Should the Republican Congress send a balanced budget amendment to the States?

[OnePercenter]

Bush added 5 or 6 trillion to the debt in 8 years and Obama has added 7 trillion in 6 years. I'll take Bush every time.

Bush started his Presidency with a balanced budget and ended up $6 Trillion + in debt, and you'll take Bush every time? Really?

How much of the $7 Trillion of Obama is directly or indirectly related to Bush?

 

[OnePercenter]

You apparently know NOTHING about the Fair Tax and I will not waste my time educating you. Buy the book or read the proposed bill and you will see how wrong you are.

So tell us your effective federal tax rate for 2014, and what your effective rate will be under the 'fair tax.'

 

[Judicial review]

You apparently know NOTHING about the Fair Tax and I will not waste my time educating you. Buy the book or read the proposed bill and you will see how wrong you are.

So tell us your effective federal tax rate for 2014, and what your effective rate will be under the 'fair tax.'

You are so full of shit. You don't have a portfolio. You have been paying attention, though. I'll give you that. You lack financial common sense and I found that out to be fact when I read your proposal. Simpler is better when it comes to managing money whether you are an individual, local, state, or federal gov. I crushed your proposal by simply stating abolish the IRS. A flat tax would do that. A consumption tax would do that. A simpler tax system would crush the IRS and the need for it. As for if your taxes will go up or down? Doesn't matter. Our tax system is so fucked up people that should be paying some taxes aren't whether you are middle income earners or rich and obviously poor. You don't know the meaning of a fresh start and why we need it. That's just how screwed up our tax code is.

Anybody that got out of paying taxes or that didn't before that would under this plan and complain about it is fucking retarded and the smart people in america should say stfu and just contribute, because you'll be using these services you are now paying for anyways, and it's only fair.

 

[Dont Taz Me Bro]

It is 'blazingly obvious.'

The problem with Social Security are too fold.

1. The fund was attacked.

2. The American public is making far less (wage vs. expenses) than 45 years ago.

The answer;


-Base Federal tax for corporations at 30% of revenue.

-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2013 rise in food, shelter, and transportation.

-Eliminate all business subsidies (deductions/write-offs/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees with the Feds refunding city, State, and fees.

-Companies with 400 employees or less, employee expenses above the deduction are subsidized at 100% with funds usually give back to the States.

-Adjust Social Security and private/public retirement and pension payments using 1970-2013 price structure.

-Remove the FICA limit.

-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years which will eliminate inflation.

-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.

-Make inversion illegal.

 

[Dont Taz Me Bro]

Should the Republican Congress send a balanced budget amendment to the States?

Why would the Republican Congress do such a thing seeing as how they have no interest in balancing the budget?

actually dear they have introduced 30 BBA's since Jefferson's first. 100% of the interest in fiscal responsibility lies within the Republicans Party. Newts passed the House and fell one vote short in the Senate with most positive votes being Republican . If the people had supported this concept just a little more today the debt would be 0 not $20 trillion.

This isn't 1995 nor is it the Gingrich Congress. The Republicans have had plenty of opportunities to try it again, particularly when they controlled both Houses of Congress and the White House for six years during the Bush Administration. Instead, they doubled the national debt and have continued to give Obama budgets with deficits of hundreds of billions of dollars.

 

[Dont Taz Me Bro]

I believe I read that my newly elected Senator from Georgia, David Perdue and Senator Jerry Moran (R-KS) introduced a bill with the Fair Tax Amendment. That is a consumption tax that takes the place of all other taxes.

Here is the link
Fair Tax News Georgia for FairTax

Which increases taxes on those that consume the most. Middle-class and poor.

FYI: If you're middle class or poor, Republicans ARE NOT YOUR FRIENDS.

You apparently know NOTHING about the Fair Tax and I will not waste my time educating you. Buy the book or read the proposed bill and you will see how wrong you are.

The Fair Tax is never going to be reality.

 

[johnwk]

I believe I read that my newly elected Senator from Georgia, David Perdue and Senator Jerry Moran (R-KS) introduced a bill with the Fair Tax Amendment. That is a consumption tax that takes the place of all other taxes.

Here is the link
Fair Tax News Georgia for FairTax

Which increases taxes on those that consume the most. Middle-class and poor.

FYI: If you're middle class or poor, Republicans ARE NOT YOUR FRIENDS.

You apparently know NOTHING about the Fair Tax and I will not waste my time educating you. Buy the book or read the proposed bill and you will see how wrong you are.

