A new Congress has been seated, and it brings the prospect of perhaps, maybe, potentially, in a possible way doing something about the runaway federal deficits. And in other news, several New York area bridges are for sale, which you can acquire at a bargain price.
Excessive Spending Destroys!
Feds Have a Spending Problem — DO NOT RAISE THE CEILING!
Dear Eric,
As our federal debt continues to run higher, Harry Reid and Barack Obama are always looking for some new way to raise taxes and fund virtually endless government programs.
But we don’t have a taxing problem. We have a spending problem.
The fact is, despite what tax-and-spend politicians claim, private investors can spend their money much better than the government can.
In fact, study after study has shown that the less the government takes from people’s pockets, the more our economy grows.
A 2012 study called “Rich States, Poor States” reveals just how much better off the economy is when you let people spend their own money.
For example, nine states, such as Texas, Florida, and Nevada, don’t have any income tax.
As a whole, their economies grew faster than the rest of the nation.
In fact, over the last ten years, states without income taxes grew their economies at almost double the rate of the nine states with the highest income taxes, like California, New York, and Vermont.
The reality is, the states that left their residents’ income alone enjoyed an average net job growth of 5.4 percent, while the nine biggest taxers as a group suffered net job losses.
But the most revealing numbers just might be what happens when politicians impose an income tax where none had been before.
In all eleven states, each felt the economy shrink, like Ohio’s 5.4 percent growth rate dropping to 3.3 percent, or Illinois’ growth rate drop from 6.5 percent to 4.5 percent.
Not only that, but each “state that has instituted a personal income tax has failed to reap the projected increase in tax revenues.”
This isn’t rocket science, just basic economics.
The more politicians take from people, the less money they have to put back into the economy.
And the more politicians take from job creators, the less expanding and hiring they can do.
We’ve had fifty states testing the theory for years, and the verdict is in: prosperity and high taxes don’t mix.
There’s no excuse for any politician on Capitol Hill to claim otherwise.
Yet even with all of this, Obama and his ilk continue to claim that more taxes and government spending are exactly what the economy needs to get it back on track.
Does this make any sense?
Isn’t that what got us in this hole in the first place?
That is why members of the National League of Taxpayers continue to fight to put an end to the tax-and-spend policies of lawmakers in Washington.
Because if you and I don’t hold them accountable, who will?
Sincerely,
Gary Paumen, President
National League of Taxpayers
P.S. Barack Obama, Harry Reid and their big-government allies are doing everything they can to spend our nation into oblivion.
To fight back, your National League of Taxpayers relies completely on the support of concerned Americans like you.
And even $5 or $10 can go a long way.
If you are able, please click here to chip in with $10 or $15 to enable your National League of Taxpayers to mobilize more members and hold the politicians accountable.
Every dollar is appreciated. We receive no government funding.
The Legislative-Executive-Judicial Cabal with our Marxist Dictator leading the Cabal
Below is one of many tyrannical crimes of the Monster created since the Civil War !
"Extortion and thuggery are good things when they're called law!"
Larken Rose
Becky Gerritson: "...government is out of control!" and "...our representative government has failed us."
A federal judge on Thursday ordered the IRS to detail under oath how some of former agency official Lois Lerner’s emails went missing, as well as any potential methods for recovering them.
Judge Emmet Sullivan of the U.S. District Court in Washington gave the Internal Revenue Service exactly a month — until Aug. 10 — to file a report, which he demanded as part of a lawsuit from a conservative watchdog, Judicial Watch, against the agency.
Judicial Watch is seeking a wide range of documents from the IRS, including Lerner’s emails, as part of a Freedom of Information Act request. It has complained that the IRS didn’t tell it that the agency couldn’t recover all of Lerner’s emails from 2009 to 2011.
Sullivan cast his ruling as a compromise, and a potential way for Judicial Watch to get answers without the court wading any deeper into the matter. Judicial Watch had asked the court to potentially compel IRS officials to testify about the lost emails, through a process called limited discovery.
The FairTax is a consumption tax unilaterally applied to all Americans at the same rate. For businesses, payroll taxes would no longer exist. Our exports would include a heavy tax for overseas buyers purchasing our products, while our imports would be cheaper for us to purchase. I'm not sure how this would affect GDP, as more information is necessary.
According to the FairTax website, "Under the FairTax, every person living in the United States pays a sales tax on purchases of new goods and services, excluding necessities due to the prebate." The prebate gives every legal resident household an "advance refund" at the beginning of each month so that purchases made up to the poverty level are tax-free.
So a family of four making something like $50,000/year should not have to pay taxes, thus preventing an unfair burden on low-income families. Since the FairTax eliminates both federal and payroll taxes, you get to keep your gross pay amount of each paycheck earned.
John Adams said, “Without [term limits] every man in power becomes a ravenous beast of prey”. That being said, here are some of the reasons we believe our country needs Term Limits.
Term Limits can help break the cycle of corruption in Congress. Case studies show that the longer an individual stays in office, the more likely they are to stop serving the public and begin serving their own interests.
Term Limits will encourage regular citizens to run for office. Presently, there is a 94% re-election rate in the House and 83% in the Senate. Because of name recognition, and usually the advantage of money, it can be easy to stay in office. Without legitimate competition, what is the incentive for a member of Congress to serve the public? Furthermore, it is almost a lost cause for the average citizen to try to campaign against current members of Congress.
Term Limits will break the power special interest groups have in Congress.
Term Limits will force politicians to think about the impact of their legislation because they will be returning to their communities shortly to live under the laws they enacted.
Term Limits will bring diversity of people and fresh ideas to Congress.
[Editor's Note: If you want to get rich, i.e. advance from a low paying government bureaucrat job on the local or state level, THEN GET ELECTED TO THE US CONGRESS (House or Senate). Once you're elected, it's easy to steal from your campaign contributions or the Congressional budget allocated to your seat and staff. You can go on a government-funded junket with 'lavishly' paid expenses. The list of ways to steal from the government while in office is inexhaustible. There are only a few Congressmen who left Congress just wealthy instead of a multi-millionaire. Of course, there are several who arrived in Congress as multi-millionaires and don't need to steal from the government.]
