Tax Reform ATR believes that all consumed income should be taxed one time, at one low and flat rate. Link
List of Upcoming Obamacare Tax Hikes http://t.co/yEdM94o6lw
taxreformer
ATR’s @MDuppler discusses the ramifications of the developing IRS scandal on @VarneyCo: http://t.co/ZvMvMW9fRE
taxreformer
In new @DailyCaller op-ed, @GroverNorquist urges Congress to question IRS agents involved in this scandal: http://t.co/M0gV2GpQ9G
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Gov. Bob McDonnell Signs Largest Tax Hike in Virginia History into Law: http://t.co/iENksi7uQi
taxreformer
IRS tax return preparation invites a conflict of interest: http://t.co/oKvpIofu7Y
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These destructive #Obamacare tax hikes will soon be implemented: http://t.co/opFkyf1guJ
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"Saying the Marketplace Fairness Act is fair is like saying the Affordable Care Act makes health care affordable" -@MarshaBlackburn
taxreformer
"I can't believe #Obamacare led to higher health care costs," said no economist ever: http://t.co/J6dfnKqFYZ
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#Obamacare's 10% tanning tax hits salon owners and customers, most of which are women: http://t.co/dJuaGAT9LE
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Groups who advocated for the IRS to prepare tax returns sure look foolish these days: http://t.co/oKvpIofu7Y
taxreformer
April 7, 2009
The Honorable Judd Gregg
United States Senate
Washington, DC 20510
Dear Senator Gregg:
I write today very concerned about your recently-introduced S. 640, the “Second Look at Wasteful Spending Act 0f 2009.” This bill, which is co-sponsored by Senator Joe Lieberman (D-Conn.), lays the groundwork for annual and automatic tax hikes.
Your bill provides for expedited Congressional consideration of Presidentially-submitted rescission packages. Rather than limiting this to wasteful spending measures and earmarks, however, S. 640 also provides for expedited consideration of “targeted tax benefits.” Raising taxes grows the size of government. Cutting spending shrinks the size of government. They are two mutually-incompatible actions, and cannot be considered equivalent in any way.
Even worse, your bill’s definition of a “targeted tax benefit” could be used to include virtually any tax exclusion, adjustment, deduction, or credit. It is defined as:
(A) any revenue provision that has the practical effect of providing more favorable tax treatment to a particular taxpayer or limited group of taxpayers when compared with other similarly situated taxpayers; or
(B) any Federal tax provision which provides one beneficiary temporary or permanent transition relief from a change to the Internal Revenue Code of 1986
What’s concerning is the term, “limited group of taxpayers.” There is no definition here, and Congress and/or the President is presumably free to make this unfortunate group as large or as small as they like, depending on how much they want to raise taxes that year.
Aren’t health savings account owners “limited?” How about homeowners? Families with children? Small business entrepreneurs? Investors? The list is endless, and a “limited group” can be large or small, depending on the mood of politicians at any one time.
S. 640 is an unwise and imprudent bill. It’s a spending Trojan Horse which contains within it annual tax hikes and growth in government.
Sincerely,
Grover G. Norquist
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