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Keyword: axixofevil

Brevity: Headers | « Text »
  • Raid Revelation (Getting briefed on World War III)

    10/23/2007 8:39:24 AM PDT · by milwguy · 24 replies · 22+ views
    nro ^ | 10/22/2007 | stanley kurtz
    If people had known how close we came to World War III that day there would have been mass panic. That is how a very senior British ministerial source recently characterized Israel’s September raid on what was apparently a Syrian nuclear installation. Whether matters were quite that grave is an open question. Yet it does seem clear that the full story of the Israeli raid has not been told, nor its full significance recognized. Now two key members of Congress have raised an alarm about this event, thereby throwing our nuclear agreement with North Korea into question. Briefings Peter Hoekstra...
  • Obama would consider missile strikes on Iran

    09/25/2004 6:24:56 AM PDT · by Land_of_Lincoln_John · 21 replies · 703+ views
    Chicago Tribune ^ | September 25, 2004 | David Mendell
    U.S. Senate candidate Barack Obama suggested Friday that the United States one day might have to launch surgical missile strikes into Iran and Pakistan to keep extremists from getting control of nuclear bombs. Obama, a Democratic state senator from the Hyde Park neighborhood, made the remarks during a meeting Friday with the Tribune editorial board. Obama's Republican opponent, Alan Keyes, was invited to attend the same session but declined. Iran announced on Tuesday that it has begun converting tons of uranium into gas, a crucial step in making fuel for a nuclear reactor or a nuclear bomb. The International Atomic...
  • MY Letter to Rep. Linder

    07/22/2004 6:36:36 PM PDT · by Remember_Salamis · 3 replies · 316+ views
    July 22nd, 2004 | Remember_Salamis
    Dear Mr. Linder, I am an avid supporter of the FairTax and have studied the problem quite in-depth over the past year. Americans across the board will benefit from the FairTax National Retail Sales Tax (NRST) -- except for tax lawyers. I often debate the FairTax with friends, both fellow supporters and opponents, and the leading argument against an NRST is the feasibility of enforcing it. Many believe an NRST with such a large tax base cannot be implemented; I tend to disagree. Recently, I have argued that the best way to get the FairTax implemented would be to prove...
  • Reform Reborn (Social Security bills)

    07/22/2004 9:40:25 AM PDT · by Akira · 11 replies · 388+ views
    National Review Online ^ | July 22, 2004 | Ramesh Ponnuru
    In 2000, then-Gov. George W. Bush introduced the idea of letting workers invest some of their Social Security funds into presidential politics. This year, however, he has been less vocal about the issue, largely out of deference to House Republican leaders who worry that reform is a vote loser. Now some congressmen are stepping forward to make it clear that not everyone in the House Republican conference is afraid of the issue. Rep. Paul Ryan (Wisc.) introduced a private-account bill this week. Another one was introduced by Sam Johnson (Tex.), with Reps. Jeff Flake (Ariz.) and Pat Toomey (Penn.) as...
  • Linder votes for Tax Simplification and Relief Bills

    07/22/2004 8:56:51 AM PDT · by ancient_geezer · 9 replies · 317+ views
    The Weekly ^ | 22 July, 2004 | unk
    Linder votes for Tax Simplification and  Relief BillsHouse Republicans Continue to Provide Tax Relief Washington, D.C. (July 22) - Congressman John Linder (R-GA) joined with a majority of his House colleagues yesterday to simplify the tax code. Both tax bills passed the House, largely on party lines.    "The Republican Majority is committed to providing hard working Americans with tax relief," Linder stated. "The passage of these two tax simplification bills will allow our economy to continue to move forward with less complexity."     H.R. 4840, sponsored by Representative Phil Crane (R-IL), helps small business by encouraging investment and simplifying...
  • A Serious Threat to Philanthropic Freedom

    07/20/2004 6:55:44 AM PDT · by phil_will1 · 9 replies · 434+ views
    This fall the Senate Finance Committee plans to introduce new legislation covering private foundations, donor-advised funds, public charities, and other tax-exempt organizations. As reported in our cover story, Senator Charles E. Grassley (R-Iowa), chairman of the Finance Committee, held hearings on this subject on June 22, 2004, and released on June 21, a staff-prepared "discussion draft" outlining possible proposals for the forthcoming legislation. The Philanthropy Roundtable believes that a number of proposals in the discussion draft would seriously harm philanthropy, civil society, and the vision of "a nation of citizens, not spectators," articulated by President George W. Bush in his...
  • Hunt for Nonfilers Turns up Millionaires, Lawyers, CPAs

