And fifth we will champion small businesses America's engine of job growth. That means reducing taxes on business not raising them. It means simplifying and modernizing the regulations that hurt small business the most. And it means that we must rein in the skyrocketing cost of healthcare by repealing and replacing Obamacare.

In this world nothing can be said to be certain except death and taxes.

In fact the best thing we could do on taxes for all Americans is to simplify the individual tax code. This will be a tough job but members of both parties have expressed an interest in doing this and I am prepared to join them.

The U.S. states that allow for citizens' initiatives tend to have fewer laws and lower taxes than the ones that don't. But the beauty of the system is that it encourages the spread of best practice.

In order to fix Social Security we must restructure it so that we continue to provide for our Nation's seniors that are approaching retirement age but allow for younger taxpayers to invest a portion of their Social Security taxes in private accounts.