CAVUTO REPORTS THAT BUSH CONSIDERING SCRAPPING THE IRS CODE!!!

Fox News Channel | November 6, 2002 | n/a

[Tree of Liberty]

Neil Cavuto just interviewed Mitchell E. Daniels, Jr., the director of the OMB, and Neil let it be known that he's hearing rumblings that Pres. Bush is considering a total re-write of the tax code and that SecTreas O'Neill is strongly pushing a national retail sales tax!

[Howlin]

I'm still dreaming right?

I feel the same way!

[Temple Owl]

Don't get yhour hopes up.Phil Graham and Dick Armey spent months on tour debating the merits of a sales tax vs. an income tax. Nothing ever happened. Arlen (Wishy Washy) Specter ran for president flashing a postcard- sized tax form. After he was booted from the race, he never mentioned it again.

I'm an optimist, but ..... Hey, I didn't think we were going to win the Senate either.

[TheErnFormerlyKnownAsBig]

Jim, did you see the Mondale concession speech? did you catch the guy (mondale's son?) behind him mouthing every word mondale spoke, like he was reciting a speech written beforehand?

[TheDon]

I just love people who say something can't be done! :^)

[dixie sass]

Rubbing it in the Dems face again,Isthisnickcool. Well go for it! Today is for gloating and chest-bursting pride. Tomorrow we have to start working and working hard to show that the Republicans and conservatives in this country are not will-o'the-wisps. That we can and will make changes, both economically and domestically that will count.

But everyone of had better remember one thing. This is not going to be easy, nor will we win every battle or skirmish and we cannot sit back on our haunches and do nothing.

Just because we have Congress and the WhiteHouse doesn't mean a thing without participation by the PEOPLE of this country getting out and doing the scut work. You, me and joe blow down the street are as instrumental in moving this country forward as any person that we elect, sometimes maybe more so.

The battle cry from me is PULL TOGETHER AND WE WILL WIN! We have done it before and we CAN do again. Cats maybe individuals, but they can work together for the common good of thier community.

[Phantom Lord]

Forbes got his butt kicked because, well, he's Steve Forbes! Aside from the geek factor, he had the richer than god factor going against him when proposing tax reforms to 'the little people'.

Forbes had the message, but he is not the right messenger.

As far as saving for retirement, the GOP has been trying to increase donation limits to said accounts and have had some success but constantly run into the RATS class-baiting campaigns and are unable to counter the RATS when they yell "THE RICH!"

[Dallas]

LET THE PEEPLE VOTE ON IT ....after a year of debate, and a full disclosure of the pitfalls, loopholds, etc. Also, after a computer model is run on a mass sampling of individuals/corporations.

At least if it flops, the GOP can't be blamed.

[William Terrell]

Have any of you seen and understood the bills that have been floated to impliment the NRST to date? Do you have any conception of the rates you will be paying, over the state sales tax, and do any of you have any idea of what the implimentation of an NRST will do to the relationship between the federal government and the states?

We are just beginning to see a recovery in the power of the states against the federal government. An NRST will destroy that.

Do you realize that the rate will be closer to 28% to 30%, without the 6% to 10% state sales tax? And everything new sold without exception will carry that rate, groceries, internet connections?

Scrapping the IRS and income tax code is all well and fine, but realize that the 16th amendment will have to be repealed first, and do any out here have a idea of the time required to ratify such an amendment?

What if the congress allowed the NRST to go forward with a promise to repeal the 16th, and Oh my! we just can get enough states to reatify the repealing amendment.

How would social security be funded? It would be a portion of the NRST, but it would have to maintain the level it currently is, by law. If there were a great move to used products, then the level of NRST will fall and require a hike in the rate either directly or indirectly to get it back to level.

You have to realize that the federal government is not going to take a pay cut, so you will not be relieved of the confiscatory amount of money you send to the fed, just how it is collected. It has been said that collecting payroll taxes and other expenses related to the income and FICA will be rolled back thereby actually lowering item prices.

First, there is no way that could be demanded by law; it would have to be voluntary on the part of businesses, starting at manufacturing and trickling up to retain, where the tax is collected. Everyone is more or less comfortable with prices as they are. An additional NRST will reaise prices dramatically and thoroughly mask the failure to not remove the old income tax price padding.