    07/19/2004 8:37:15 AM PDT · by ancient_geezer · 14 replies · 961+ views
    AccountingWEB.com ^ | Jul-19-2004 | unk
    Hunt for Nonfilers Turns up Millionaires, Lawyers, CPAs AccountingWEB.com - Jul-19-2004 - In a crackdown on people who have not filed their tax returns, state and federal officials are finding millionaires, medical professionals, lawyers and other heavy hitters. For example, the suspected list of nonfilers in California for 2002 includes 865 millionaires, 6,756 lawyers, 1,458 CPAs and 20,473 medical professionals, the Wall Street Journal reported. Taxpayers who still haven't filed "have some explaining to do," said Steve Westly, the state controller and chairman of the California Franchise Tax Board. Some people don’t file on time due to health problems or family crises....
  • How to Deregulate Insurance, Tame Malpractice, End 3rd-Party Healthcare, and Desocialize Medicare

    07/17/2004 2:29:42 AM PDT · by Remember_Salamis · 14 replies · 752+ views
    Citizens For A New Contract With America | July 16th, 2004 | Remember_Salamis
    How to Deregulate Insurance, Tame Malpractice Awards, End Employee-Provided Healthcare, and Desocialize Medicare By Remember_Salamis (My Name Removed) Citizens for a New Contract with America Insurance Deregulation – Nearly every state in the nation has mandated health insurance benefit laws. Mandated health insurance benefit laws require that insurers provide at least a set group of benefits. Many times, these mandates demand that alcoholism be covered, mental health, acupuncture, massage therapy, and possibly even cosmetic surgery in the future (the media’s “obesity epidemic” may prompt states to mandate coverage for liposuction and stomach staples). Most of these mandates are unnecessary, adding...
  • The unsoaked rich

    07/16/2004 7:48:10 PM PDT · by Graybeard58 · 21 replies · 926+ views
    Waterbury Republican-American ^ | July 16, 2004 | Editorial
    When it comes to paying taxes, the Democratic mantra is always "soak the rich." Need money for pork? Soak the rich. Running a big deficit? Soak the rich. Just feel like soaking the rich? Soak the rich. Over the years, the philosophy of balancing government budgets on the backs of achievers has been chiseled into local, state and federal tax laws, and is manifest in the many ways Democrats scheme to separate "the rich" from their money. We will concede they're right about one thing: the rich don't pay their "fair share." In Connecticut, the top 10 percent of wage-earners...
  • A Modest (FairTax) Proposal

    07/14/2004 8:12:52 PM PDT · by Remember_Salamis · 77 replies · 706+ views
    July 14th, 2004 | Remember_Salamis
    I'm a huge FairTax supporter and want the ENTIRE tax system replaced by a 23% NRST. But I've been thinking: What if we first just move payroll taxes into a new NRST, both employee and employer shares (all 15.3%). The Payroll NRST would be anywhere from 6.5% to 8.5% without a rebate. It would be regressive, just like the current payroll tax. I haven't crunched the numbers yet on wher it would fall in that 6.5% - 8.5% range. One of the benefits of doing this is proving that a NRST WORKS and is FEASIBLE. Once we've proven that it...
  • Dems call for simpler taxes

    07/14/2004 7:59:17 PM PDT · by ancient_geezer · 67 replies · 877+ views
    The Hill.com ^ | July 15, 2004 | Hans Nichols
    Dems call for simpler taxes By Hans Nichols House Democrats plan to take the argument for tax simplification to voters this fall, thus venturing into traditional Republican territory. Minority Whip Steny Hoyer (D-Md.) will lead the charge, accusing the Republicans of complicating the tax code for individual filers and smalls businesses. Republicans spent 40 months of their rule making the tax code more complicated, asserts Rep. Steny Hoyer (D-Md.). The move appears to be a classic “triangulation” tactic, so named by former presidential adviser Dick Morris, in which one party colonizes political territory traditionally occupied by its opposition. Republicans say...
  • The underground economy

    07/13/2004 9:34:54 AM PDT · by Remember_Salamis · 60 replies · 1,701+ views
    Townhall ^ | July 13, 2004 | Bruce Bartlett
    The underground economy Bruce Bartlett (archive) July 13, 2004 Last week, the Organization for Economic Cooperation and Development in Paris issued a new report on the underground economy. This is only the latest study showing that a large fraction of employment and production in major countries as well as developing nations is taking place off the books, unrecorded in national accounts and untaxed by governments. According to the report, the underground economy varies from 1.5 percent of gross domestic product in the United Kingdom to almost half in the Kyrgyz Republic. The OECD does not present data for the United...
  • A Dime's Worth Of Difference? (Liberal Republicans Say "NON!" To Tax Cuts)

