Tax Reform ATR believes that all consumed income should be taxed one time, at one low and flat rate. Link
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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
taxreformer -
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
taxreformer -
Virginia Governor Bob McDonnell Signs Largest Tax Hike in Virginia History into Law http://t.co/Qd6KOFfaPv
May 13, 2013 03:46 PM
taxreformer -
Under #Obamacare, mothers have had a tougher time purchasing non-prescription, over-the-counter medicine: http://t.co/dJuaGAT9LE
May 13, 2013 02:01 PM
taxreformer -
9 out of 20 #Obamacare tax hikes have not even been implemented yet: http://t.co/opFkyf1guJ
May 13, 2013 01:30 PM
taxreformer -
.@GroverNorquist on MFA: "[The Senate] didn't ask all of the questions that needed to be asked": http://t.co/wXfkIR2Ca9 #NoNetTax
May 13, 2013 01:01 PM
taxreformer -
"When architects of #Obamacare are worried about it creating a trainwreck, you know something's gone terribly wrong": http://t.co/J6dfnKqFYZ
May 13, 2013 12:30 PM
taxreformer -
Conservative and Free Market Groups Applaud Move to Delay a Vote on Gina McCarthy: http://t.co/lNQYmJAB12 #EPA
May 13, 2013 12:02 PM
taxreformer -
The #Obamacare train wreck will derail the American economy: http://t.co/opFkyf1guJ
May 13, 2013 11:30 AM
taxreformer
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Taxmageddon Gridlock Costing the U.S. Jobs and Growth
The President and Senate's gridlock over Taxmageddon negotiations have proven to be costly to U.S. economic growth and jobs.
The National Association of Manufacturers (NAM) released a report today estimating that the U.S. economy could lose as much as 12.8 percent in GDP and 6 million jobs over the next three years if Taxmageddon budget negotiations are not resolved. The NAM projects unemployment to rise to over 11 percent under the scenario given and for real disposable income of families to plummet by 10 percent.
Almost as alarming as the potential effects of Taxmageddon are the economic costs sustained thus far because of Washington’s failure to act. According to the report, gridlock in Washington has already cost the economy 0.6 percentage points in GDP growth for 2012 and one million jobs.
With the Republican-led House having passed legislation to avert most of Taxmageddon (as opposed to the Senate’s bill that avoids it on a much smaller scale), it is evident President Obama and Democrats in the Senate are to blame for the uncertainty families and small employers have over a “fiscal cliff” that would raise their taxes by $3,500.
President Obama has made his stance on Taxmageddon known by saying he would veto any bill that did not raise taxes on high-income earners, many of whom are small employers. The President’s threat of veto is grossly partisan and unethical as it holds the financial future of families and small employers captive for political gain.
For a President who has touted ending partisan politics, he is doing more than his fair share of increasing division and gridlock in Congress at the expense of taxpayers.