The "book" is not the proposed legislation which is H.R. 25. And the proposed legislation does not end Congress' power to lay and collect taxes calculated from profits, gains and all other lawfully earned incomes. If I am in error, quote from H.R. 25 to support your contentions.


JWK

 

[johnwk]

If you want to pay off debt and balance the budget;


-Base Federal tax for corporations at 30% of revenue.

-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2013 rise in food, shelter, and transportation.

-Eliminate all business subsidies (deductions/write-offs/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees with the Feds refunding city, State, and fees.

-Companies with 400 employees or less, employee expenses above the deduction are subsidized at 100% with funds usually give back to the States.

-Adjust Social Security and private/public retirement and pension payments using 1970-2013 price structure.

-Remove the FICA limit.

-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years which will eliminate inflation.

-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.

-Make inversion illegal.

sounds too complicated. 1st rule of budgeting - Keep things simple and not cluttered. Another words abolish the IRS. That eliminates 90% of the above.

A-freaken-men to ending federal taxes calculated from lawfully earned incomes and shutting down the IRS as we know it.

Now, which one of our so-called "conservatives" in Congress will introduce the Fair Share Balanced Budget Amendment?


JWK






“Honest money and honest taxation, the Key to America’s future Prosperity“ ___ from “Prosperity Restored by the State Rate Tax Plan”, no longer in print.

I believe I read that my newly elected Senator from Georgia, David Perdue and Senator Jerry Moran (R-KS) introduced a bill with the Fair Tax Amendment. That is a consumption tax that takes the place of all other taxes.

Here is the link
Fair Tax News Georgia for FairTax

The "fairtax" [H.R. 25] proposes to create two new taxes, a 23 % tax upon the purchase of articles of consumption, and a 23 % tax upon the sale of labor. In addition, the "fairtax" would not withdraw Congress' power to lay and collect taxes calculated from profits, gains and other lawfully earned incomes. But the Fair Share Balanced budget would withdraw Congress' power to lay and collect taxes calculated from all lawfully earned incomes in addition to balancing the annual budget!

Do you support the Fair Share Balanced Budget Amendment?


JWK





“Honest money and honest taxation, the Key to America’s future Prosperity“ ___ from “Prosperity Restored by the State Rate Tax Plan”, no longer in print.

 

[bripat9643]

No because Americans refuse to be taxed at a rate that would support the government, pay down the debt and have a surplus for emergencies.

In other words, you are determined to spend no matter what the taxpayers are willing to pay.

You're a thug.

 

[bripat9643]

If you want to pay off debt and balance the budget;


-Base Federal tax for corporations at 30% of revenue.

-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2013 rise in food, shelter, and transportation.

-Eliminate all business subsidies (deductions/write-offs/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees with the Feds refunding city, State, and fees.

-Companies with 400 employees or less, employee expenses above the deduction are subsidized at 100% with funds usually give back to the States.

-Adjust Social Security and private/public retirement and pension payments using 1970-2013 price structure.

-Remove the FICA limit.

-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years which will eliminate inflation.

-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.

-Make inversion illegal.

sounds too complicated. 1st rule of budgeting - Keep things simple and not cluttered. Another words abolish the IRS. That eliminates 90% of the above.

A-freaken-men to ending federal taxes calculated from lawfully earned incomes and shutting down the IRS as we know it.

Now, which one of our so-called "conservatives" in Congress will introduce the Fair Share Balanced Budget Amendment?


JWK






“Honest money and honest taxation, the Key to America’s future Prosperity“ ___ from “Prosperity Restored by the State Rate Tax Plan”, no longer in print.

I believe I read that my newly elected Senator from Georgia, David Perdue and Senator Jerry Moran (R-KS) introduced a bill with the Fair Tax Amendment. That is a consumption tax that takes the place of all other taxes.

Here is the link
Fair Tax News Georgia for FairTax

The "fairtax" [H.R. 25] proposes to create two new taxes, a 23 % tax upon the purchase of articles of consumption, and a 23 % tax upon the sale of labor. In addition, the "fairtax" would not withdraw Congress' power to lay and collect taxes calculated from profits, gains and other lawfully earned incomes. But the Fair Share Balanced budget would withdraw Congress' power to lay and collect taxes calculated from all lawfully earned incomes in addition to balancing the annual budget!

Do you support the Fair Share Balanced Budget Amendment?


