As tax day looms, it is worth considering some of the biggest problems with our current tax code.
Our Tax Code is Too Complex
Our own Rep. Gerry Connolly (D-VA) attacked Paul Ryan’s (R-WI) budget, as passed by the House Budget Committee, as being a “fend-for-yourself budget that would give Darwinism a bad name.” The reality is that Gerry Connolly, along with most other politicians in Washington, gives politicians a bad name.
In September 2008, Steven Chu, the future U.S. Secretary of Energy, said, “Somehow we have to figure out how to boost the price of gasoline to the levels in Europe.” This week, Secretary Chu gave himself an “A” for “controlling the cost of gasoline at the pump.”
Do these people live in the real world like you and me?
Congress is patting itself on the back for passing the payroll tax holiday for the rest of the year along with other spending. The bill’s supporters are quick to point out that this will result in the typical American family keeping an extra $1,000 this year. What they fail to mention is that each family’s share of the national debt will increase by more than $1,000.
A round-trip on the Dulles Toll Road will likely cost $9 next year. If you travel this route to and from work, it will cost you $2,250 in after tax earnings.
Upon releasing his first budget in 2009, Obama promised, “today I’m pledging to cut the deficit we inherited in half by the end of my first term in office. This will not be easy. It will require us to make difficult decisions and face challenges we’ve long neglected. But I refuse to leave our children with a debt that they cannot repay — and that means taking responsibility right now, in this administration, for getting our spending under control.”
A Discussion of the Issues
How do voters decide who they want representing them?
They ask questions. The candidates answer them. In the process, they reveal not just how they view the world, but how they think through complex issues.
We Have Been Warned
8/5/11 - S&P downgrades the U.S. for the first time in U.S. history
There has been a lot of exciting news on the campaign trail during this past week.
Today the Obama administration killed the privately funded Keystone XL Pipeline project and killed tens of thousands of jobs in the process. The president yielded to a few special interest groups at the cost of our economy. This is inexcusable.