    07/11/2004 9:26:00 PM PDT · by goldstategop · 314 replies · 2,473+ views
    OpinionJournal.com ^ | 7/11/04 | Pete Du Pont
    An important and serious argument is going on in Washington about whether taxes on Americans' incomes should stay where they are or dramatically rise, and whether government spending should continue its accelerating growth. We know what Democrats think. They despise tax cuts and believe government spending should be higher. Washington Republicans, on the other hand, are unsure of themselves. They used to be for lower taxes and smaller government; now they seem to want bigger spending even if it means higher taxes, abandoning Reagan conservatism for '60s liberalism. In other words, this is a battle for the heart of the...
  • The Most Insidious Tax

    07/11/2004 6:49:32 AM PDT · by LowCountryJoe · 17 replies · 816+ views
    Foundation for Economic Education ^ | July 2004 | Dale Haywood
    The Most Insidious Tax People don’t generally spend and invest other people’s money as carefully as they do their own. This single, simple fact goes a long way toward explaining why capitalism works and statism doesn’t. Private property, which enables people to spend and invest their own money, is a central feature of capitalism. Indeed, private property is the key feature of capitalism. But property can be eroded subtly. Specifically, people’s money can be quietly shifted from the private sector to the public sector. That constitutes a transfer of resources from profit-seeking investors to vote-seeking politicians. This process weakens capitalism...
  • How the FairTax Will Renew America (FairTax Thread #3 -Health Care)

    07/09/2004 10:16:17 PM PDT · by Remember_Salamis · 82 replies · 760+ views
    July 9th ,2004 | Remember_Salamis
    <p>We must replace the income tax with a national retail sales tax (NRST), also known as the FairTax. This can be accomplished by passing the Fair Tax Act of 2003, known in the House as HR 25 and in the Senate as S 1493. The FairTax would replace all income and payroll taxes for both individuals and businesses with a tax-inclusive 23% NRST. Only goods and services purchased at the retail level would be taxed, while all goods and services purchased by businesses would not be. Because taxes will only be collected at the sales counter, there will no longer be any capital gains taxes on savings and investment. In order to ensure that we don’t end up with an income tax and a NRST, we must also repeal the 16th Amendment.</p>
  • FairTax Thread #2 (On Manufacturing)

    07/07/2004 9:34:29 PM PDT · by Remember_Salamis · 35 replies · 770+ views
    July 7th, 2004 | Remember_Salamis
    How the FairTax Will Renew America By Remember_Salamis (My Name Removed) Citizens for a New Contract with America We must replace the income tax with a national retail sales tax (NRST), also known as the FairTax. This can be accomplished by passing the Fair Tax Act of 2003, known in the House as HR 25 and in the Senate as S 1493. The FairTax would replace all income and payroll taxes for both individuals and businesses with a tax-inclusive 23% NRST. Only goods and services purchased at the retail level would be taxed, while all goods and services purchased by...
  • FairTax Thread #1 (On Investment)

    07/06/2004 4:09:13 PM PDT · by Remember_Salamis · 93 replies · 949+ views
    Citizens For A New Contract With America | July 6th, 2004 | Remember_Salamis
    The FairTax and Investing We must replace the income tax with a national retail sales tax (NRST), also known as the FairTax. This can be accomplished by passing the Fair Tax Act of 2003, known in the House as HR 25 and in the Senate as S 1493. The FairTax would replace all income and payroll taxes for both individuals and businesses with a tax-inclusive 23% NRST. Only goods and services purchased at the retail level would be taxed, while all goods and services purchased by businesses would not be. Because taxes will only be collected at the sales counter,...
  • USA Berates Cayman

    07/05/2004 2:49:03 PM PDT · by phil_will1 · 49 replies · 925+ views
    Cayman Net News ^ | Friday, July 2, 2004
    A recent United States Federal Government report produced by its General Accounting Office (GAO) shows that the Cayman Islands is home to subsidiaries of more than 150 US corporations, leading to criticism from officials in that country. Twenty-four of the 100 largest contractors with the US Federal Government, including Altria Group, Oracle and Procter & Gamble, have subsidiaries in the Cayman Islands according to report by the GAO, the US Congress's investigative arm. Those 24 companies received a total of $35 billion from the US government in 2001, the GAO found. "They are shortchanging our country even as they profit...
  • A Bold Vision to Bring Conservative Common Sense to the United States Senate