JWK





“Honest money and honest taxation, the Key to America’s future Prosperity“ ___ from “Prosperity Restored by the State Rate Tax Plan”, no longer in print.

The FAIR tax requires the repeal of the 16th Amendment, so your claim is bullshit.

 

[johnwk]

If you want to pay off debt and balance the budget;


-Base Federal tax for corporations at 30% of revenue.

-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2013 rise in food, shelter, and transportation.

-Eliminate all business subsidies (deductions/write-offs/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees with the Feds refunding city, State, and fees.

-Companies with 400 employees or less, employee expenses above the deduction are subsidized at 100% with funds usually give back to the States.

-Adjust Social Security and private/public retirement and pension payments using 1970-2013 price structure.

-Remove the FICA limit.

-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years which will eliminate inflation.

-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.

-Make inversion illegal.

sounds too complicated. 1st rule of budgeting - Keep things simple and not cluttered. Another words abolish the IRS. That eliminates 90% of the above.

A-freaken-men to ending federal taxes calculated from lawfully earned incomes and shutting down the IRS as we know it.

Now, which one of our so-called "conservatives" in Congress will introduce the Fair Share Balanced Budget Amendment?


JWK






“Honest money and honest taxation, the Key to America’s future Prosperity“ ___ from “Prosperity Restored by the State Rate Tax Plan”, no longer in print.

I believe I read that my newly elected Senator from Georgia, David Perdue and Senator Jerry Moran (R-KS) introduced a bill with the Fair Tax Amendment. That is a consumption tax that takes the place of all other taxes.

Here is the link
Fair Tax News Georgia for FairTax

The "fairtax" [H.R. 25] proposes to create two new taxes, a 23 % tax upon the purchase of articles of consumption, and a 23 % tax upon the sale of labor. In addition, the "fairtax" would not withdraw Congress' power to lay and collect taxes calculated from profits, gains and other lawfully earned incomes. But the Fair Share Balanced budget would withdraw Congress' power to lay and collect taxes calculated from all lawfully earned incomes in addition to balancing the annual budget!

Do you support the Fair Share Balanced Budget Amendment?


JWK





“Honest money and honest taxation, the Key to America’s future Prosperity“ ___ from “Prosperity Restored by the State Rate Tax Plan”, no longer in print.

The FAIR tax requires the repeal of the 16th Amendment, so your claim is bullshit.

THE "FAIRTAX" DOES NOT END TAXES CALUCLATED FROM LAWFULLY EARNED INCOMES!


I have stated the truth!

The truth is the alleged fairtax would be adopted and implemented without the 16th Amendment being repealed, and there is no proposed amendment contained in H.R. 25 articulating the actual wording of the "repeal".



The text of the proposed fair tax reads:

TITLE IV--SUNSET OF SALES TAX IF SIXTEENTH AMENDMENT NOT REPEALED
SEC. 401. ELIMINATION OF SALES TAX IF SIXTEENTH AMENDMENT NOT REPEALED.

“If the Sixteenth Amendment to the Constitution of the United States is not repealed before the end of the 7-year period beginning on the date of the enactment of this Act, then all provisions of, and amendments made by, this Act shall not apply to any use or consumption in any year beginning after December 31 of the calendar year in which or with which such period ends, except that the Sales Tax Bureau of the Department of the Treasury shall not be terminated until 6 months after such December 31.”

In other words, if H.R. 25 were adopted by Congress the 23 percent tax goes into effect immediately. But if after a seven year period, during which time the America People become use to paying and complying with the tax, and the Sixteenth Amendment is not repealed, Congress will end the 23 percent tax. And if one believe that baloney ….

But let’s pretend H.R. 25 is adopted and the Sixteenth Amendment is repealed before the seven year period. Well surprise, surprise! Congress still maintains power to lay and collect taxes calculated from profits, gains and other incomes.

