Author Archives: Tom Del Beccaro

Reagan Economist Dr. Arthur Laffer Endorses U.S. Senate Candidate Tom Del Beccaro’s Flat Tax

Senate candidate Tom Del Beccaro

WALNUT CREEK, Calif., Jan. 20, 2016 (SEND2PRESS NEWSWIRE) -- Tom Del Beccaro, former Chairman of the California Republican Party and U.S. Senate candidate, today announced Dr. Arthur Laffer's endorsement of Del Beccaro's nationwide and California flat tax.

"Tom Del Beccaro's tax plan would create millions more jobs in America. No state would benefit more from a low flat tax than California," said Dr. Laffer.

Laffer's endorsement of Del Beccaro's plan comes after national economists Stephen Moore, Larry Kudlow and Lew Uhler praised Del Beccaro for his national flat tax proposal.

"We need an economy that produces opportunity for all, not political favors for some. To do that, we must turn away from a tax code that picks winners and losers and move to a tax code that unleashes economic growth. Having the support from the nation's top economists is a privilege," said Del Beccaro. "With this team of supporters and advisors on my side, I know that the California's best days are ahead of us."

About Del Beccaro's Flat Tax Plan:

Tom Del Beccaro released his flat tax plan on Sept. 30, which includes:

1. The elimination of our current corporate tax system and to replace it with a 15.5-percent net business income tax with immediate expensing for business purchases and deductibility of wages and salaries.

2. The replacement of the current personal income tax with a flat rate 15.5-percent income tax on wages and salaries, capital gains, dividends, interest income and bequests. For a family of four, the first $48,000 of income is tax-free. Health care benefits should remain untaxed.

3. The elimination of all deductions except the standard deduction should be doubled.

4. The payroll tax should be retained but its cap eliminated thereby creating a true flat tax for all earners.

5. The elimination of the estate tax, Affordable Care Act taxes and all existing tariffs. The net business income tax would be applied to imports at the border.

6. Any change to this system, should require a three-fifths vote of both houses of Congress

That system would replace the 77,000 annotated page tax code we have today which benefits the rich to the exclusion of the poor.

About Tom Del Beccaro:
Tom Del Beccaro is a business and real estate lawyer, and the former Chairman of the California Republican Party. Tom is a contributor to Forbes.com and writes frequently about tax policy. Tom is Publisher of PoliticalVanguard.com, author of the new book "The Divided Era," which explains why America is so divided today and offers ideas on how to reduce political division, and "The New Conservative Paradigm." Tom has spent over 15 years in politics, where he also held positions such as Vice Chairman of the California Republican Party and three terms as Chairman of the Contra Costa County Republican Party.

More information: http://www.delbeccaroforsenate.com/.

Twitter: @tomdelbeccaro

* PHOTO for media: Send2Press.com/mediaboom/15-1006-Tom-Del-Beccaro-300dpi.jpg

* Photo Caption: Tom Del Beccaro.

To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/reagan-economist-dr-arthur-laffer-endorses-us-senate-candidate-tom-del-beccaro-flat-tax-2016-0120-03.shtml.

NEWS SOURCE Tom Del Beccaro :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2016 Send2Press® Newswire, a service of Neotrope®.

U.S. Senate Candidate Tom Del Beccaro Announces Major Endorsement by Economist Larry Kudlow

Del Beccaro for Senate

WALNUT CREEK, Calif., Oct. 6, 2015 (SEND2PRESS NEWSWIRE) -- Tom Del Beccaro, former Chairman of the California Republican Party and U.S. Senate candidate, today announced Economist Larry Kudlow's endorsement of him for U.S. Senate.

"I am honored to have received this endorsement," said Del Beccaro. "Larry Kudlow has been among the foremost voices in America for the restoration of pro-growth policies. In the time I have spent with him, I have seen how he is acutely concerned about how government policies have reduced economic growth and in the process hurt the middle class and the poor in America."

"Tom Del Beccaro, with the help of my dear friend Stephen Moore, will propose a flat tax for the nation. In my judgment, that is the exact prescription our ailing economy needs. Tom Del Beccaro has my full support," said Kudlow.

About Tom Del Beccaro's Flat Tax:

Tom Del Beccaro, the only candidate in the race to have taken the No New Tax Pledge, and the only Senate candidate in America to offer a flat tax plan, has proposed the following flat tax system:

1. The elimination of our current corporate tax system and to replace it with a 15.5% net business income tax with immediate expensing for business purchases and deductibility of wages and salaries.

2. The replacement of the current personal income tax with a flat rate 15.5% income tax on wages and salaries, capital gains, dividends, interest income and bequests. For a family of four, the first $48,000 of income is tax-free. Health care benefits should remain untaxed.

3. The elimination of all deductions except the standard deduction should be doubled.

4. The payroll tax should be retained but its cap eliminated.

5. The elimination of the estate tax, ObamaCare taxes, and all tariffs. The net business income tax would be applied to imports at the border.

6. Any change to this system, should require a 3/5ths vote of both houses of Congress

That system would replace the 77,000 annotated page tax code we have today.

About Tom Del Beccaro:

Tom Del Beccaro is a business and real estate lawyer, and the former Chairman of the California Republican Party. Tom is a contributor to Forbes.com and writes frequently about tax policy. Tom is Publisher of PoliticalVanguard.com, author of the new book "The Divided Era," which explains why America is so divided today and offers ideas on how to reduce political division, and "The New Conservative Paradigm." Tom has spent over 15 years in politics, where he also held positions such as Vice Chairman of the California Republican Party and three terms as Chairman of the Contra Costa County Republican Party.

Tom is a frequent talk radio and television commentator across the country. His Op-Eds have appeared in places like The Washington Times, Investors Business Daily, The Weekly Standard, Politico, The Daily Caller, Human Events, The Sacramento Bee, The Modesto Bee, The Press Enterprise, The Orange County Register and The San Francisco Chronicle.

In the last 14 years, Tom has made over 1,100 speeches/panel appearances throughout California for community groups and at places like the San Francisco Commonwealth Club, Western C-PAC and the University of California at Berkeley.

More information: http://www.delbeccaroforsenate.com/.

Twitter: @tomdelbeccaro

* PHOTO for media: Send2Press.com/mediaboom/15-1006-Tom-Del-Beccaro-300dpi.jpg

To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/us-senate-candidate-tom-del-beccaro-announces-major-endorsement-by-economist-larry-kudlow-2015-1006-01.shtml.

NEWS SOURCE Tom Del Beccaro :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2015 Send2Press® Newswire, a service of Neotrope®.