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In new @DailyCaller op-ed, @GroverNorquist urges Congress to question IRS agents involved in this scandal: http://t.co/M0gV2GpQ9G
May 14, 2013 02:30 PM
taxreformer -
Gov. Bob McDonnell Signs Largest Tax Hike in Virginia History into Law: http://t.co/iENksi7uQi
May 14, 2013 02:01 PM
taxreformer -
IRS tax return preparation invites a conflict of interest: http://t.co/oKvpIofu7Y
May 14, 2013 01:30 PM
taxreformer -
These destructive #Obamacare tax hikes will soon be implemented: http://t.co/opFkyf1guJ
May 14, 2013 01:01 PM
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"Saying the Marketplace Fairness Act is fair is like saying the Affordable Care Act makes health care affordable" -@MarshaBlackburn
May 14, 2013 12:30 PM
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"I can't believe #Obamacare led to higher health care costs," said no economist ever: http://t.co/J6dfnKqFYZ
May 14, 2013 12:01 PM
taxreformer -
#Obamacare's 10% tanning tax hits salon owners and customers, most of which are women: http://t.co/dJuaGAT9LE
May 14, 2013 11:01 AM
taxreformer -
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
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Obama's PAYGO Plan Means
Automatic Tax Hikes
President Obama yesterday submitted a plan for PAYGO to return. Under his plan, the Administration would track all tax and entitlement spending throughout the year. At the end of the year, if the net effect of all tax and entitlement legislation increased the deficit over the next decade, there would be an across-the-board cut in entitlement spending.
Sounds ok, right? Not really. This is a trap, and Obama, et al are hoping that well-meaning limited government conservatives will walk right into it.
Congress would never, ever let there be an indiscriminate, across-the-board entitlement spending cut. In order to avoid this scenario, Congress will always raise taxes at least as much as they increase entitlement spending.
In other words, this PAYGO proposal would give a built in excuse to raise the short- and long-term cost of government AND practically require Congress to raise taxes to "pay for" it. And we can forget about cutting taxes anytime soon. We would need to either raise taxes somewhere else, or do the politically-unthinkable (cut entitlement spending).
It's kind of like the Doomsday Device from Dr. Strangelove. Only in this case, the inevitable outcome of action would not be nuclear war, but something almost as bad--a tax increase.
Maybe the motto should be, "how I learned to stop worrying and love tax hikes."
Posted by Ryan Ellis 
on Wednesday, June 10, 2009 3:37 PM EDT
on Wednesday, June 10, 2009 3:37 PM EDTTo follow Ryan Ellis's RSS feed click here. To follow them on Twitter, their handle is @ryanlellis
