A changing economy will always require updates to our tax structures. In principle, I believe that the lower our taxes are, the better. I will follow these principles when looking at tax reform.
- Never institute tax reform bills without a completely transparent and open process. Even if the rest of the legislature is trying to do it quietly, I’ll be shouting from the rooftops and making everything I can public so that YOU can get an open and honest assessment of where things are going. Citizens of the state should ALWAYS have a voice in helping to determine where their tax dollars are spent.
- Always seek innovative ways to promote substantial government savings to ensure that unnecessary taxation is eliminated and that the budget is always balanced.
- No regressive taxes – particularly those on items such as food which end up having a much bigger impact on poorer citizens of the state.
- Look at the bigger picture – when making tax reforms, don’t just look at the total numbers of how much we are spending as a government or how much tax revenue is coming in. Look at how specific tax reforms will affect certain areas of the budget (i.e., will it hurt education?)
READ MORE ABOUT NILS’S VIEWS ON OTHER ECONOMIC POLICY ISSUES