LP OC Staff
- Sep 7, 2017
- 1 min read

LNC: Libertarians call for spending cuts

Trump’s ‘major’ tax overhaul a major disappointment | The Libertarian National Committee calls for corresponding spending cuts to truly benefit Americans

“President Trump’s proposal for a major tax overhaul addresses only one half of America’s economic problems,” said Libertarian National Committee Chair Nicholas Sarwark. “Trump’s proposal to cut the federal corporate income tax from 35 percent to 15 percent is merely a first step. American corporate taxes are substantially higher than those of most other industrialized nations. That incentivizes American corporations to stash cash from foreign earnings overseas, rather than bring it back to be spent or invested in the United States. Any tax cut is a good thing, but a tax cut without a corresponding federal spending cut is essentially meaningless to average Americans.”