    07/02/2004 7:26:51 PM PDT · by NewLand · 23 replies · 367+ views
    Herman Cain for US Senate ^ | July 2, 2004 | Herman Cain
    A CONTRACT WITH GEORGIAA Bold Vision to Bring Conservative Common Sense to the United States Senate by HERMAN CAIN Republican Candidate for U.S. Senate The United States is being challenged by the war on terror, the war on our moral foundation and the war on our economic infrastructure. But America is still the greatest country in the world because of the bold leadership of the past and the American Dream that is still alive today. In 1994 we had a vision for a better America and a desire to "restore the bonds of trust between the people and their elected...
  • How the FairTax Will Renew America

    07/03/2004 12:59:10 AM PDT · by Remember_Salamis · 203 replies · 1,952+ views
    July 1st ,2004 | Remember_Salamis
    How the FairTax Will Renew America By Remember_Salamis (Nicholas G. Bradley) Citizens for a New Contract with America We must replace the income tax with a national retail sales tax (NRST), also known as the FairTax. This can be accomplished by passing the Fair Tax Act of 2003, known in the House as HR 25 and in the Senate as S 1493. The FairTax would replace all income and payroll taxes for both individuals and businesses with a tax-inclusive 23% NRST. Only goods and services purchased at the retail level would be taxed, while all goods and services purchased by...
  • How the FairTax Will Renew America

    06/29/2004 10:03:38 PM PDT · by Remember_Salamis · 7 replies · 469+ views
    Citizens For A New Contract With America | Working Paper (Last Revised 25 Jun 04) | Nicholas G. Bradley (Remember_Salamis)
    How the FairTax Will Renew America   By Nicholas G. Bradley (Remember_Salamis) Chairman, Citizens for a New Contract with America   <![if !supportLists]>I.      <![endif]>Taxes – We must replace the income tax with a national retail sales tax (NRST), also known as the FairTax. This can be accomplished by passing the Fair Tax Act of 2003, known in the House as HR 25 and in the Senate as S 1493. The FairTax would replace all income and payroll taxes for both individuals and businesses with a tax-inclusive 23% NRST. Only goods and services purchased at the retail level would be...
  • Walter Williams: NRST a Joke!

    06/25/2004 11:49:59 AM PDT · by balrog666 · 640 replies · 653+ views
    25 Jun 2004
    Filling in for Rush, Dr. Walter Williams implies that the NRST is just re-arranging the deck chairs, the real problem is government spending.
  • The Demand for Tax Cuts

    06/25/2004 10:08:00 AM PDT · by Remember_Salamis · 5 replies · 219+ views
    National Review Online ^ | June 24th, 2004 | Tom Nugent
    The Demand for Tax Cuts There’s a lot of confusion about tax-rate reductions and deficits. A recent Wall Street Journal editorial excoriated four Republican senators for opposing President Bush's proposal to cut taxes permanently. While these four Republicans — Susan Collins and Olympia Snowe of Maine, John Chafee of Rhode Island, and John McCain of Arizona — oppose the new tax-cut proposal, the Journal reported that they also voted in favor of a Democratic proposition that would increase educational entitlement spending over the next six years by $35 billion. The Journal's editorial concludes: "These votes show that their real motive...
  • Putting Taxes on Ice

    06/24/2004 2:20:51 PM PDT · by LowCountryJoe · 15 replies · 278+ views
    American Enterprise Institute ^ | June 23, 2004 | Veronique de Rugy
    According to the Iceland sagas and chronicles, Iceland was the world's first tax haven. When King Harold unified Norway in the 870s, his first ruling was to impose a new tax on its people. The Vikings refused to pay the new tax and took off. According to the Saga, they set sail to Iceland because "there men are free from assaults of kings and criminals." Prime Minister of Iceland David Oddsson is the direct descendant of these Vikings. And, since he became the head of the Icelandic government in 1991 he has also proven to be a very wise ruler....
  • National Enterprise Zones of Choice: Demonstrating the Power of Tax Reform

    06/21/2004 11:03:03 PM PDT · by Remember_Salamis · 3 replies · 351+ views
    Empower America ^ | March 2003 | William J. Bennett and Jack Kemp
    National Enterprise Zones of Choice: Demonstrating the Power of Tax Reform and Ending Economic Dependency March, 2003 Introduction There are three massive, continuing public policy failures underway in the United States. These failures are needlessly preventing millions of people from achieving the American dream. One failure is our misguided approach to lifting people out of poverty; the second failure is the ineffectual way we finance and deliver education; and the third is the self-destructive way we tax ourselves to fund the federal government. It is time to end these failed policies and allow all Americans to achieve prosperity and security...
  • FairTax Testimony (2000)