The fact is, prior to the adoption of the 16th Amendment the Supreme Court in Flint vs. Stone Tracy upheld the Corporate “Excise” Tax of 1909 which was an “excise” tax laid upon the “privilege” of being a corporation, and the amount of tax to be paid was calculated from the Corporations’ profits and gains! Although the tax is not an income tax as such, but an excise tax, it still allows Congress to collect taxes calculated from profits, gains and other “incomes”, which is exactly what we have now. And so, the repeal of the 16th Amendment is meaningless unless the wording of the repeal contains language I have been suggesting for years:

The Sixteenth Amendment is hereby repealed and Congress is henceforth forbidden to lay ``any`` tax or burden calculated from profits, gains, interest, salaries, wages, tips, inheritances or any other lawfully realized money

But the progressives behind the alleged fair tax are determined to keep alive Congress’ power to lay and collect taxes calculated from profits, gains and other “income” in order to get at those evil corporate profits, as would be done with a Nancy Pelosi type “windfall profits excise tax”. And this is one of the reasons H.R. 25 creates an “Excise Tax Bureau” which is in addition to the “Sales Tax Bureau” , and will be ready, if H.R.25 went into effect, to re-establish the very miseries which we now experience under the IRS and an “income tax” --- a tax also calculated from profits, gains and other “incomes”.


If the authors of the alleged fair tax were sincere about removing from Congress’ powers its power to lay and collect taxes calculated from profits, gains and other “incomes” and not trying to pull something slick over the American People, H.R. 25 would contain a stipulation in its language that the fair tax shall not go into operation until the 16th Amendment is repealed and the repeal would contain the language I stated above. Keep in mind that our existing Constitution contained a stipulation which required its ratification by nine States before it could be put into operation!

But don’t expect our fair tax point men such as Mike Huckabee, Neal Boortz, Herman Cain, and others, to address the above facts and unwind the con job written into H.R. 25. Their job is to mesmerize the unsuspecting with a con artists’ hook --- that our beloved IRS will be closed down and “income taxes” will come to a screeching halt.

JWK
Read the freaken fair tax bill so we don’t have to find out what’s in it after if passes.

 

[danielpalos]

If you want to pay off debt and balance the budget;


-Base Federal tax for corporations at 30% of revenue.

-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2013 rise in food, shelter, and transportation.

-Eliminate all business subsidies (deductions/write-offs/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees with the Feds refunding city, State, and fees.

-Companies with 400 employees or less, employee expenses above the deduction are subsidized at 100% with funds usually give back to the States.

-Adjust Social Security and private/public retirement and pension payments using 1970-2013 price structure.

-Remove the FICA limit.

-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years which will eliminate inflation.

-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.

-Make inversion illegal.

sounds too complicated. 1st rule of budgeting - Keep things simple and not cluttered. Another words abolish the IRS. That eliminates 90% of the above.

A-freaken-men to ending federal taxes calculated from lawfully earned incomes and shutting down the IRS as we know it.

Now, which one of our so-called "conservatives" in Congress will introduce the Fair Share Balanced Budget Amendment?


JWK






“Honest money and honest taxation, the Key to America’s future Prosperity“ ___ from “Prosperity Restored by the State Rate Tax Plan”, no longer in print.

I believe I read that my newly elected Senator from Georgia, David Perdue and Senator Jerry Moran (R-KS) introduced a bill with the Fair Tax Amendment. That is a consumption tax that takes the place of all other taxes.

Here is the link
Fair Tax News Georgia for FairTax

The "fairtax" [H.R. 25] proposes to create two new taxes, a 23 % tax upon the purchase of articles of consumption, and a 23 % tax upon the sale of labor. In addition, the "fairtax" would not withdraw Congress' power to lay and collect taxes calculated from profits, gains and other lawfully earned incomes. But the Fair Share Balanced budget would withdraw Congress' power to lay and collect taxes calculated from all lawfully earned incomes in addition to balancing the annual budget!

Do you support the Fair Share Balanced Budget Amendment?


JWK





“Honest money and honest taxation, the Key to America’s future Prosperity“ ___ from “Prosperity Restored by the State Rate Tax Plan”, no longer in print.

Nope; a "fair" tax is a social concept not a capital concept under our form of capitalism. If the right wants to get more social and not have to practice in Cuba, they need to get more cognitively sonant as to what it is they really really want to get serious with.

 

[TooTall]

You apparently know NOTHING about the Fair Tax and I will not waste my time educating you. Buy the book or read the proposed bill and you will see how wrong you are.

So tell us your effective federal tax rate for 2014, and what your effective rate will be under the 'fair tax.'

Buy the book on Fair Tax. My tax rate is none of your business.

 

[johnwk]

You apparently know NOTHING about the Fair Tax and I will not waste my time educating you. Buy the book or read the proposed bill and you will see how wrong you are.

So tell us your effective federal tax rate for 2014, and what your effective rate will be under the 'fair tax.'

Buy the book on Fair Tax. My tax rate is none of your business.

