Monday, April 13, 2009

Why are we even considering adopting Obama's tax policies?


from Carpe Diem, in regard to Ari Fleischer's op/ed in the WSJ:
I favor the abolition of all Social Security, Medicare and estate taxes. In their place, we should create a simple income tax system that has no deductions or credits at all. The result would be a progressive, multitiered income tax in which everyone pays. The bottom 50% won't be excused from paying the cost of government and top earners will no longer have the loopholes they're used to. The middle-class, whose wages have stagnated, will benefit from economic growth. Social Security and Medicare will be funded from income taxes, ending the myth that these programs are supported through government trust funds and payroll taxes. The tax base will broaden dramatically, allowing rates to fall and helping to foster what's most important -- economic growth.

I'd also create a mechanism so tax rates go up or down for everyone -- no more dividing the country by lowering taxes for some or raising them only for others. A revenue system whose purpose is to pay the government's bills should apply fairly to one and all. If Congress wants to raise or cut taxes, it should do so for everyone.

Another benefit is that such a system will create an environment in which spending programs receive the scrutiny they deserve. It's funny what happens when everyone pays the bills; Americans may want less spending so they can pay fewer bills.

1 comment:

  1. bubba, you are making too much sense. the freakn socialist want to keep taking more and more from the ones who pay the most and give it to the ones who dont work and are unproductive.

    Require drug testing for ones receiving government handouts.

    no incentive to work for many of these dregs. they only take, take, take and put nothing in.

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