Tax Reform ATR believes that all consumed income should be taxed one time, at one low and flat rate. Link
ATR’s @MDuppler explains why the IRS’ actions were more than just a “mistake” on @DailyRundown: http://t.co/jJhxG3FmnN
taxreformer
House Approves Keystone Again http://t.co/BEoBEG9lhe
taxreformer
“States are using fuzzy numbers to talk about how much they could collect from remote sales”: http://t.co/0EccRdHJT9 #NoNetTax
taxreformer
Best and worst states for economic outlook in the @ALEC_States “Rich States, Poor States” report: http://t.co/2tTAgSabuD #rsps
taxreformer
Do we really want state revenue departments with authority as limitless as the Internet?: http://t.co/gEmygwW0CU #NoNetTax
taxreformer
If the IRS scandal “was a mistake, what are the institutional problems that led to that?” -@MDuppler: http://t.co/jJhxG3FmnN
taxreformer
New @ALEC_States report predicts population migration to low-tax states: http://t.co/2tTAgSabuD #rsps
taxreformer
Check out @ALEC_States’ newest edition of “Rich States, Poor States” and see where your state ranks for 2013: http://t.co/2tTAgSabuD #rsps
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On @DailyRundown, ATR’s @MDuppler links the IRS scandal to the public’s skepticism of government: http://t.co/jJhxG3FmnN
taxreformer
ATR urges @LonnieHosey, @GarySimrill, @Leonstav, and @Harry_Ott to reject tax hikes on e-cigs: http://t.co/uZahYOqg6W
taxreformer
(This piece was originally posted on the International Liberty blog).
Those who had the misfortune of seeing President Obama go after “tax breaks for corporate jets” as part of his press conference may be wondering why he was attacking a provision that was in his so-called stimulus and enacted by a Democratic-controlled Congress in 2009.
But that’s just routine politics. The folks in the White House are probably laughing about screwing jet builders after collecting campaign money from them in exchange for that provision two years ago.
The more important thing to focus on is the way that the big spenders in the White House and elsewhere are trying to build support for a big tax increase by characterizing tax breaks as “spending in the tax code.” The left obviously hopes Republicans are so stupid that Orwellian word games are all that is needed to get them to acquiesce to legislation that would increase the amount of revenue going to Washington.
To be sure, Republicans are known as the “Stupid Party,” so anything is possible. But if GOPers can simply remember these three simple concepts, they will be in good shape.
1.Tax reform is when you get rid of special tax breaks and use the revenue to finance lower tax rates.
Under a flat tax, for instance, all the loopholes and distortions in the tax system are eliminated, and every single penny is used to finance lower tax rates. The politicians don’t get any additional revenue to waste.
But if the crowd in Washington gets rid of the tax preferences without lowering tax rates, that’s just a tax increase. It’s a less-destructive way of raising revenue, at least compared to higher tax rates, but it’s still a tax increase.
2. A tax increase is when politicians impose legislation that increases the overall burden on taxpayers and results in more revenue in Washington.
If legislation is enacted that results in more money coming into Washington, that is a tax increase. It doesn’t matter if the additional revenue is generated by eliminating a special tax break (such as for ethanol). If politicians wind up having more money to waste, that is a tax increase.
The only exception is if the additional revenue is from some sort of Laffer Curve effect – i.e., a lower tax rate that generates higher tax receipts.
3. Government spending is when politicians give you other people’s money, not when you’re allowed to keep your own money.
When politicians tax (or borrow) money from one person and give it to another, that’s government spending. But if politicians allow a person keep more of their own money, that’s a tax cut. The tax cut may be pro-growth, such as a lower tax rate. Or the tax cut may be inefficient and distorting, such as an expanded tax loophole for healthcare.
From a moral perspective (at least if one believes in the right of self-ownership), there’s a big difference between taking what someone else has produced or keeping what you have produced. Politicians want to blur that difference, but that doesn’t change reality.
I’ve already explained that left has one fiscal policy goal. They want to seduce Republicans into a tax hike. Orwellian dishonesty about tax reform is just another scheme to accomplish that goal.