    06/21/2004 10:33:11 PM PDT · by Remember_Salamis · 13 replies · 269+ views
    FairTaxNow.com ^ | April 11, 2000 | Leo E. Linbeck
    Statement of Leo E. Linbeck, Jr., Chairman and Chief Executive Officer, Linbeck Corporation, Houston, Texas and Voluntary Chairman, Americans for Fair Taxation Testimony Before the House Committee on Ways and Means Hearing on Fundamental Tax Reform April 11, 2000 I would like to thank you, Mr. Chairman and members of the committee for the opportunity to testify before your committee on replacing the current tax system. I am the Chairman of Linbeck Corporation and voluntary Chairman of Americans For Fair Taxation (AFFT). AFFT is a grassroots citizens organization, based in Houston Texas, dedicated to replacing the current tax system with...
  • Frequently Asked Questions Regarding the FairTax

    06/17/2004 9:19:07 PM PDT · by Remember_Salamis · 126 replies · 716+ views
    FairTax Frequently Asked Questions   What is taxed? The FairTax is applied to the sale of all new consumer goods and services at the final point of consumption. Used items are not taxed. Business-to-business purchases for the production of goods and services are not taxed. Back to FAQ IndexExactly what taxes are abolished? The FairTax is replacement, not reform. It replaces federal income taxes including, personal, estate, gift, capital gains, alternative minimum, Social Security, Medicare, self-employment, and corporate taxes. Back to FAQ IndexHow does the rebate work? All valid Social Security cardholders who are U.S. residents receive a monthly...
  • Collins Calls for Bold Action to Reduce Tax Burden On American Workers

    06/16/2004 2:43:47 AM PDT · by SmithPatterson · 299 replies · 414+ views
    TheWeekly.com ^ | 6-15-04 | Unknown
    Collins Calls for Bold Action to Reduce Tax Burden On American Workers WASHINGTON, D.C. (June 15) - The day after the House Ways and Means Committee approved H.R. 4520, the American Jobs Creation Act of 2004, Georgia Congressman Mac Collins, a member of the Committee, called on Chairman Bill Thomas to hold hearings to discuss replacing the current tax system with a consumption-based sales tax. The American Jobs Creation Act of 2004 would replace the current Foreign Sales Corporation-Extraterritorial Income (FSC-ETI) benefit structure with a variety of tax relief measures designed to create new jobs and promote economic growth. "While...
  • Shall Bush reform?

    06/14/2004 8:16:31 AM PDT · by ancient_geezer · 13 replies · 118+ views
    Townhall.com ^ | 14 June, 2004 | Robert Novak
    Shall Bush reform?Robert Novak June 14, 2004  WASHINGTON -- During the pause in prematurely frenetic election campaigning forced by mourning for Ronald Reagan, senior policy advisers to George W. Bush pondered two serious questions: What domestic policy initiatives should President Bush pursue in a second term? Which of those should he campaign on this year?  The answers will soon be debated inside the White House over how much reform Bush should risk. Political advisers are cautious and policy advisers bolder as they ponder these areas: Social Security, Medicare and taxes. Most likely, the president will advocate Social Security reform during...
  • Texas GOP Strengthens its Plank Supporting a Federal Retail Sales Tax

    06/07/2004 8:28:48 AM PDT · by ancient_geezer · 82 replies · 324+ views
    U.S. Newswire ^ | 6/4/2004 1:57:00 PM | Genie Hayes
    Texas GOP Strengthens its Plank Supporting a Federal Retail Sales Tax as its Replacement for Income and Payroll Taxes. 6/4/2004 1:57:00 PM To: National Desk Contact: Genie Hayes of Americans for Fair Taxation, 800-324-7829 or genie@fairtax.org SAN ANTONIO, June 4 /U.S. Newswire/ -- At its state convention, the platform committee of the Republican Party of Texas tonight strengthened its existing plank on federal tax replacements to include statements requiring a new tax system supporting "...economic growth...job retention...and visibility in all forms." This is in addition to already strong wording requiring replacement all forms of income and Social Security taxes with...
  • Simple Tax for Seniors Act - (Seniors get their own 1040 Form)

    06/03/2004 12:01:04 PM PDT · by wallcrawlr · 32 replies · 149+ views
    http://burns.house.gov/html/news_item.cfm?id=210 Summary from Max Burns (GA Rep) website. Under current IRS rules, more than 35 million Americans are prohibited from using the short form simply because they are age 65 or older. Of those, more than 15 million currently file using only the standard deduction. The Burns legislation would create the new 1040SR, allowing non-itemized filing for seniors who receive retirement income. Seniors will be able to file in less time, on a one-page form, and without being forced to annually disclose more information on their retirement savings and pension plan than necessary to determine the proper taxes due. “It...
  • Tax Reform

