Tax Reform ATR believes that all consumed income should be taxed one time, at one low and flat rate. Link
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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
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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
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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
taxreformer -
"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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IMF Chief Advocates Avoidance of Taxmageddon
Taxmageddon would result in a 2 percentage point contraction in GDP
In remarks to the Peterson Institute for International Economics on Tuesday, head of the International Monetary Fund, Christine Lagarde, voiced her concern over the January 1, 2013 Taxmageddon. Lagarde warned of the devastating affect Taxmageddon would have on the U.S. economy if not dealt with. According to Lagarde, Taxmageddon would result in a 2 percentage point decline in GDP that would in essence eliminate any expected growth in the U.S. for 2013.
Lagarde told those in attendance that action needed to be taken “to avoid the fiscal cliff.” Lagarde’s statement mirrored many economists and institutions, including the CBO and Federal Reserve.
In regard to the global repercussions of Taxmageddon uncertainty, Lagarde said, “This is true everywhere. But the current uncertainty presents a serious threat for the United States and, as the world's largest economy, for the global economy.”
Lagarde urged Congress to resolve uncertainty caused by Taxmageddon negotiations. In light of the imminent threat of a domestic and possible global recession, Lagarde said:
"So we all hope that, despite political calendars, which anywhere in the world entail a degree of uncertainty and unpredictability, there will soon be enough political clarity and no political games in order to actually focus on removing this uncertainty and making sure that both the issue of the fiscal cliff and the issue of the debt ceiling are addressed properly."