Rub the "book" on your chest! The “book” is a misrepresentation of the “fairtax” [H.R. 25] and nothing more than propaganda! THE "FAIRTAX" DOES NOT END TAXES CALUCLATED FROM LAWFULLY EARNED INCOMES!


JWK







To support Jeb Bush is to support a continuance of Obama's illegal immigration tyranny!

 

[bripat9643]

If you want to pay off debt and balance the budget;


-Base Federal tax for corporations at 30% of revenue.

-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2013 rise in food, shelter, and transportation.

-Eliminate all business subsidies (deductions/write-offs/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees with the Feds refunding city, State, and fees.

-Companies with 400 employees or less, employee expenses above the deduction are subsidized at 100% with funds usually give back to the States.

-Adjust Social Security and private/public retirement and pension payments using 1970-2013 price structure.

-Remove the FICA limit.

-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years which will eliminate inflation.

-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.

-Make inversion illegal.

sounds too complicated. 1st rule of budgeting - Keep things simple and not cluttered. Another words abolish the IRS. That eliminates 90% of the above.

A-freaken-men to ending federal taxes calculated from lawfully earned incomes and shutting down the IRS as we know it.

Now, which one of our so-called "conservatives" in Congress will introduce the Fair Share Balanced Budget Amendment?


JWK






“Honest money and honest taxation, the Key to America’s future Prosperity“ ___ from “Prosperity Restored by the State Rate Tax Plan”, no longer in print.

I believe I read that my newly elected Senator from Georgia, David Perdue and Senator Jerry Moran (R-KS) introduced a bill with the Fair Tax Amendment. That is a consumption tax that takes the place of all other taxes.

Here is the link
Fair Tax News Georgia for FairTax

The "fairtax" [H.R. 25] proposes to create two new taxes, a 23 % tax upon the purchase of articles of consumption, and a 23 % tax upon the sale of labor. In addition, the "fairtax" would not withdraw Congress' power to lay and collect taxes calculated from profits, gains and other lawfully earned incomes. But the Fair Share Balanced budget would withdraw Congress' power to lay and collect taxes calculated from all lawfully earned incomes in addition to balancing the annual budget!

Do you support the Fair Share Balanced Budget Amendment?


JWK





“Honest money and honest taxation, the Key to America’s future Prosperity“ ___ from “Prosperity Restored by the State Rate Tax Plan”, no longer in print.

Nope; a "fair" tax is a social concept not a capital concept under our form of capitalism. If the right wants to get more social and not have to practice in Cuba, they need to get more cognitively sonant as to what it is they really really want to get serious with.

The FAIR tax is a specific legislative proposal. It's not a concept.

 

[Wry Catcher]

.

I happen to be a firm believer in requiring our federal government to balance the budget on an annual basis. To not do so opens the door to accumulating a massive federal debt, as has happened, depriving our nation’s younger generation of their economic liberty in that they are now in debt to the tune of $127 Trillion! See You Think The Deficit Is Bad? Federal Unfunded Liabilities Exceed $127 Trillion

My personal choice for a balanced budget amendment is following what our Founders intended, and is reflected in the FAIR SHARE BALANCED BUDGET AMENDMENT which follows.


The Fair Share Balanced Budget Amendment


“SECTION 1. The Sixteenth Amendment is hereby repealed and Congress is henceforth forbidden to lay ``any`` tax or burden calculated from profits, gains, interest, salaries, wages, tips, inheritances or any other lawfully realized money.


NOTE: these words would return us to our founding father’s ORIGINAL TAX PLAN as they intended it to operate! They would also end the experiment with allowing Congress to lay and collect taxes calculated from lawfully earned "incomes" which now oppresses America‘s economic engine and robs the bread which working people have earned when selling their labor!

"SECTION 2. Congress ought not raise money by borrowing, but when the money arising from imposts duties and excise taxes are insufficient to meet the public exigencies, and Congress has raised money by borrowing during the course of a fiscal year, Congress shall then lay a direct tax at the beginning of the next fiscal year for an amount sufficient to extinguish the preceding fiscal year's deficit, and apply the revenue so raised to extinguishing said deficit."


NOTE: Congress is to raise its primary revenue from imposts and duties, [taxes at our water’s edge], and may also lay miscellaneous internal excise taxes on specifically chosen articles of consumption. But if Congress borrows and spends more than is brought in from imposts, duties and miscellaneous excise taxes during the course of a fiscal year, then, and only then, is the apportioned tax to be laid.


