Conservatives Just Don't Get It on Taxesby Laurence M. VanceJan. 09, 2015 |
Sen. Hawley: Send National Guard to Crush Pro-Palestine Protests Like 'Eisenhower Sent the 101st to Little Rock'
Mistrial Declared in Case of Arizona Rancher Accused of Killing Migrant Trespasser
AP: 'Israeli Strikes on Gaza City of Rafah Kill 22, Mostly Children, as U.S. Advances Aid Package'
John Podhoretz Demands National Guard Be Sent Into Columbia U to Put Down Pro-Palestine Protests
House Passes $95B Foreign Aid Giveaway to Israel, Ukraine and Taiwan, Combined With TikTok Ban
Now that the Republicans have regained the control of the Senate that they lost in the 2006 midterm election, conservatives are salivating about the prospect of “real” or “genuine” tax reform. Conservatives believe that reforming the tax code by making it more efficient, more coherent, more transparent, and more equitable; eliminating the double taxation that discourages saving and investment; eliminating the “rat’s nest” of deductions, credits, and exemptions; broadening the tax base; switching to a territorial tax system; decreasing the number of tax brackets; and lowering tax rates will lead to increased capital formation, entrepreneurship, family incomes, and economic growth. They raise some valid and important points and make some perfectly logical and reasonable arguments to support them. But because conservatives believe that tax reform should be constrained by some dubious principles, and because they don’t oppose taxes on principle, it is no surprise that they just don’t get it on taxes. Read More |