Take Back The Republican Party favors a dramatic lowering of all personal and corporate income tax rates by 50%.

Such tax cuts will have an immediate stimulative effect on the economy, putting more money in the paychecks of every American worker, and making it easier for companies of all types and sizes to not only rehire laid off workers, but to hire additional staff to meet the demand that would be forthcoming.

Tax cuts are the only proven way to stimulate the economy, and history undeniably proves this to be the case. The last major economic downturn, in the early 1980’s was corrected when President Reagan passed major tax reductions. The same would hold true today. Contrary to what President Obama and the Liberal Democrats have told you, you can not spend your way out of debt. The massive spending bill passed by Congress and signed by the President, which they claim to be a stimulus package, is nothing more than a deliberate attack against American values and the mortgaging of the future of our children, grandchildren and the American way of life.

President Obama and the Democrats are going to put $13 a week into the checks of average Americans. Take Back The Republican Party’s proposal of 50% tax cuts would yield the following scenarios:

An American family with total earnings of $60,000 a year and deductions and credits bringing taxable income to $40,000 are responsible for paying $5,200 in federal income tax. Under the TBTRP plan, that tax liability would be reduced to $2,600. That equates to $216.67 EXTRA in the paychecks of this income bracket per month. What is going to help people pay their bills and stay in their homes, Obama’s $52 per month, or TBTRP’s $216.67 per month?

Let’s take a family with total household income of $100,000 and deductions and credits that bring their taxable income to $70,000. Their tax burden is $10,000 a year! Cut that in half to $5,000 and that family will have an extra $416.67 in the family budget per month!

There is no doubt or questioning that our plan, part of the “Contract for America’s Future” is the best path to follow for American families and American businesses.