(Page 7 of 13)
Mr. Rotunda's article speaks clearly about the economical problems of high taxes. Odd, though, that he doesn't also write about the Fair Tax the Mike Huckabee supports. Rudy's plan is a good one. It has some solid economical ideals behind it, and Mr. Rotunda points out some of the problems with our current tax laws. The current tax code is 9 million words long, extremely complex, and is more often used as a tool of the government to control people's activities than to raise revenue for the government.
Yes, Rudy's plan is a good one. It will be good for the economy and the people. But, as many of the Republican nominees said last night on the Bush package, it doesn't do enough.
Huckabee gave good reasons for the Fair Tax last night, but not all of them. 300-500 billion dollars a year (depending on who's doing the estimation) is tied up in tax preparation every year. That's two to three times the Bush stimulus package. An estimated 13 trillion dollars are held in off-shore accounts to avoid taxes. That's almost ten times the Bush stimulus package. By the numbers, nothing would be better for our economy than the Fair Tax.
But what about the people? With prebates up to poverty level for every American household and the elimination of all federal levies, the Fair Tax would be a huge advantage for lower income workers and those on fixed budgets. People would have greater incentive to work more as all their money would be coming back into their own pockets. Companies could afford to hire more people. The United States would be the world's biggest tax haven, bringing more and more jobs onto these shores by American (and other) companies. All of these benefit the average American.
p>It would be the greatest return of power to the American people of the past two centuries. How can any conservative be against this idea? How can any conservative commenter or writer talk or write about a tax plan and not draw this comparison? br> -- Charles Campbell br> Austin, Texas /p> p> REVOLVING VAULT DOORS br> Re: Adam Creighton's Principles Before Pounds, Please : /p>
ADVERTISEMENT
SPONSORED LINKS
The speech our President should make.
A noted economist fires back.
How political can you get?
You might have missed it, but it was boomed in January.
Farcical feminism is a decades-old phenomenon, as George Will's essay from 1970 reminds us.