based system to more of an outcome based system. Ultimately a bipartisan group of experts and political leaders will need to propose a package of reforms that would receive a straight up or down vote in Congress.

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