    06/02/2004 10:26:35 AM PDT · by ancient_geezer · 22 replies · 148+ views
    Tax Reform The current federal tax system violates the public's core values of control, equality, effectiveness, self-reliance and justice. The system causes them to feel victimized by the IRS, motivated to cheat the system, and envious of fellow Americans in other income groups. It does not make them feel good about the way their government functions or what they get in return for their tax dollars. These views, which The Congressional Institute uncovered in recent values-based research, explain why the call for tax reform represents much more to the American people than the mere adjustment of tax rates or exemptions....
  • ONE ARM TIED BEHIND OUR BACK: U.S. Taxes and the International Economy

    05/29/2004 4:01:50 AM PDT · by Remember_Salamis · 21 replies · 124+ views
    Institute for Policy Innovation ^ | April 17th, 2002 | ERNEST S. CHRISTIAN
    BY ERNEST S. CHRISTIAN ONE ARM TIED BEHIND OUR BACK: U.S. Taxes and the International Economy Thanks to our tax code, United States companies have to compete in the global economy with one arm tied behind their backs. This handicap is partly a result of foreign envy of U.S. competitiveness, but partly a result of our own failure to make a level playing field for businesses (U.S. and foreign) within our own market. Regrettably, our tax code is biased against exports and it favors imports. It also puts a heavy burden on income that U.S. companies make abroad. This policy...
  • Consumption taxes are not the answer

    05/28/2004 12:27:11 AM PDT · by JohnHuang2 · 183 replies · 295+ views
    TownHall.com ^ | Friday, May 28, 2004 | by Bruce Bartlett
    Two tax issues seem to be getting a lot of discussion on the Internet these days. First is a big increase in the gasoline tax in order to discourage oil consumption and make the nation less vulnerable to the OPEC oil cartel. Second is the idea of replacing the Social Security payroll tax with a progressive consumption tax. Both have serious flaws. The idea that a higher gasoline tax will help our energy situation is ludicrous. All European countries have far higher gasoline taxes, and they are just as vulnerable to increases in the price of oil as we are....
  • FLAT TAX FILLS COFFERS IN RUSSIA

    05/27/2004 12:09:23 PM PDT · by .cnI redruM · 39 replies · 290+ views
    National Center for Policy Analysis ^ | Wednesday, May 26, 2004 | Not Provided
    Since Russia adopted a flat tax three years ago, the nation’s real tax revenue has nearly doubled and the gospel of its success has spread across Eastern Europe. Even China has taken steps to consider the flat tax as a policy alternative. On January 1, 2001, a 13 percent flat-rate tax on personal income took effect in Russia, replacing a 3-bracket system that imposed a top rate of 30 percent on taxable income exceeding $5,000. According to a new report by the Hoover Institution, the flat tax has been an unqualified success: After 3 years under the flat tax, real...
  • Tax Code Repeal Bill Introduced in Senate

    05/25/2004 7:26:20 AM PDT · by ancient_geezer · 148 replies · 508+ views
    Senate.gov ^ | May 19, 2004 | staff
    Tax Code Repeal Bill Introduced in Senate Craig joins effort as an original cosponsor WASHINGTON, DC – Idaho Senator Larry Craig joined Senator Sam Brownback and other colleagues today in introducing legislation to repeal the Internal Revenue Code on December 31, 2007. The legislation would mandate a new code that: Applies a low rate; Provides tax relief for working Americans; Protects taxpayers’ rights; Eliminates bias against savings and investment; Promotes economic growth and job creation; and Treats married couples the same as singles. “Our tax code is in desperate need of overhaul and this legislation is a catalyst to ignite...
  • Putting Taxpayers First: A Budget Plan to Benefit the Next Generation of American Taxpayers

    05/22/2004 12:27:03 AM PDT · by Remember_Salamis · 1 replies · 802+ views
    Institute For Policy Innovation ^ | 01/13/2004 | Stephen Moore
    Full Text IPI Policy Report - # 174Putting Taxpayers First: A Federal Budget Plan to Benefit the Next Generation of American Taxpayersby Stephen Moore on 01/13/2004 Pages SynopsisExecutive SummaryPress Release (01/13/2004)Press Release (02/17/2004)Media Advisory (01/13/2004)Media Advisory (02/26/2004)Full Text PDF Introduction: Fiscal Meltdown In WashingtonCall it fiscal malpractice. Call it the triumph of the special interest over the national interest. Call it whatever you wish, but there is no denying the dismaying reality: Washington is hemorrhaging money at the pace that one typically observes only in a bankrupt third world nation. In just the past three years the federal budget...
  • The End of Income Taxes

