Jeff Duncan is a South Carolina native and a 1988 graduate of Clemson University. Prior to being elected to the U.S. House of Representatives in 2010, Congressman Duncan served as Branch Manager and Assistant Vice President during his seven years working in community banking. Later, he became the President and CEO of J. Duncan Associates, a South Carolina based, family owned real estate marketing firm which specialized in statewide real estate auctions. Duncan concurrently served as a member of the South Carolina House of Representatives from 2002-2010.
The issue of Tax Reform is an ongoing debate in Congress. I believe that cutting taxes is the best way to jump-start the economy.
I believe that Americans are taxed too much and our tax system is too complicated. It is far too easy to abuse the current system and reforms are badly needed. We must eliminate tax loopholes and lower overall tax rates for hard-working Americans. For this reason, I am a cosponsor of H.R. 25, the Fair Tax Act of 2011. This legislation would end the federal income tax, abolish the IRS, and implement a consumption based tax structure. Ending the IRS alone could save the federal government billions of dollars every year.
Additionally, I have cosponsored legislation to end the Death Tax, lower corporate rates while ending loopholes, and prevent the so-called “Fiscal Cliff” tax increases. Taxation is an enemy of job creation and I will continue to support legislation that cuts taxes and allows the private sector to grow. Our country does not have a revenue problem; we have an increasing spending problem that we must stop now.