g5000
Diamond Member
- Nov 26, 2011
- 125,215
- 68,917
- 2,605
Ban all tax expenditures. I have talked about this so often I bet a few people are groaning right now hearing me say it again.
Every dollar paid out in tax expenditures is a dollar that has to come from someone else's pocket or has to be borrowed. We are spending $1.2 trillion a year on tax expenditures. We have a $17 trillion debt. Coincidence? Nope.
Banning tax expenditures means we will no longer have the insane situation where people earning identical incomes are paying wildly variant amounts of taxes. Banning tax expenditures means we can lower tax rates for everyone.
Banning tax expenditures also means instant campaign finance reform. If a Congressman cannot put a carve-out in the tax code for campaign donors, there is no incentive for those donors to give him campaign cash. The attempts at campaign finance reform of the past half century have had ZERO impact on the re-election rate of incumbents. Banning tax expenditures would deplete campaign war chests.
Every dollar paid out in tax expenditures is a dollar that has to come from someone else's pocket or has to be borrowed. We are spending $1.2 trillion a year on tax expenditures. We have a $17 trillion debt. Coincidence? Nope.
Banning tax expenditures means we will no longer have the insane situation where people earning identical incomes are paying wildly variant amounts of taxes. Banning tax expenditures means we can lower tax rates for everyone.
Banning tax expenditures also means instant campaign finance reform. If a Congressman cannot put a carve-out in the tax code for campaign donors, there is no incentive for those donors to give him campaign cash. The attempts at campaign finance reform of the past half century have had ZERO impact on the re-election rate of incumbents. Banning tax expenditures would deplete campaign war chests.