Budget and Taxes
Our nation is threatened by a debt crisis that has been caused by unrestrained federal deficits that if unchecked, will threaten economic prosperity and job growth. If we do not take action now, then we risk becoming the first generation to leave our country worse off for our children and grandchildren. Congressman Bilirakis believes that we must implement serious spending reforms to restore the fiscal credibility of the United States at home and in the global market. During these difficult economic times, Americans have had to spend less, and the federal government should do likewise.
Congressman Bilirakis supports reforming the tax code, which will eliminate a barrier to economic growth for everyone. The federal tax code has grown far too complicated for individuals and small businesses. It now contains approximately 4 million words; almost triple the number from just ten years ago. He supports tax reform that makes the tax code simpler and fairer for everyone, which will free capital, increase investment, and lead to more jobs for Americans.