Tax Reform ATR believes that all consumed income should be taxed one time, at one low and flat rate. Link
GET INVOLVED
ATR ON TWITTER
FOLLOW US-
Jay Old Leaves the Door Open to Tax Hikes http://t.co/A2qdFjUf
May 25, 2012 05:03 PM
taxreformer -
CoGC: Nanny State Update: Leaf Blower Bans and Mascot Crackdowns http://t.co/B0XpLd72
May 25, 2012 04:46 PM
taxreformer -
ATR Releases 2012 List of State Taxpayer Protection Pledge Signers in the Texas Primary http://t.co/GBXDf6M5
May 25, 2012 03:48 PM
taxreformer -
Key Issues Pending in LA with One Week Left in 2012 Session http://t.co/2DDDPdEi
May 25, 2012 02:32 PM
taxreformer -
RT @AAF: We are happy to announce our new lighter twitter handle @AAF. Help us spread the word with a RT.
May 25, 2012 11:06 AM
taxreformer -
RT @AAN: We are happy to announce our new lighter twitter handle @AAN. Help us spread the word with a RT.
May 25, 2012 11:06 AM
taxreformer -
Just the Facts on Big Spending http://t.co/P3pj3ZN0
May 24, 2012 03:17 PM
taxreformer -
Jim Pendergraph Supports $2 Trillion Tax Hike http://t.co/LF6ieJuZ
May 22, 2012 06:18 PM
taxreformer -
Maryland Governor Martin O’Malley: Barack Obama, Jr. http://t.co/lzrcRtSj
May 22, 2012 03:33 PM
taxreformer -
EPA's War on Fossil Fuels http://t.co/gzORlViU
May 22, 2012 02:18 PM
taxreformer
Email
Print
Share This Article
Related Articles
Tax Pledge Alert: ATR Will Keyvote Against
State Bailout Bill/Tax Hike in House Today
Tax Pledge Alert: ATR Will Keyvote Against H.R. 1586 (State Bailout Bill)
Vote in Support Violates Taxpayer Protection Pledge
Americans for Tax Reform will rate a vote AGAINST H.R. 1586 today in the House. This bill increases spending on government school funding and Medicaid. It “pays for” this new spending (in part) with $9.8 billion in income tax increases. Because this bill is a NET INCOME TAX HIKE, it violates the Taxpayer Protection Pledge that 174 Congressmen have made to their constituents and the American people.
H.R. 1586 violates the Taxpayer Protection Pledge. ATR will be key-voting against it.
The tax increases in question are all tax hikes on U.S. employers doing business overseas. By raising these taxes, it will be more likely that jobs and entire companies will be shipped overseas. The U.S. has the highest corporate income tax rate in the developed world, and double-taxes international income on top of this. Tax relief in the law is intended to combat the worst effects of this double-taxation. Removing the tax relief and raising taxes will only serve to push jobs and businesses out of the country. The proper way to handle these tax provisions is in the context of international tax reform which is—at worst—tax revenue-neutral and involves a lower corporate tax rate. Raising taxes to pay for a state budget bailout is bad economics and bad tax policy.
