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Friday, 27 March 2020

Would it be smart for the Dems/Obama White House to create a bipartisan tax reform bill ASAP?

Bennie Lantgen: All of those taxes are regressive and disproportionally burden lower income workers. VAT especially is awful, the one area where America has it better than western Europe.

Rashad Marecki: Eliminate all tax credits and deductions. One page. One sentence.

Daria Verfaillie: Replacing the Income Tax with VAT, Fair Tax or a Flat is fine if you want the Federal Government to retain it's unlimited power to rule. The Founders who designed our Constitution sought to balance the power of the federal government against the states in order to keep both in check. That balance of power was destroyed with the ratification of the 16th and 17th Amendments of the US Constitution!To regain our Freedom we must repeal the 16th & 17th Amendments.Amendment 28:Section 1:Repeals the 16th and 17th Amendments of the US Constitution.Section 2:Gives the Legislators from their respective State the power to recall and replace their Federal Senators without notice.Section 3:! Mandates that the US Congress reauthorize every penny that the Federal Government acquires regardless of the means.This purposed 28 Amendment will return to the States equal oversight over all Federal Government spending and will force the Federal Government to levy a tax that is paid by the Government of each State according to the population of said state. As per Article I, Section 8, Clause 1, limited by Article I, Section 2, Clause 3 and Article I, Section 9, Clause 4 of the US Constitution.I would rather have the power to rule spread out among the many then in the hands of a few!...Show more

Curt Broadhead: why bother, the republicans will just find something wrong with it anyways.........

Jesse Pirieda: If the Dems/Obama create a tax reform bill ASAP, it damn sure wouldn't be bipartisan. Besides, as previously mentioned, none of those are progressive taxes, and would go against their current agenda.

Ariel Arons: 1. Flat income tax of 5% for the top ! 5%. No loopholes.2. 10% sales tax -- rebate checks for the po! or to offset tax burden.3. Eliminate all other income, payroll and corporate taxes.4. Balanced Budget Amendment.... this would REDUCE the tax burden on the working poor. The non-working poor would continue to have no net tax liability.Product costs would get cheaper to offset the increase at the register when hidden taxes disappear.The average wealthy would actually pay more with consumption being taxed and loopholes gone.Here's a radical afterthought:Allow inheritance tax, capped at 50%. Earned income is EXEMPT from this tax (Read: Only unearned income, such as inheritance and gifts may be taxed from your estate, meaning that your own fortune you made yourself may be bequeathed as you see fit, but your Daddy's fortune that you inherited will be taxed before your son gets it.)...Show more

Ira Porietis: They love the VAT BECAUSE it prevents prosperity but would never go for the others.

Ron Keliipio: It has to progress towards cutting the deficit. Good luck fin! ding a proposal that does that and is still bipartisan.

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