Skip to comments.L.A. Times Column: A tax reform fairy tale (GOP Proposals are entertaining but imaginary)
Posted on 11/01/2011 6:32:07 AM PDT by SeekAndFind
Tax reform proposals are the political equivalent of science fiction: entertaining but imaginary. No tax proposal ever passes through Congress unscathed. There are too many interests that believe their survival depends on tax preferences hence the tax code's immutable tendency to accumulate complexities as a ship collects barnacles.
Still, presidential candidates' tax proposals are useful windows into their philosophies. Should income taxes on the wealthy go up or down? Should income from investments be taxed at a different rate than income from labor? And should "tax reform," a goal everyone embraces, be used as a tool to shrink the federal government or to increase revenues?
This year's GOP presidential candidates have offered three markedly different approaches to the issue a reflection, in effect, of three distinct temperaments. One, from Mitt Romney, is cautious and incremental. A second, from Herman Cain, is radical and impulsive. A third, from Rick Perry, is in-between: a plan that proclaims itself radical but turns out, on closer inspection, to be a mix of radical rhetoric and pragmatic calculation.
The most eye-catching comes from Herman Cain, the former pizza magnate, who has trumpeted a "9-9-9" plan: a 9% income tax, a 9% corporate tax and a 9% national sales tax. When voters noticed that the burden would fall disproportionately on low-income families, Cain cheerfully offered to exempt the poor from income tax and made no real attempt to calculate the impact of that change on the federal budget, as if the numbers didn't really matter.
(Excerpt) Read more at latimes.com ...
More Americans then ever are now aware that we cannot close our eyes and pretend we do not face a fundamental Government fiscal crisis/
So the good little Progressivebot Junk media authors like this can put their hands over their ears and scream “no-no-no” all they want that does not magically change their opinions to facts.
Statists like this scribbler McManus, will never accept free-enterprise principles. Because they're statists. And clowns like McManus thrive as tools of the Big Statists.
There shall NEVER be a change from a political tax system.