Tony,
There is nothing wrong with trashing the socialist friendly existing tax calculated from income, and that is why I support a return to the Founder’s original tax plan by adding the following words to our Constitution:
The Sixteenth Amendment is hereby repealed and Congress is henceforth forbidden to lay “any” tax or burden calculated from profits, gains, interest, salaries, wages, tips, inheritances or any other lawfully realized money.
But H.R. 25 would re-establish the same kind of wealth based tax as income taxation, a tax calculated from income, and do so by not requiring it to be apportioned among the states. H.R. 25 is nothing more than a new twist on income taxation as it calculates the amont of tax to be paid from the value of property!
H.R. 25 would also create the largest entitlement program in the history of America under its family consumption allowance___ an entitlement which is estimated would cost $ 600 BILLION a year, and the cost of this entitlement to the American Taxpayers would make the projected cost of Hilary Health Care look like chicken feed.
In addition, under H.R. 25, those who do not contribute into the common treasury may receive the entitlement upon registering with government. For example, un-wed moms, who now sit at home and make babies to increase their monthly government check, would be receiving a bonus of about $ 400 per month, just to sit at home and make babies which hard working Americans are then forced to support!
H.R. 25 is a windfall to the slugs and leaches in our society, and, would be a gift to Senator Ted Socialist Kennedy and his disciples in Congress who would gladly promise to increase the family consumption allowance to buy votes and remain in power!
I could go down the list but the bottom line is, H.R. 25 is not what it appears on is surface!
Regards,
JWK
“In matters of Power, let no more be heard of confidence in men, but bind him down from mischief by the chains of the Constitution”—Jefferson