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“In Curtis Greco’s new book, you’ll find out why having the right to vote is just the beginning, and why organizations who promote voter education and engagement are so important for preserving the bedrock of what makes America great for generations to come.”
-Chrissy Faessen, Rock the Vote
Tag Archives: Tax Reform
Tax Reform Update – Will Obamacare Individual Mandate Save Tax Reform?
Thinking in metaphorical terms consider the following:
Acts of Desperation are quick to dissolve one’s focus on higher purpose.
Merging Healthcare Reform with Tax Reform is, without a doubt, an act of desperation and for two good reasons:
- If Congress is unwilling to completely abandon the concept of Government Funded Healthcare in its entirety, and do so by restoring a functional Market-based architecture, then how does one expect that by the simple act of removing the funding mechanism for a failed system, which still remains, somehow forces what they’ve already failed to or have been unwilling to do will suddenly occur?
SALT: The Distortions of Privilege
Prior to the 16th Amendment (1913), and by no coincidence the very same year the Federal Reserve Act was thrust upon an unsuspecting population, direct taxes levied upon any individual (by the government) was deemed a violation of the U.S. Constitution unless it was “apportioned” among the States in a manner proportionate to that State’s population to that of the entire national census.
Posted in Poli-Finance, Poli-Philos
Tagged Corporate Tax Rate, Internal Revenue Code, State and Local Taxes, Tax Reform
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Tax Reform: Sacred Corporate Cow!
There are far too many false-truths surrounding the in-progress Tax Reform discussion each with the potential of further elevating the Corporate Juggernaut beyond the sacred cow status it presently holds, perhaps on to the omniscient deity domain.
Posted in Poli-Econ, Poli-Finance, Poli-Philos
Tagged Federal Corporate Tax Rate, global market, Tax Reform
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Skinny’s Dead; Scheming Very Much Alive!
While Republican Senators John McCain of Arizona, Lisa Murkowski of Alaska and Susan Collins of Maine stand, along with the entire Democratic Party, as front-line stewards of congestive failure, the real loss is measured in the distance between promises made and promises kept, the ideals of representative democracy and elected officials reverence for it.
It has long been my opinion and recommendation that the Repeal & Replace concept should have been sidelined until a roll-out of a Complete Replacement Plan was published. The critical issue to be observed here is this: The Senate couldn’t muster the 51 votes from either Party to pass the so-called “Skinny” Bill which further confirms the severity of the underlying problem.
Tax Plans Only Part of the Solution
As Trump (and others) talks tax-reform it is important to know that rate reductions, though significant, are only part of the solution. True, taxation often works to counter economic development, the rise of which (tax rates) follows growth in government which then trends toward economic deceleration; the facts are undeniable.
In order to trigger an economic resurgence it is insufficient to merely reduce “rates” as this action does nothing to address what occurs with the funds retained that would have otherwise gone to government coffers. The solution is to tether Corporate Tax Rates to a scale that is based on their investment in Domestic Productive Capacity and in the Technology Development that makes use of it.
Posted in Poli-Econ
Tagged corporate tax rates, domestic production, Donald Trump, Tax Reform
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