    05/21/2004 4:40:21 AM PDT · by Remember_Salamis · 16 replies · 176+ views
    LoneStar Foundation ^ | May 2003 | David A. Hartman
    The End of Income Taxes by David A. Hartman The tax cuts proposed by President George W. Bush take significant steps toward the reform of a federal tax code that retards growth of the capital stock, productivity, and incomes of all Americans. His plan to eliminate the death tax, increase expensing of investment for small businesses, end double taxation of dividend income, expand “returns exempt” taxation of IRA savings, and lower progressive rates on individual incomes are all welcome contributions toward a more efficient tax code. Yet even if it is enacted, the President’s proposal will likely add more obstacles...
  • A Value-Added Tax Contrasted With a National Sales Tax

    05/21/2004 2:16:13 AM PDT · by Remember_Salamis · 63 replies · 1,150+ views
    Hutchison.Senate.Gov ^ | March 19, 2003 | James M. Bickley
    A Value-Added Tax Contrasted With a National Sales Tax March 19, 2003 James M. Bickley Government and Finance Division SUMMARY Proposals to replace all or part of the income tax, proposals for national health care, and a proposal to finance America’s war effort have sparked congressional interest in the possibility of a broad-based consumption tax as a new source of revenue. Both a value-added tax (VAT) and a national sales tax (NST) have been considered by some Members of Congress. A firm’s value added for a product is the increase in the value of that product caused by the application...
  • Collins Salutes National Small Business Week

    05/18/2004 10:00:21 AM PDT · by ancient_geezer · 12 replies · 186+ views
    The Weekly Online (GA) ^ | May 14, 2004 | staff
    Collins Salutes National Small Business Week: Small Businesses are Great for America WASHINGTON, D.C. (May 14) - President Bush has proclaimed next week, the week of May 16-22, as "National Small Business Week", and designated it as a time to celebrate and recognize America's small business entrepreneurs.     Congressman Mac Collins (R-Georgia), a small business owner himself, joined the President in commending small businesses and called on Americans to salute small businesses in cities and towns throughout the state of Georgia for the great service they provide to their communities.    "I love business, especially small business, because businesses...
  • Collins, Linder Discuss Frequently Asked Questions About the Fair Tax Act

    05/14/2004 7:58:44 AM PDT · by SmithPatterson · 65 replies · 460+ views
    www.TheWeekly.com | 5-13-04 | Staff Writer
    Collins, Linder Discuss Frequently Asked Questions About the Fair Tax Act WASHINGTON, D.C. (May 13) - Georgia Republican Congressman Mac Collins, a member of the House Ways and Means Committee, discussed the proposed "Fair Tax" legislation (H.R. 25) during a House of Representatives "Special Order" session on Tuesday evening with Congressman John Linder, (R-Georgia). For 5 years, Linder and Collins have been working to get the act passed. Collins thinks the Fair Tax Act would greatly benefit the American economy. A special order is anything outside the regular order of business of the Chamber of the House of Representatives. Members...
  • Senate Breaks Tax Bill Deadlock Legislation Approved to Cut Corporate Taxes, End Trade Dispute

    05/12/2004 5:47:29 PM PDT · by phil_will1 · 13 replies · 119+ views
    The Washington Post ^ | Wednesday, May 12, 2004 | Helen Dewar
    The Senate yesterday broke a two-month deadlock and approved a major corporate tax bill that would end a trade dispute with Europe and shower U.S. corporations with billions in new tax breaks. The bill, approved 92 to 5, would provide $170 billion in corporate tax cuts over the next decade to replace export subsidies previously granted to U.S. firms by Congress that prompted $4 billion in retaliatory tariffs by the European Union. A different House version of the legislation has been stalled for months by disagreements among Republicans. But key senators said they believe Senate passage would help break the...
  • TERESA PAID 11% IN TAX

    05/12/2004 12:24:14 AM PDT · by kattracks · 57 replies · 260+ views
    New York Post ^ | 5/12/04 | DEBORAH ORIN
    <p>WASHINGTON - Democrat John Kerry's wife, Teresa - one of America's richest women - had over $5 million in income last year, but paid a lower tax rate than an ordinary person earning $50,000, according to a campaign statement released yesterday.</p>
  • The Economy Bomb - Ticking Down Faster

    05/11/2004 7:09:17 AM PDT · by Action-America · 97 replies · 1,597+ views
    Action America ^ | May 10, 2004 | John Gaver
    The Economy BombTicking Down FasterMore proof that legislative attacks upon the wealthiest 1% of Americans could soon wreck our economy. May 10, 2004 by John Gaver Publishers note: To reflect the large amount of relevant new data that has emerged over the last year, we felt that the annual update to our popular Tick-Tick-Tick article deserved a new name. Although this article contains much of what is in that article, the additional volume of new data actually constitutes a significant rewrite. Unfortunately, this means that the Economy Bomb is ticking down faster. Fact: The top-earning 1% of US taxpayers pay...
  • FairTax supporters aim to eliminate federal tax code

