Skip to comments.Tax reform proposals to be secret for 50 years
Posted on 07/26/2013 7:40:02 AM PDT by TexasCajun
Tax reform is apparently so treacherous for senators these days that they require the utmost protection from the public -- half a century's worth.
The leaders of the Senate Finance Committee last month asked senators to submit written proposals detailing tax breaks they'd like to see preserved once the tax code is reformed and explain why. The point was to help inform committee leaders in their efforts to craft a tax reform bill.
The request apparently wasn't embraced, and the committee has now promised skittish senators that their proposals will be kept secret for 50 years.
A memo sent out on July 19 promised to mark all submissions "COMMITTEE CONFIDENTIAL. NOT FOR DISTRIBUTION. DO NOT COPY.
These materials may not be released to the public from the National Archives or by the Finance Committee prior to December 31, 2064."
(Excerpt) Read more at money.cnn.com ...
Only one tax reform is true reform.....FAIRTAX.
“Every thing secret degenerates, even the administration of justice; nothing is safe that does not show how it can bear discussion and publicity.” Lord Acton
Shadow government defined. Secession. Now more than ever, it’s the right thing to do.
Under the FairTax, all Americans consume what they see as their necessities of life free of tax. While permitting no exemptions, the FairTax (HR25/S122) provides a monthly universal prebate to ensure that each family unit can consume tax free at or beyond the poverty level, with the overall effect of making the FairTax progressive in application. There is no marriage penalty as the couple gets twice the amount that a single adult receives.
I'd be all for a flat-rate income tax with no exemptions, no credits, no rebates, and no withholdings.
They should end employers withholding taxes from employee’s paychecks whist tax reform is being debated. Make EVERYONE write a quarterly check to the IRS. There would be a tax revolt!
I once asked a friend how much he made. He said, “Well, I take home,,,,,” He really didn’t pay attention to how much was being taken from him. Another had more withheld than required, cuz he liked the big rebate check!
Probably because their plans include 401k confiscation.
Clearly we need an Amendment defining their rules for them.
Politicians don’t want their constituents to know what they are doing.....How about putting a certain percentage in cash of what you owe the Federal Government in a lock box....
I highly agree. I think that withholdings are themselves quite immoral: either stealing from the employee, or forcing the employer to perpetrate fraud.
Make EVERYONE write a quarterly check to the IRS. There would be a tax revolt!
I'd be happy if it were yearly, or twice a year.
Yes, I realize that people would crap their pants over a yearly one... for the first few years; but that's only because they've been conditioned not to think about the future WRT finances.
I once asked a friend how much he made. He said, Well, I take home,,,,, He really didnt pay attention to how much was being taken from him. Another had more withheld than required, cuz he liked the big rebate check!
Interest-free loan to the government: they must really love that sucker.
Where is Snowden when you need him?...............
Difficult to believe this is not satire, perhaps there is really no such thing as political satire these days.
I agree. It’s getting bad now...
Just about every senator has been bought by special interests which want favorable treatment from the government. That happens when government gets so big it can grant favors and benefits to selected groups or businesses over the rest of those in the economy or we little guys without a hook into government.
All these interests tell their tame senator what tax breaks, special treatment from regulators, what inside deals on government contracts, what laws or benefits they need to keep the members of the interest group happy (and contributing) or what insider trading tips they need to stay rich, etc.
The only real reform is to shrink government and make it illegal to call a bribe a campaign contribution. A simple tax plan will only happen when the senators and House members can’t reward the ones pulling their strings.
Something like this?
Tax Reform Amendment
Source material (( ping ))
“I’d be happy if it were yearly, or twice a year.”
I still think quarterly would force action on tax reform more quickly. People would freak! They’d demand reform, and they demand the govt. cut spending radically.
Snowden wasn’t upset with the tax system. He was angered that Obama wasn’t following up on all of his promises to the far left fast enough.