Nemo me impune lacessit

No one provokes me with impunity


No Title of Nobility shall be granted by the United States: And no Person holding any Office of Profit or Trust under them, shall, without the Consent of the Congress, accept of any present, Emolument, Office, or Title, of any kind whatever, from any King, Prince, or foreign State.

Article 1, Section 9, Constitution of the United States

If this is the law of the land...why in a republic (little r) and as republicans, do we allow mere POLITICIANS to the right to use a "title of office" for the rest of their lives as if it were de facto a patent of nobility. Because, as republicans, this should NOT be the case...just saying...

The Vail Spot's Amazon Store

Sunday, November 25, 2012

GOP Tax Proposals...

As a "grass roots" type (blogger w/a very small readership)  I think that it's time for us Tea Party types to propose some new well as support an end to ALL loopholes and subsidies.  Here are a few ideas:
  1. End the Hollywood Tax Exemptions
  2. End all subsidies (ethanol, agricultural, "green", whatever).  The federal government shouldn't be supporting any business sector for any reason.  If they can't make a business plan that works, then they should fail.
  3. Place severe limits on tax-exempt organizations to hoard funds. Congress should require them to spend at least 10 percent of their endowment each year, or better yet, eliminate NGO's tax exempt status that aren't religious based groups.
  4. Place sharp limits on the charitable deductions. Allow no more than a $50 million lifetime limit; better yet, place a $1 million to $5 million annual limit.
  5. Limiting the pay of nonprofit leaders (including university presidents and foundation heads) to no more than the pay of a member of Congress or a Supreme Court justice.
  6. Cap the mortgage interest deduction so houses worth more than $250,000 are ineligible.  OR limit the deduction amount to $250,000, and anything above that would be taxed.
  7. End deductibility of state and local property and income taxes.
  8. Eliminate all loopholes in the current income tas structure by passing a flat income tax...with the only exemption being poverty...
  9. AND, and a 50% surtax on all former federal employees (no matter what agency/government branch they worked for). [ht instapundit]
By passing these tax proposals, it would literally put a stick in the eye of Democrats everywhere. Those hardest hit would be in those high spending blue states.  They would no longer get the benefit of being refunded by the Federal Gov't their state and local taxes.  That would have the added benefit of giving the Fed Gov't a "bonus" in the form of about $40-50 billion per anum in "extra" taxes.

Furthermore, most of these taxes would end many of the subsidies upon which the Democratic party depends.  By forcing people in blus states to pay more in taxes (by eliminating that deduction for state/local taxes) it would in effect, put  a large crush on those states to spend thier taxes bases wouldn't have less money to spend...

As a conservative leanding individual, I have opposed subsidies to any business.  Basically, I'm fundamentally opposed to government supports of business.  Either a company can survive on it's own merits...or it will fail, leaving room for others to step in with better plans.  I  also oppose subisdies for agriculture.  Why in G-d's name are we paying/forcing farmers to either NOT grow food, or to turn food into fuel.  That makes no sense at all.

By passing a "flat income tax", and eliminating all the current loopholes of the warped, cracking system, the GOP can show just how hypocritical Democrats and the Democratic party is.

In closing, with the "fiscal cliff" looming, the GOP leadership, if they don't sell out the country by submitting stupidly, has the opportunity to literally turn the entire equation around and place the Democrats in the position of trying to cover their asses...

No comments: