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
taxreformer
Health insurers and businesses are already feeling the iron-clad grip of regulations in #Obamacare: http://t.co/J6dfnKqFYZ
taxreformer
Virginia Governor Bob McDonnell Signs Largest Tax Hike in Virginia History into Law http://t.co/Qd6KOFfaPv
taxreformer
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
taxreformer
Today, Americans for Tax Reform and its Center for Fiscal Accountability sent the following alert to the United States House of Representatives. The alert urges Members to reject H.R. 2693, Senate Democrats' flawed debt limit propsal that attempts to increase taxes to avoid spending reform in the debt limit debate. From our alert:
The bill completely distracts from the real debt problem – government overspending – by slanting the deck in favor of tax increases. It establishes a joint committee that is specifically directed to consider “tax reform” while considering other bipartisan solutions available, tactility encouraging the committee to adopt Gang of Six-style bipartisan tax hike deals.
The committee is directed to focus on reducing the deficit to 3 percent of GDP, rather than devise targeted spending cuts and lasting fiscal reform. The bill detaches any committee report from further extensions in borrowing authority, removing any incentive for the committee to produce productive legislation that could pass both chambers of Congress.
The bill eliminates basic budgeting responsibilities by “deeming” spending and revenues levels for the next two years, locking in current law and increasing the hurdles to preventing tax increases. The supposed spending limitations in the bill are devised so that any plausible contingency allows them to be easily flouted.
What’s more, the H.R. 2693 fails to provide any oversight over the President’s borrowing authority. The bill would require supermajorities in both chambers to reject the President’s request for an increase in the debt ceiling, with no preconditions. Lawmaker serious about getting the country’s fiscal house in order should support the real debt limit solution passed by the House yesterday and reject Senate Majority Leader’s proposal, H.R. 2693.
Click here for the full alert.
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