The income tax law grew from about 90 pages to 90,000 pages, if I remember correctly, over its life. Rates increased from about 1% to what it is now. Every day there are people protesting the confiscatory tax by refusing to pay it, and that very same behavior was the reason that congress scaled back on the brutal tactics of the IRS in the middle '80s.

This public resistance tends to keep abuse in check. With a NRST, the only way for an ordinary citizen to check abuse will be to not buy food, clothing, heating oil, electricity and gas. Who out here thinks that the rates and ceilings won't be raised and raised, like the income tax was?

Instead of just clicking your heels, you should be inventigating the host of details. That's where this particular devil lies. YOu think the income tax is bad. Just wait a couple years after an NRST and a couple rate hikes.

[Phantom Lord]

Cigarettes are far more of a black market commodity than you would believe. Infact, in Canada, where tobacco taxes are very high compared to the US drug dealers have switched from drugs to cigarettes. When asked why they respond, because the money is just as good and the penalties are far less if caught.

[dixie sass]

Thanks Bigun. Did you link the other tax article from last week to this one?

[RaceBannon]

I was one who said they would never do it...let's see if I am wrong!!

[Jim Robinson]

Is that what that was. I had FOX News on in the background and heard him talking, but wasn't paying any attention to what he was saying. Well, anyway, back to retirement for Mondale. They can pull him out of moth balls again later if they need a little spark in their campaigns. Maybe next time they can talk Dole out of some Viagra. LOL

[nocommies]

that rationale doesnt work, because with a sales tax, EVERYONE will be paying the taxes, not just 50% of the enslaved as it is now. the voice of ALL will be heard at the polls if the sales tax creeps up to 28%, not just the minority in this country that currently pays the lion's share of the taxes.

[mil-vet]

Not meaning to appear argumentative, because my sole goal here is to lower the tax burden (while recognizing gov't must be funded, somehow!), but the "cheaters" argument sounds like someone trying to legalize drugs so we can (for the first time) tax drug sales and tax income of drug sellers. I know there are cheaters, but I also know that these are a relative "drop in the bucket"!

I looked at what I spend in a retail sense, and I see what the "fair tax" people are proposing as a sales tax percentage, and I lose money! I would pay more tax than I do to the stinking IRS! That makes me AGAINST a federal sales tax! Heck, if I could keep one year's IRS money for myself, I would be debt-free except for my house payment.

I couldn't agree more that the income tax as it is cannot be justified or defended and needs to go away, along with the IRS, but the sales tax proposals I've seen take more from me more than the IRS currently does, so I CANNOT support it!!!

[RaceBannon]

Bend over, here it comes again. A "national retail sales tax" is not constitutional, neither is a "flat tax." Neither is the fiat currency system that we currently "enjoy" which is the enabler of all of the social welfare programs and legions of bureaucrats ruining this country. People need to study history a little more. I'll crawl back under my bridge now

It would certainly be a tax on the poor, while it would be 'fairer' to tax all the ssame rate for income, it would not be fair to tax someone on expenditure without some sort of non-taxable commodities put on a no-tax list.

Poor people do not buy cars at any high rate, rich people do, and they may pay more per price in tax, they have the money to. Poor do not have the extra cash. HOWEVER, if they have less taken out of their check...and if they save it...

[ladyjane]

Be careful what you wish for. Every change in the tax code causes repercussions. Think about it. What do you think your house will be worth if you have to pay a sales tax when you sell it? If you can't deduct your mortgage interest? Would you ever again buy anything in NYC if you had to pay city, state, federal and maybe excise tax? Of course they'd start taxing everything sold through the internet.Ah hah, that's what they're after. They'll compromise on a sales tax for all interstate goods. Think of all the money the dims will have to spend...at least until we have a major depression that the new taxes cause.

[ThinkDifferent]

I looked at what I spend in a retail sense, and I see what the "fair tax" people are proposing as a sales tax percentage, and I lose money!

Are you factoring in the reduction in pre-tax price due to the lower tax burden on producers?

[nocommies]

could you please be so bright as to say you support it, with a LOWER rate? what do you support? continued income tax with irs audits and property seizures?? boy, youd sure make a good leader of a revolution.

[nocommies]

then according to you, the dims would SUPPORT the sales tax, right? why dont any of them now?

[agitator]

Please see my previous comments re: Hamilton on excises