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-
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
Email
PrintEvery Time You Look at the
Simpson-Bowles Tax Hike, It's Bigger
The Simpson-Bowles tax hike can be compared to the message written on rear-view car mirrors: "objects are bigger than they appear."
It seems like every time someone takes a look at the Simpson-Bowles tax hike, it gets bigger.
First, the Simpson-Bowles report itself claims that it is a tax hike of about $1.3 trillion over a decade. We've detailed that report here. That makes the ratio of supposed spending cuts to tax hikes 3-1.
Then, Congressman Paul Ryan (R-Wisc.), who opposed the report in part because of the tax hikes, said that he thought it was more like a $2 trillion tax hike. That makes the ratio of supposed spending cuts to tax hikes 2-1. He faults the commission for not including the Social Security payroll tax hike in their plan, and for not using a realistic baseline.
Finally, Brian Riedl at Heritage did his own study in which he claims the tax hike is closer to $3.3 trillion. This would make the ratio is dead even. He thinks the baseline the commission is using is not close enough to a reasonable expectation of current policy.
It was bad enough when President Reagan got tricked into a 3-1 spending-tax ratio in 1982 and when President George H.W. Bush got tricked into a 2-1 spending-tax ratio in 1990. Each time, the tax hikes were real and the spending cuts never materialized. But now it seems those supporting this commission may have in fact signed off on a 1-1 ratio of real tax hikes and fake spending cuts.
Where's Lucy and her football again?
Posted by Ryan Ellis 
on Monday, December 6, 2010 6:29 PM EST
on Monday, December 6, 2010 6:29 PM ESTTo follow Ryan Ellis's RSS feed click here. To follow them on Twitter, their handle is @ryanlellis
