I write from a conservative point of view and do not engage in personal attacks. There are no solutions, only tradeoffs as said by economist Thomas Sowell. This can be seen with most bills passed by congress.
Saturday, April 28, 2012
FAIR TAX
The FairTax proposal is a comprehensive revenue plan that would eliminate most major federal income and payroll taxes, including personal, gift, estate, capital gains, alternative minimum, Social Security, Medicare, self-employment, and corporate taxes. On payday, every American would receive 100 percent of his or her paycheck, minus any state income taxes.
These federal taxes would be replaced by a national retail sales tax. Under the FairTax, the national sales tax rate initially would be 23 percent, with adjustments made to the rate in subsequent years.
The FairTax is progressive. To make this system fair for low-income Americans, all taxpayers would receive a monthly "prebate," so no one would pay taxes for consumption up to the poverty line.
The national retail tax would only be collected on new purchases, making "used" purchases tax-free. Additionally, business purchases would be exempt from the tax, thereby eradicating corporate tax compliance costs currently hidden in retail prices.
As it is at this time an estimated 51% of eligible taxpayers pay no federal income tax (do not pay their fair share) . Those that do not help pay the bill lack good judgement to decide who should decide how to spend our money.
Thursday, April 19, 2012
SMALL BUSINESS TAX CUT ACT
177 19-Apr H R 9 On Passage P Small Business Tax Cut Act
Passed. Republican 217 yes. And 10. No
Democrats. 18. Yes. And. 163 no
Tuesday, April 17, 2012
FAIR SHARE
THIS DIABOLICAL TAX CODE in Tuesday Pioneer Press shows any, many flaws in our present IRS tax system. Just a few to be named: seventy-five years the instruction booklet was two pages where now nearly two hundred pages and four million words with few able to unnerstand. This year individual and business taxpayers will spend seven billion hours to satisfy our diabolical tax code. The Alternative Minimum Tax Code (AMT) was designed to punish the very rich without a way to index for inflation. As it is now those middle class taxpayers , $75,000 are now being punished. The only solution to this problem is a national sales tax aka "Fair Tax" which is designed to be as progressive as our IRS income tax. This would see that we al pay our "fair share".
Monday, April 16, 2012
ACTS OF KINDNESS
Give a smile to someone passing,
Thereby making his morning glad;
It may greet you in the evening
When your own heart may be sad.
Do a deed of simple kindness;
Though its end you may not see,
It may reach, like widening ripples,
Down a long eternity.
Sunday, April 15, 2012
LOSER PAYS RULE
Almost every liberal democracy in the world except ours uses the "Loser Pays Rule" which says that a plaintiff in a civil lawsuit must pay the winning party’s legal fees if their complaint is judged to be groundless. For those that hope to rein our uniquely high rates of litigation a "loser pays rule" seems like a common sense way to rule to weed out nuisance lawsuits.
The loser pays rule would greatly diminish the cost of health care by removing the high cost of law suits against medical providers. Some say the cost of litigation can increase the cost of health care by as much as 20%. . Beside that for fear of lawsuits doctors frequently order unnecessary procedures to play it safe.
The new senate bill The Patients Choice Act , sponsored by Republican senator Tom Cobourn of Oklahoma , addresses this problem in a big way. The trouble with passing legislation to reform our legal system is that Democrats oppose, and will always oppose any bill to control lawsuits.
The obvious reason is that the American Association for Justice, formerly the Association of Trial Lawyers give 96% of their political donations to Democrats, according to www.opensecrets.org/pacs/toppacs. You don't bite the hand that feeds you.
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