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Groups who advocated for the IRS to prepare tax returns sure look foolish these days: http://t.co/oKvpIofu7Y
May 13, 2013 06:30 PM
taxreformer -
"We don't need the federal government mandating additional taxes..." -@MarshaBlackburn on MFA: http://t.co/lAuLJtr5t3 #NoNetTax
May 13, 2013 06:00 PM
taxreformer -
Health insurers and businesses are already feeling the iron-clad grip of regulations in #Obamacare: http://t.co/J6dfnKqFYZ
May 13, 2013 05:30 PM
taxreformer -
Virginia Governor Bob McDonnell Signs Largest Tax Hike in Virginia History into Law http://t.co/Qd6KOFfaPv
May 13, 2013 03:46 PM
taxreformer -
Under #Obamacare, mothers have had a tougher time purchasing non-prescription, over-the-counter medicine: http://t.co/dJuaGAT9LE
May 13, 2013 02:01 PM
taxreformer -
9 out of 20 #Obamacare tax hikes have not even been implemented yet: http://t.co/opFkyf1guJ
May 13, 2013 01:30 PM
taxreformer -
.@GroverNorquist on MFA: "[The Senate] didn't ask all of the questions that needed to be asked": http://t.co/wXfkIR2Ca9 #NoNetTax
May 13, 2013 01:01 PM
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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
May 13, 2013 12:30 PM
taxreformer -
Conservative and Free Market Groups Applaud Move to Delay a Vote on Gina McCarthy: http://t.co/lNQYmJAB12 #EPA
May 13, 2013 12:02 PM
taxreformer -
The #Obamacare train wreck will derail the American economy: http://t.co/opFkyf1guJ
May 13, 2013 11:30 AM
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Hatch and GOP Finance Committee Members to Supercommittee: No Tax Hikes
Senator Orrin Hatch (R-Utah), the ranking member of the Senate Finance Committee, spearheaded a list of good recommendations to the "Supercommittee."
The Republican members of the Senate Finance Committee (led on the GOP side by Senator Orrin Hatch of Utah) sent a series of suggestions to the "Supercommittee" today. I would urge you to read the whole document, but here are the best parts:
No tax hikes. "We begin our recommendations confident that increasing taxes in the name of deficit reduction would be both counterproductive and unnecessary...while we are all committed to fundamental tax reform, tax reform must be a base-broadening and rate-lowering exercise that is revenue neutral against current tax policy."
Lower tax rates. The top marginal tax rate should be no higher than 25% on both households and corporations. Small employers should only face one tax rate with an easy computation of tax liability.
Territoriality. U.S. companies should not have to pay taxes to a foreign government and the IRS on the same foreign-source income.
Repeal Obamacare tax hikes and the AMT. Everyone forgets about the 20 new or higher taxes in Obamacare, many of which are scheduled to take effect in 2013.
Dynamic analysis. Require that the Congressional Joint Committee on Taxation include macroeconomic feedback effects in any score of comprehensive tax reform.
There's a lot more good stuff in there, including full Obamacare repeal, tort reform, welfare reform, Medicare reform, and more. Worth the read.
The only major item that was not there that I would have wanted to see was full business expensing. A good list.
What do you think of the list? Anything else needed that you would add?
Posted by Ryan Ellis 
on Friday, October 14, 2011 2:51 PM EDT
on Friday, October 14, 2011 2:51 PM EDTTo follow Ryan Ellis's RSS feed click here. To follow them on Twitter, their handle is @ryanlellis
