Tax Reform ATR believes that all consumed income should be taxed one time, at one low and flat rate. Link
Groups who advocated for the IRS to prepare tax returns sure look foolish these days: http://t.co/oKvpIofu7Y
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"We don't need the federal government mandating additional taxes..." -@MarshaBlackburn on MFA: http://t.co/lAuLJtr5t3 #NoNetTax
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Health insurers and businesses are already feeling the iron-clad grip of regulations in #Obamacare: http://t.co/J6dfnKqFYZ
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Virginia Governor Bob McDonnell Signs Largest Tax Hike in Virginia History into Law http://t.co/Qd6KOFfaPv
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Under #Obamacare, mothers have had a tougher time purchasing non-prescription, over-the-counter medicine: http://t.co/dJuaGAT9LE
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9 out of 20 #Obamacare tax hikes have not even been implemented yet: http://t.co/opFkyf1guJ
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.@GroverNorquist on MFA: "[The Senate] didn't ask all of the questions that needed to be asked": http://t.co/wXfkIR2Ca9 #NoNetTax
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"When architects of #Obamacare are worried about it creating a trainwreck, you know something's gone terribly wrong": http://t.co/J6dfnKqFYZ
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Conservative and Free Market Groups Applaud Move to Delay a Vote on Gina McCarthy: http://t.co/lNQYmJAB12 #EPA
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The #Obamacare train wreck will derail the American economy: http://t.co/opFkyf1guJ
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Today, Americans for Tax Reform and its affiliate, the Center for Fiscal Accountability, sent a letter to the House Appropriations Chairman, Rep. Hal Rogers, urging him to include language from the Full Faith and Credit Act in the Continuing Resolution. The stop-gap funding measure is supposed to be unveiled tomorrow after Rep. Rogers announced today his committee would cut more spending from the bill than previously decided upon. From our letter:
The Full Faith and Credit Act requires Treasury to service its debt before paying any other obligations. Currently, the government is projected to hit the debt ceiling in the early spring – including this language in the CR would ensure it could do so without defaulting on its debts.
This language would ensure U.S. creditors that the country will be able to fulfill its obligations, providing certainty as debate on the looming debt ceiling escalates. It also provides evidence to U.S. investors that the country is serious about improving its fiscal health in not just the short-term, but for generations to come.
Prioritizing debt service allows lawmakers to correctly focus on the cause of the debt: out-of-control government spending. The recent CBO report showed spending is projected to vastly outpace revenues over the next decade, even though tax receipts are projected to level out one percentage point higher than their traditional average. Thus, the country will be in a perpetual race against the debt clock if significant reform is not implemented.
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