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ATR Supports DeMint American Plan Alternative to Reid-Obama-Baucus Trillion Dollar Spending Plan


Posted by Ryan Ellis on Monday, February 9th, 2009, 5:19 PM PERMALINK


The Honorable Jim DeMint
United States Senate
Washington, DC 20510

Dear Senator DeMint:

On behalf of Americans for Tax Reform, I am pleased to endorse your
“American Option” as the best Senate GOP alternative to the Reid-
Obama-Baucus trillion dollar spending plan.

The “American Option” is a series of pro-taxpayer initiatives, including:

Cutting the small business tax rate from 35 to 25 percent, and reducing
income tax brackets to only three (10, 15, and 25 percent)

Cutting the anti-competitive corporate rate from 35 percent (the
second-highest in the developed world) to 25 percent (more in line
with the average rate of our European competitors)

Locking in the 15 percent rate for capital gains and dividends, which
will boost share prices for the 50 million “investor class” families

These, along with the other tax cut proposals in the “American Plan,” will
increase economic growth in 2009 and permanently. America will become a
magnet for capital, and the resulting wealth creation and job growth will
restore our prosperity.

I would encourage all Senators to support your “American Plan” amendment
this week.

Sincerely,

Grover Norquist
GGN:rle

View the PDF version of the letter.

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