Some exciting developments in the Republican presidential race are being ignored by the media. We believe Americans will be excited when they understand the revolutionary nature of these candidate’s proposals.
It all started with Herman Cain’s 9-9-9 plan. As Newt Gingrich said this week, “Herman should be congratulated for starting an important discussion.” And he should.
But our hope comes from other excellent proposals by GOP candidates that are being neglected in the news media. Most of the plans would help, but three of the plans from different candidates if adopted together would supercharge the economy and put the private sector back to work.
First we love Governor Rick Perry‘s flat tax proposal. His plan is a 17 percent flat rate on all income above $36,000. Below $36,000 all taxpayers would pay zero. The Perry plan will also eliminate taxes on personal savings and capital gains. Investments would be encouraged by this plan. It is fair and will take politics out of tax policy.
Next Congressman Ron Paul‘s balanced budget should be adopted by every campaign. It is brilliant. He has laid out just how we can balance the budget. He will eliminate agencies that provide no real value to Americans only special interests, end foreign aid, repeal reams of regulations, cut military spending by brings troops home to America, reduce the federal workforce, and freeze mandatory spending. Paul’s cuts would amount to $1 trillion in immediate savings. The federal budget would be completely balanced in three years.
Finally, Michele Bachmann has proposed cutting the cost of Washington’s regulatory burden on the economy by trillions of dollars. A misunderstanding of the Reagan era is the belief that he only focused on tax cuts. This is simply untrue. Maybe of even greater importance was the thousands of pages of regulations repealed by the Reagan administration. It is in the regulatory policy where you see the big difference between George W. Bush and Ronald Reagan. Under Bush, regulations exploded and business became more difficult because of this burden. Bachmann’s ideas deserve to be implemented.
America’s system of taxation is broken. In 1986, Ronald Reagan brokered an important revision of the tax code that dramatically lowered rates and launched a period of unprecedented growth and prosperity. The key to Reagan’s success was lowering rates and eliminating politically motivated tax incentives and kickbacks that undermine fairness.
Sadly, during the years of prosperity that followed the Reagan reforms, the Congress under both Republican and Democratic leadership used the good times to once again load the tax code full of crony capitalism, kickbacks to favored groups. Now the system is collapsing under the weight of this corruption.
Obama’s answer is raising rates even higher so he can give out even more favors to his chosen groups. This solution will only make the problems with the tax code even worse. Billionaires like Warren Buffett can always game the system, while the middle class gets fleeced. Buffett’s hypocrisy in supporting Obama’s plans is astounding while the firm he runs Berkshire Hathaway is legendary for its ability to avoid taxes and currently owes over a billion dollar is back taxes.
Perry’s plan would fix all this and lower rates even further than Reagan did. Maybe this is the elixir that can get his campaign back on track. Steve Forbes thinks so. He told the Wall Street Journal this week, “I’m very, very excited by it. What Perry is proposing is a radical simplification of the income tax code…It’s finally coming to pass.”
Let the world be aware. A new day may soon dawn in America if we can be free of the irresponsible, incompetent, ineffective, ineffectual, meaningless, worthless, hopeless Obama Administration. And the good news is:
John Dummett is a 2012 presidential candidate with a NO LOSE court case for challenging Obama’s eligibility. You can check out his challenge at http://www.recruityou.info/index.html
This is a court battle which CAN BE WON where others have failed. Please feel free to copy this and post it everywhere you can so it may become common knowledge. This is every American’s business and an important measure to take in restoring America to its greatness.
Taxes taxes taxes. Federal taxes that is. The income tax has been around for a century. As soon as it was made constitutional, the Wilson administration, the children in Congress had a new toy, play money, and since then it’s been lots of fun for them. Long ago it ceased to be a way to finance the responsibilities of the federal government. Social engineering, employment for an army of accountants, lawyers, and related others, plus a small army called the IRS, lots of “work” for the children in Congress, and of course campaign money coming back to those favorite members of Congress from grateful accountants, lawyers, etc., who owe their fat paychecks to money stolen from citizens. It sure is going to be tough to change all this fun and corruption. The best tax is the tax our servants in DC cannot cannot play with, a tax on consumption. Sales tax on all things new except everything to do with food, health, and rent, since people with low income usually rent. Illegal immigrants, criminals, those who currently do not report income, would all be included in a national ssales tax. People with higher incomes would usually consume more, and pay more taxes. People with low incomes or no incomes would be helped by programs not attached to taxes, food stamps, etc. A tax based on consumption would encourage savings and investment, which would stimulate the economy, and since one taxx would exist, nothing more, no corporation tax which is just another tax on the people, passed along in lower wages or higher prices, this would also stimuilate the economy, business would stay in the country, jobs would stay here, and so on. but sadly, since a national sales tax will not happen, the other way to go is an income tax, three levels, with no deductions for anyone, except for medical expenses above a certain level, nothing more, except those people who are deducting home mortgage paymetnts can continue but new mortgages will be deducted. The IRS would be eliminated with any tax system and replaced with a far smaller agency called The Peoples Money, and all revenue collected from the people will also be called The Peoples Money, so the kids at the federal level will know it does not belong to them.
Perry’s 17% flat-rate tax parallels my own proposal, but stops short.
My proposal is:
A FLAT-RATE TAX of 17.6 percent. As Ray Stevens so eloquently put it, “If Ten Percent Is Good Enough For Jesus, It Ought To Be Good Enough For Uncle Sam!”
My proposal is further to run the country on 10% with 7.6 dedicated to paying off the national debt, of which the CBO says IF congress doesn’t spend another nickel, and we pay off the debt at the rate of $100,000,000.00 PER DAY, it will take THREE HUNDRED EIGHTY NINE YEARS TO PAY IT OFF!!
My proposal calls for NO exemptions. NO deductions. PERIOD! I realize that there will be those who need DOCUMENTED financial assistance AFTER they pay their tases.
This will eliminate the IRS and a million or so tax lawyers.
Further, I propose TERM LIMITS of SIX YEARS – PERIOD. NO pension. No pay raise. Salary based upon a 2080-hour man/year, with 14 days vacation per year, and time spent out of the Washington office to count as LWOP.
Further, a reduction of congressional and white house staffs of AT LEAST 50%, along with elimination of foreign aid to those who disagree with us or are enemies of ours.
And, finally, requirement that each single piece of legislation shall pass on its own merit, not attached to any other piece of legislation – related or not – and couched in languate that anyone with a third grade education can undersand, and not to exceed three pages.
This, my firends, will put us on the road to recovery right now!
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