    05/10/2004 8:42:54 AM PDT · by ancient_geezer · 274 replies · 1,384+ views
    Farm Bureau News ^ | October, 2003 | FBN staff
    FairTax supporters aim to eliminate federal tax code An effort is under way to simplify the increasingly complex federal tax code. It's called the FairTax, and it would get rid of the entire federal income tax system, taking with it the reams of paperwork and hours of number crunching that goes along with tax preparation. The FairTax, supported by the American Farm Bureau Federation, is a national retail sales tax based on personal consumption that would replace the federal tax system. It would repeal all individual and corporate income taxes, as well as payroll, self-employment, estate, capital gains and gift...
  • The Seven Deadly Sins of High Taxes

    05/07/2004 9:17:29 AM PDT · by ancient_geezer · 37 replies · 186+ views
    Foundation for Economic Education ^ | November 1997 | Christopher Lee
    The Seven Deadly Sins of High TaxesPublished in The Freeman: Ideas on Liberty - November 1997by Christopher Lee Dr. Lee is associate professor of economics at St. Ambrose University College of Business, Davenport, Iowa. By justice a king gives stability to the land, but he who imposes heavy taxes ruins it. —Proverbs 29:4 (New American Bible) In a free society government has an important but limited role to play. Adam Smith, for instance, acknowledged the necessity of providing national defense, maintaining law and order, implementing a system of weights and measures, as well as defining and protecting property rights. Further,...
  • Health Insurance Could Be Major Sleeper Issue for Economy, Campaign

    05/06/2004 3:34:26 AM PDT · by Remember_Salamis · 47 replies · 420+ views
    American Enterprise Institute ^ | May 5, 2004 | Norman J. Ornstein
    Health Insurance Could Be Major Sleeper Issue for Economy, Campaign By Norman J. Ornstein Posted: Wednesday, May 5, 2004 ARTICLES Roll Call (Washington) Publication Date: May 5, 2004 Friday will bring the April jobs report, with economists predicting that anywhere between 100,000 and 250,000 jobs will be created. That would be below the level of 308,000 jobs created in March, but it could still be, on the surface, a reasonably robust number. Still, even if the number exceeds the optimistic forecasts, it could well be far less positive news than the raw figures might suggest. Why? Consider first the jobs...
  • Making April 15th ‘Just Another Day’

    05/05/2004 9:23:23 AM PDT · by ancient_geezer · 23 replies · 212+ views
    Mens News Daily ^ | April 13, 2004 | Doug Patton
    Making April 15th ‘Just Another Day’ April 13, 2004 by Doug Patton As I wrote another hefty check to my CPA and dropped my federal income tax return into the mail this week, my mind drifted off, as it does every April 15th, to Fair Tax Land. In Fair Tax Land, tax lawyers have to find real jobs because it is none of the federal government’s business how much money I make. In Fair Tax Land, Congress has abolished the IRS and replaced it with a simple system for collecting taxes on what I consume rather than what I produce....
  • Considering a National Sales Tax

    05/03/2004 9:01:53 AM PDT · by ancient_geezer · 189 replies · 308+ views
    CATO ^ | October 17, 1997 | Dean Stansel
    http://www.cato.org/dailys/10-17-97.html Considering a National Sales Tax by Dean Stansel Dean Stansel is a fiscal policy analyst at the Cato Institute. In Washington, D.C., tax reform often means something painful to the taxpayer--higher taxes to pay, more forms to fill out, and a bigger headache to endure every April 15. But one idea that’s gaining new converts every day would dramatically change all that, and families and businesses would be among the nation’s biggest winners if it becomes law. The idea is to tear up the federal income tax system, scrap it for good, and replace it with a national sales...
  • IRS owes tax refunds to 2,000 Michigan citizens — but can't find them

    04/30/2004 12:50:10 PM PDT · by Dan from Michigan · 8 replies · 97+ views
    AP ^ | 4-30-04
    IRS owes tax refunds to 2,000 Michigan citizens — but can't find them The Associated Press 4/30/2004, 3:07 p.m. ET WASHINGTON (AP) — The Internal Revenue Service is trying to find nearly 2,000 Michigan citizens who are owed tax refunds, Michigan's senators said Friday. Checks totaling $1.2 million were returned to the agency this year because they couldn't be delivered in Michigan. Sens. Carl Levin and Debbie Stabenow said people may have moved, and the IRS doesn't have their new addresses. The average value of the 1,873 checks for Michigan residents is $674 per check. People who believe they are...