Tax Reform ATR believes that all consumed income should be taxed one time, at one low and flat rate. Link
Jim Pendergraph Supports $2 Trillion Tax Hike http://t.co/LF6ieJuZ
taxreformer
Maryland Governor Martin O’Malley: Barack Obama, Jr. http://t.co/lzrcRtSj
taxreformer
EPA's War on Fossil Fuels http://t.co/gzORlViU
taxreformer
Less Waste, More Transparency in Government Broadband Loans http://t.co/RrWuq3O3
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Check out @Union_Facts’ new #Crony2012 campaign exposing President Obama’s corrupt relationship with Big Labor http://t.co/5aDnKJUQ
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Tom Cross's Hope for Change to Obamacare http://t.co/Isu5I7kK
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RT @ChrisPrandoni: My new column exposing Obama's plan to kill coal via @townhallcom http://t.co/2fEqWUdU via
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Blog: Tom Cross's hope for change to Obamacare - http://t.co/g6OFzp73 #atr ^
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ATR Urges North Carolina Legislators to Reject Anti-Free Enterprise Protectionism http://t.co/RIg4ejSB
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ATR Releases 2012 List of State Taxpayer Protection Pledge Signers for May 22 Primaries http://t.co/maSodrTt
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The political media is awash in news that President Obama will propose a freeze in non-defense, non-security discretionary spending over the next three years. This will reduce the spending baseline by $250 billion over the next decade.
A few thoughts:
So what's a better idea?
The freeze is not a bad concept: it just comes a year too late. It's as if someone stumbled out of an all-you-can-eat buffet in a food coma and vowed to eat no more than that every day for the next three years.
What we need to do is back out that huge spending of 2009. Going into 2009, non-defense discretionary spending was $581 billion. The 2010 level (approved last year) of $681 billion should be pared back to this still-massive 2009 level. That would require finding $101 billion in cuts in FY 2010 spending bills (something Dr. Coburn should be able to do easily), and then keeping domestic spending at $581 billion. Oh, and it should be that way for the entire budget window.
By having a "real freeze" of $581 billion, federal spending will be almost $1 trillion less than CBO projects, which is still 97.7 percent of the spending which was going to happen anyway. Nonetheless, this would be a real step toward progress.