Schaffer pinned his race on the economy and called for tax cuts to revive it, including cutting the corporate income tax from 35 percent to 25 percent.There's a reason why this should make for such a consistent and successful campaign theme for Bob Schaffer, because its contrasts him significantly with his tax-and-spend liberal opponent Mark Udall (who incidentally has hidden from taking a stance on fellow Democrat Gov. Bill Ritter's property tax hike).
“We have the second-highest corporate tax rate on the planet,” Schaffer said. Cutting it would help to preserve American jobs and encourage companies to maintain headquarters in the country, he said.
Schaffer also proposed an optional flat tax and the elimination of the alternative minimum tax.
Schaffer also called for the restoration of the research-and-development tax credit and slashing the repatriation tax on profits earned overseas from 40 percent to 5 percent.
A member of Congress from 1997 to 2003, Schaffer said he was part of the Republican movement that “raised taxes dramatically in the United States” by lowering tax rates, thereby stimulating economic activity.
It also explains why Udall and the Big Blue Lie Machine are so intent on changing the subject, especially by conjuring up phony scandals. It furthermore gives an idea why Udall seems so reluctant to join the debate with Schaffer.