South Carolina Ping
I've also heard many conservatives criticize Lindsey Graham for being a moderate. Well here he is co-sponsoring this bill to eliminate the income tax.
Sounds like a spin off of the 'Fair Tax', which I'm a strong supporter of.
Puhleeze end the personal income tax! It's killing me and all self-employed persons. I am even turning down work because I can't afford to pay the taxes on the income I would make from it.
fyi
I always considered myself a Flat Taxer, but this sounds pretty damn good to me.
This tax policy is working quite well in Michigan which has the distinction of the highest unemployment in the nation.
Tax Reform Panel, my ass.
He should just copy the fairtax, the ultimate solution for our current tax system failure/nightmare.
Then why is he trying to pull the wool over our eyes with this rope-a-dope? Corporate income taxes would be replaced by an 8.5 percent business transfer tax charged during purchases of supplies or equipment. Guess who really winds up paying both ends? If you guess the corporations you're wrong. The consumer ultimately pays both. This is a ploy crooks..er... I mean politicians have always used to hide taxes from us. They'll make the mean ol' corporation pay. Yeah, right!
Well done, Parliament of Whores.
Barely a first term senator, DeMint is already getting the ball rolling. He is a true conservative leader and has a bright future in politics. I've also heard many conservatives criticize Lindsey Graham for being a moderate. Well here he is co-sponsoring this bill to eliminate the income tax.
Hmmm, wonder if the honerable Senators from S.C. have read the Constitution lately?
All Bills for raising Revenue shall originate in the House of Representatives;
It is one thing to to propose an amendment to an existing bill up for consideration having originated in the House. Another altogether if Senators are now taking on House authorities.
Sen DeMint has taken the Fair Tax, screwed with it and now offers his own plan. Jim, with all due respect, why not just go with the Fair Tax as proposed in HR-25? Why are you reinventing the wheel? And, the Senate doesn't originate tax bills, the House does this job.
If anyone would like to be added to this ping list let me know.
John Linder in the House(HR25) & Saxby Chambliss Senate(S25) offer a comprehensive bill to kill all income and SS/Medicare payroll taxes outright and replace them with with a national retail sales tax administered by the states.
H.R.25,S.25
A bill to promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national retail sales tax to be administered primarily by the States.Refer for additional information:
Lindsey Graham IS a conservative... but he is too willing to sell out for political expediency.
I'll give credit where it's due. Graham deserves kudos for his role in this.
Hopefully this will pass.
Some academic in NY (a decent one, for once) a few years back came up with the concept of a 1% "transaction tax". It's just that.......a 1% tax on EVERY transaction. The revenue it would generate was nothing short of...............staggering.
I need to see if I can dig up a link or some-such. It was truly an amazing thing to read about.
Damn..........FOUND it!!!! (Called "The Freedom Fee") Give it a read. I want some of you FAR more intelligent types here to give me your opinion(s).
http://www.freedomdispatch.org/freedom.htm
IMHO, we as Americans, can certainly get the job done without rifling one another's pocketbooks and bank accounts.......