"SECTION 3. When Congress is required to lay a direct tax in accordance with Section 1 of this Article, the Secretary of the United States Treasury shall, in a timely manner, calculate each State's apportioned share of the total sum being raised by dividing its total population size by the total population of the united states and multiplying that figure by the total being raised by Congress, and then provide the various State Congressional Delegations with a Bill notifying their State’s Executive and Legislature of its share of the total tax being collected and a final date by which said tax shall be paid into the United States Treasury."


NOTE: our founder’s fair share formula to extinguish an annual deficit would be:

States’ population

---------------------------- X SUM TO BE RAISED = STATE’S FAIR SHARE

Total U.S. Population


The above formula, as intended by our founding fathers, is to insure that those states who contribute the lion’s share of the tax are guaranteed a representation in Congress proportionately equal to their contribution, i.e., representation with proportional financial obligation!


Note also that each State’s number or Representatives, under our Constitution is determined by the rule of apportionment:


State`s Pop.
------------------- X House size (435) = State`s No. of Representatives
U.S. Pop.


"SECTION 4. Each State shall be free to assume and pay its quota of the direct tax into the United States Treasury by a final date set by Congress, but if any State shall refuse or neglect to pay its quota, then Congress shall send forth its officers to assess and levy such State's proportion against the real property within the State with interest thereon at the rate of ((?)) per cent per annum, and against the individual owners of the taxable property. Provision shall be made for a 15% discount for those States paying their share by ((?))of the fiscal year in which the tax is laid, and a 10% discount for States paying by the final date set by Congress, such discount being to defray the States' cost of collection."


NOTE: This section respects the Tenth Amendment and allows each state to raise its share in its own chosen way in a time period set by Congress, but also allows the federal government to enter a state and collect the tax if a state is delinquent in meeting its obligation.


"SECTION 5. This Amendment to the Constitution, when ratified by the required number of States, shall take effect no later than (?) years after the required number of States have ratified it.


JWK


“…..with all these blessings, what more is necessary to make us a happy and a prosperous people? Still one thing more, fellow-citizens—a wise and frugal Government, which shall restrain men from injuring one another, shall leave them otherwise free to regulate their own pursuits of industry and improvement and shall not take from the mouth of labor the bread it has earned. This is the sum of good government, and this is necessary to close the circle of our felicities“. Thomas Jefferson, First Inaugural Address

Not just no, but HELL NO!

We do not live in the 18th Century, no matter how the reactionary right spins the issues, the world is a much different place than it was 200 + years ago.

 

[bendog]

.

I happen to be a firm believer in requiring our federal government to balance the budget on an annual basis. To not do so opens the door to accumulating a massive federal debt, as has happened, depriving our nation’s younger generation of their economic liberty in that they are now in debt to the tune of $127 Trillion! See You Think The Deficit Is Bad? Federal Unfunded Liabilities Exceed $127 Trillion

My personal choice for a balanced budget amendment is following what our Founders intended, and is reflected in the FAIR SHARE BALANCED BUDGET AMENDMENT which follows.


The Fair Share Balanced Budget Amendment


“SECTION 1. The Sixteenth Amendment is hereby repealed and Congress is henceforth forbidden to lay ``any`` tax or burden calculated from profits, gains, interest, salaries, wages, tips, inheritances or any other lawfully realized money.


NOTE: these words would return us to our founding father’s ORIGINAL TAX PLAN as they intended it to operate! They would also end the experiment with allowing Congress to lay and collect taxes calculated from lawfully earned "incomes" which now oppresses America‘s economic engine and robs the bread which working people have earned when selling their labor!

"SECTION 2. Congress ought not raise money by borrowing, but when the money arising from imposts duties and excise taxes are insufficient to meet the public exigencies, and Congress has raised money by borrowing during the course of a fiscal year, Congress shall then lay a direct tax at the beginning of the next fiscal year for an amount sufficient to extinguish the preceding fiscal year's deficit, and apply the revenue so raised to extinguishing said deficit."


NOTE: Congress is to raise its primary revenue from imposts and duties, [taxes at our water’s edge], and may also lay miscellaneous internal excise taxes on specifically chosen articles of consumption. But if Congress borrows and spends more than is brought in from imposts, duties and miscellaneous excise taxes during the course of a fiscal year, then, and only then, is the apportioned tax to be laid.


