Tuesday, March 20, 2007

Ron Paul On Taxes

By Ron Paul

October 16, 2006

In Washington we hear a lot of talk about tax cuts, but the rhetoric does not always match the reality. For most Americans, taxes remain too complex and too high. After the tumult of the upcoming midterm election, it is imperative that Congress gets back to basics and addresses our terrible tax system.

Lower taxes benefit all Americans by increasing economic growth and encouraging wealth creation. I’m in favor of cutting everybody’s taxes – rich, poor, and otherwise. Whether a tax cut reduces a single mother’s payroll taxes by forty dollars a month, or allows a business owner to save thousands in capital gains and hire more employees, the net effect is beneficial. Both either spend, save, or invest the extra dollars, which helps all of us more than if those dollars were sent to the black hole known as the federal Treasury.

Many conservatives have touted the Fair Tax proposal as an issue in the upcoming election. A pure consumption tax like the Fair Tax would be better than the current system only if we truly did away with the income tax by repealing the 16th amendment. Otherwise, we could end up with both the income tax and a national sales tax. A consumption tax also provides more transparency and less complexity. But the real issue is total spending by government, not tax reform. In other words, why change the tax structure if spending stays the same? Once we accept that the federal government needs $2.7 trillion from us-- and more each year-- the only question left is from whom it will be collected. Until the federal government is held to its proper constitutionally limited functions, tax reform will remain a mirage.

Read more here.

2 Comments:

Blogger Tuva or bust said...

Kook alert.

"I AM THE REINCARNATED SPIRIT OF JESUS OF NAZARETH. There have been
Christs all through time and after carefully assessing the general lack of welcome that all of these Christs have had, I have concluded that I AM THAT CHRIST, that my journey through time has been as a CHRIST in EACH LIFETIME."

and

"I AM JESUS OF NAZARETH REINCARNATED. There is NO ONE
ALIVE TODAY who can successfully refute this INARGUABLE TRUTH because it IS INARGUABLE TRUTH. But watch the children swarm from their sandboxes to to give it the old schoolyard try. SATANIC isn't it?"

Raymond Ronald Karczewski© -- Living Christ

2:45 PM  
Blogger TruePatriot said...

If your last paragraph wasn't so tragically true, it'd be funny...

The treasonous government has almost completely decimated the middle class, by allowing the massive influx of illegal immigration & the export of this country's jobs.

Soon, this administration will have achieved the goal(s) of the globalist puppetmasters, by casting this (once)great nation in to an economic peril not seens since the great depression of the 30`s. Then they'll provide the nefarious solution... The North American Union in unison with the Amero.

WAKE UP FELLOW CITIZENS... BEFORE IT'S TOO LATE!!!

11:26 PM  

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