Showing posts with label Taxes. Show all posts
Showing posts with label Taxes. Show all posts

Tuesday, April 15, 2008

Do We Need The IRS?

What do you think:

The FairTax Act (HR 25, S 1025) is nonpartisan legislation. It abolishes all federal personal and corporate income taxes, gift, estate, capital gains, alternative minimum, Social Security, Medicare, and self-employment taxes and replaces them with one simple, visible, federal retail sales tax administered primarily by existing state sales tax authorities…

The FairTax:

  • Enables workers to keep their entire paychecks
  • Enables retirees to keep their entire pensions
  • Refunds in advance the tax on purchases of basic necessities
  • Allows American products to compete fairly
  • Brings transparency and accountability to tax policy
  • Ensures Social Security and Medicare funding
  • Closes all loopholes and brings fairness to taxation
  • Abolishes the IRS


This would be a big step in the right direction for this country.

H/T: Hillbilly White Trash

Monday, March 24, 2008

Congress Passes Major Tax Hike

As if we were not paying enough:

The House- and Senate-passed budgets would raise taxes on every American taxpayer by an average of $3,000 per household. But don’t expect Congress to share in the sacrifice: The budget would hike discretionary spending by 8 percent, and not cut a single government program.

...Taxpayers will still pay $4 trillion more, regardless of which pocket lawmakers pick. The average per-household cost would rise from $187 next year, to $3,237 in 2012, and to $4,716 by 2018.


Read the whole thing at the link.

One thing is for sure, Dems love there taxes. The economy is uncertain and all they can come up with is raising taxes.

There are some good stuff in the article about spending too:

Regrettably, Congress did not propose any significant offsets for this new spending. Nor does it propose eliminating a single wasteful federal program -- not even unnecessary programs such as the Advanced Technology Program, which spends much of its $70 million budget subsidizing Fortune 500 companies.

In failing to offer spending reductions, congressional budget writers ignored $55 billion in annual program overpayments, $60 billion for corporate welfare, and $123 billion for programs that government auditors find have no evidence of success. No real reforms, just more tax dollars thrown at the same old programs.


As the Dems want to change, taxes and spending looks to change for the worst. My idea of change is letting me keep more of my money, and stop wasting the money that so many good Americans provide.

These are the reasons we need to vote. We need to push for the congressional candidates that are going to reverse these crazy ideas of change. Unfortunately for us, it appears the Democrats are going to retain control of Congress.

Even given all this, I cannot tell you to vote for McCain. He is pretty good on the economy. Not great but better than the Dems. I still feel he would prove to be just a little better than the Dems, and would do more harm than good.

Friday, March 14, 2008

We Need A Few Hundred More Like This In Washington

Congressman Jeb Hensarling from Texas:



We could only hope for more Republicans to stand up like this. This is the issue that cost the Republicans the majority in '06. If more thought the way this man does, they would still have it.

H/T:Red State

Thursday, February 14, 2008

Mitt To Endorse McCain

Not surprising:

AP Video Republican campaign dropout Mitt Romney agreed Thursday to endorse Sen. John McCain for the party's presidential nomination and ask his national convention delegates to swing behind the party front-runner, according to officials familiar with the decision.

I have contended from the start that the gap between Romney and McCain was pretty narrow. I did vote for Mitt in the primary, simply because he was the only one left that could possibly convince me he was going to act like a conservative. He had not convinced me when he dropped out though. I think all the hoopla about him being the "most" conservative one was wishful thinking. When Thompson and Hunter left the race, so did conservative principals. Except for Paul who is scary as hell when it comes to foreign policy.

I still will not vote for McCain. I know the argument - Anyone is better than he Democrats. I am not so sure McCain would be that much better. Look, a lot of people are saying that we need McCain because of the war. I do not think any of the three candidates with a chance to win are going to be that quick to pull out. I know, I know; Obama says he will. That is pandering. None of them are going to want to be the one that surrenders to the terrorists. Especially when things are going as good as they are. They may use it to get votes, but things change when it is your presidency that takes the hits.

That being said, I am not under the impression that the Dems are not going to screw things up. But I will remind you, McCain wants to shut down Gitmo. He don't want water boarding. This is where I differ from most people. If torturing someone will save one innocent life I am all for it. Not just water boarding either. Pull out the good stuff. You know, he stuff you see on these crazy movies and TV shows. These people will do anything possible to hurt us. We need to use anything possible to ensure they are not given the chance.

Sorry, back to the main topic. Romney is endorsing McCain. McCain is not at all concerned with what conservatives hold dear. It has come out today that McCain is good on taxes. That is good. He wants to cut spending. That is great. I will give him credit where it is due. But he will pull the party further to the left and I can not support him.

Friday, October 26, 2007

Rangel Introduces His Tax Plan

From the Washington Times:

The Democrats' top tax-writer yesterday introduced a massive plan to give tax relief to 90 million working families, a long-anticipated tax-code overhaul that Republicans criticized as the largest proposed tax increase in U.S. history.

The bill would expand income-tax breaks for the middle class while limiting deductions and adding taxes on high-end earners, increase the tax rate on "carried interest" fund managers earn on investments, and cut corporate tax rates. The Democratic plan also would repeal the alternative minimum tax (AMT), because it is set to penalize middle-income families this year.

House Ways and Means Committee Chairman Charles B. Rangel, New York Democrat, said the changes would provide Americans a "greater sense of equity and fairness" about the tax system.

...

Republicans say the rewrite of the tax code, which Mr. Rangel touts as the "mother of all tax reforms," would raise taxes $1.3 trillion by itself or more than $2 trillion when coupled with Democrats' plan to let expire President Bush's 2001 and 2003 tax cuts.

House Minority Leader John A. Boehner said the bill couldn't come at a worse time — amid a slowing economy and a mortgage lending crisis — and threatened to reverse five years of gains from Republican tax cuts that reaped job growth, rising household incomes and increased federal tax revenue.

"Imposing higher taxes at this time will doom our economy, put people out of work and cost the federal government revenue that is badly needed if we are in fact going to balance the budget," the Ohio Republican said.

If you take it away from the rich and give it to the middle class, who is going to provide the jobs for the middle class? Oh sure you get a couple of hundred dollars more a year from the 'relief' plan, but how does that compare with losing your job?