"SECTION 3. When Congress is required to lay a direct tax in accordance with Section 1 of this Article, the Secretary of the United States Treasury shall, in a timely manner, calculate each State's apportioned share of the total sum being raised by dividing its total population size by the total population of the united states and multiplying that figure by the total being raised by Congress, and then provide the various State Congressional Delegations with a Bill notifying their State’s Executive and Legislature of its share of the total tax being collected and a final date by which said tax shall be paid into the United States Treasury."


NOTE: our founder’s fair share formula to extinguish an annual deficit would be:

States’ population

---------------------------- X SUM TO BE RAISED = STATE’S FAIR SHARE

Total U.S. Population


The above formula, as intended by our founding fathers, is to insure that those states who contribute the lion’s share of the tax are guaranteed a representation in Congress proportionately equal to their contribution, i.e., representation with proportional financial obligation!


Note also that each State’s number or Representatives, under our Constitution is determined by the rule of apportionment:


State`s Pop.
------------------- X House size (435) = State`s No. of Representatives
U.S. Pop.


"SECTION 4. Each State shall be free to assume and pay its quota of the direct tax into the United States Treasury by a final date set by Congress, but if any State shall refuse or neglect to pay its quota, then Congress shall send forth its officers to assess and levy such State's proportion against the real property within the State with interest thereon at the rate of ((?)) per cent per annum, and against the individual owners of the taxable property. Provision shall be made for a 15% discount for those States paying their share by ((?))of the fiscal year in which the tax is laid, and a 10% discount for States paying by the final date set by Congress, such discount being to defray the States' cost of collection."


NOTE: This section respects the Tenth Amendment and allows each state to raise its share in its own chosen way in a time period set by Congress, but also allows the federal government to enter a state and collect the tax if a state is delinquent in meeting its obligation.


"SECTION 5. This Amendment to the Constitution, when ratified by the required number of States, shall take effect no later than (?) years after the required number of States have ratified it.


JWK


“…..with all these blessings, what more is necessary to make us a happy and a prosperous people? Still one thing more, fellow-citizens—a wise and frugal Government, which shall restrain men from injuring one another, shall leave them otherwise free to regulate their own pursuits of industry and improvement and shall not take from the mouth of labor the bread it has earned. This is the sum of good government, and this is necessary to close the circle of our felicities“. Thomas Jefferson, First Inaugural Address

Not just no, but HELL NO!

We do not live in the 18th Century, no matter how the reactionary right spins the issues, the world is a much different place than it was 200 + years ago.

prolly should have shored up that dam outside Johnsonville Pa too, but also a bit late for that. LOL

We fell for W's bs when Forbes was the guy who really wanted econ reform. Or at least the gop did. I voted Forbes in the primary.

 

[g5000]

I believe I read that my newly elected Senator from Georgia, David Perdue and Senator Jerry Moran (R-KS) introduced a bill with the Fair Tax Amendment. That is a consumption tax that takes the place of all other taxes.

Here is the link
Fair Tax News Georgia for FairTax

Which increases taxes on those that consume the most. Middle-class and poor.

Which is why there is a prebate in the Fair Tax.

You should familiarize yourself with the Fair Tax before you blindly criticize it.

 

[g5000]

Should the Republican Congress send a balanced budget amendment to the States?

Why would the Republican Congress do such a thing seeing as how they have no interest in balancing the budget?

You obviously have not been paying attention.

JOHN CASSIDY
FEBRUARY 11, 2013

According to a piece by the National Review’s Robert Costa, Senate Minority Leader Mitch McConnell and his number two, John Cornyn, hope to introduce a bill as early as Thursday that which would enshrine in the Constitution a requirement for the federal government to balance its spending and revenues. House Republicans, including Paul Ryan, are also reportedly lining up behind the idea, which has long been part of the conservative agenda. In 1982, Ronald Reagan endorsed the concept. In 1994, it was an element of the Contract with America. And in 2010, it returned to the national agenda as part of the Tea Party platform. During the past thirty years, Congress has on numerous occasions considered and rejected bills incorporating a balanced budget amendment, most recently in 2011.

I go by deeds, not words. And the action of Republicans is big spending.

Stick around for a few more Republican and Democratic Presidents and Congresses. You won't be able to say with a straight face that only one party spends too much.

 

[g5000]

So tell us your effective federal tax rate for 2014, and what your effective rate will be under the 'fair tax.'

The proposed starting point for the Fair Tax is 23 percent.