Tax Reform ATR believes that all consumed income should be taxed one time, at one low and flat rate. Link
"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
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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
taxreformer
The following is cross-posted at www.fiscalaccountability.org:
If you thought that after the bailouts and the "stimulus" package, lawmakers on the Hill would excercise moderation when it comes to your tax dollars, think again.
As the Wall Street Journal points out today:
(...) House Democrats were moving on a dozen spending bills for fiscal 2010 that total 12.1% in more domestic discretionary increases.
Yes, 12.1%.
Remember, inflation is running close to zero, or 0.8%. The good news, if we can call it that, is that Senate Democrats only want to increase nondefense appropriations by 8% for 2010. Because these funding increases become part of the permanent baseline for future appropriations, the 2010 House budget bills would permanently raise annual outlays for discretionary programs by about $75 billion a year from now until, well, forever.
Concerned yet? Well, that's not all. These numbers exclude the so-called mandatory spending programs like Medicare and Medicaid, both of which saw an explosion of 9.8% and 24.7%, respectively, in FY 2009. Also, agencies were allowed to double-dip, and saw massive increases in their budgets courtesy of the stimulus and the appropriations bills. Consider this:
House Republicans on the Budget Committee added up the 2009 appropriations, the stimulus funding and 2010 budgets and found that federal agencies will, on average, receive a 57% increase in appropriated funds from 2008-2010. By contrast, real family incomes fell by 3.6% last year. There's no recession in Washington.
The conclusion in light of the spending plans Obama, Pelosi and Reid have for taxpayers is sobering:
Democrats must figure that they can get away with this sort of rap because no one will call them on the reality of what they're spending. And they're probably right about a press corps that has ignored the spending boom since Democrats took over Congress in 2006. Meanwhile, the spending machine rolls on, all but guaranteeing monumental future tax increases.
Yes, monumental future tax increases. If you can stomach it, ATR is outlining the first wave in the Senate healthcare bills here.
Photo credit: Mike Desisto