Sorry this is a little long; please stay with me for a moment.
On September, 19th President Obama gave a speech in the Rose Garden. I must admit rarely agree with the President on political, social or economic issues. I believe the Federal Government has for over a century now over stepped its mandate and usurped powers that were never intended for the Federal Government to have. That being said I found myself saying AMEN to a part of the speech.
President Obama said (paragraph numbering added for explanation.):
1. Now, I am also ready to work with Democrats and Republicans to reform our entire tax code, to get rid of the decades of accumulated loopholes, special interest carve-outs, and other tax expenditures that stack the deck against small business owners and ordinary families who can’t afford Washington lobbyists or fancy accountants. Our tax code is more than 10,000 pages long. If you stack up all the volumes, they’re almost five feet tall. That means that how much you pay often depends less on what you make and more on how well you can game the system, and that’s especially true of the corporate tax code.
2. We’ve got one of the highest corporate tax rates in the world, but it’s riddled with exceptions and special interest loopholes. So some companies get out paying a lot of taxes, while the rest of them end up having to foot the bill. And this makes our entire economy less competitive and our country a less desirable place to do business.
3. That has to change. Our tax code shouldn’t give an advantage to companies with the best-connected lobbyists. It should give an advantage to companies that invest in the United States of America and create jobs in the United States of America. And we can lower the corporate rate if we get rid of all these special deals.
4. So I am ready, I am eager, to work with Democrats and Republicans to reform the tax code to make it simpler, make it fairer, and make America more competitive. But any reform plan will have to raise revenue to help close our deficit. That has to be part of the formula. And any reform should follow another simple principle: Middle-class families shouldn’t pay higher taxes than millionaires and billionaires. That’s pretty straightforward. It’s hard to argue against that. Warren Buffett’s secretary shouldn’t pay a higher tax rate than Warren Buffett. There is no justification for it.
5. It is wrong that in the United States of America, a teacher or a nurse or a construction worker who earns $50,000 should pay higher tax rates than somebody pulling in $50 million. Anybody who says we can’t change the tax code to correct that, anyone who has signed some pledge to protect every single tax loophole so long as they live, they should be called out. They should have to defend that unfairness — explain why somebody who’s making $50 million a year in the financial markets should be paying 15 percent on their taxes, when a teacher making $50,000 a year is paying more than that — paying a higher rate. They ought to have to answer for it. And if they’re pledged to keep that kind of unfairness in place, they should remember, the last time I checked the only pledge that really matters is the pledge we take to uphold the Constitution(emphasis added).
AMEN brother! God bless the USA and our President. I couldn’t agree more. I think we might disagree on the nuts and bolts of how to do this but I say AMEN, bring it on lets reform our tax code.
1. REFORM the TAX CODE! Yes, yes, yes, why is it over 10,000 pages long? The entire Constitution with all amendments and the Declaration of Independence are less the 40 pages. Get rid of the entire code and start over.
2. We have the highest corporate tax rate in the world. Eliminate it completely. Corporations don’t pay taxes. They pass the cost on to the consumer.
3. Our tax code should not give advantages to ANYBODY!
4. Simple, Fair tax code YEAH! www.fairtax.org no sense in trying to come up with a new plan. Here it is come on congress and Mr. President let’s do it already. Nobody pays a higher rate than anyone else. FAIR! It’s in the name. Can’t get much simpler and fairer then that.
5. Yes please voters of America lets get rid of all those corrupt politicians that say we cannot get rid of tax loop holes, vote them out, Let’s also get rid of those politicians who want to punish success by refusing to do away with the graduated tax structure, lets fire them all and get some real reform, back to the way the founders wanted it. Uphold the Constitution.
The founders never intended for there to be career politicians. It is past time for TERM LIMITS. Repeal the 17th amendment and lets Senators represent the interests of the States and not the people like it was intended.
Read the Constitution please. You might be amazed at what you will find there.
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