Tax Reform ATR believes that all consumed income should be taxed one time, at one low and flat rate. Link
Has your Governor Issued a Proclamation Honoring Ronald Reagan on Feb 6th ? http://t.co/bHatxoTg
taxreformer
RT @timothy_stanley: Just interviewed @GroverNorquist. Flipped my view of the recession/election: recovery due to stopping Obama tax hik ...
timothy_stanley
RT @GroverNorquist: Reagan Birthday proclamations by 34 Governors, both R and D (Utah & Nevada just joined) 16 bitter D Govs fail test o ...
GroverNorquist
CoGC: House Republicans Lead on Budget Honesty http://t.co/wHJpzOC1
taxreformer
RT @MDuppler: Follow the Money taping - tonight 10 pm EST on Fox Biz (@ Fox News Washington Bureau) http://t.co/41Rucj7n
MDuppler
CoGC: CoGC & ATR Support Travel Transparency Act http://t.co/cSfR6qtD
taxreformer
RT @RepPaulRyan: .@SenateDems confirm they’ve given up on budgeting. What a disgrace. Reid's refusal to budget is a recipe for crisis. h ...
RepPaulRyan
Did Bernanke See His Shadow? http://t.co/7Kl720bo
taxreformer
The Top Five Tax Polling Questions Anyone Would Ever Need to Know http://t.co/qU1LcVuR
taxreformer
ATR Applauds House Republican Energy Policy http://t.co/GQ15wJ2p
taxreformer
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.