Thursday, February 27, 2014

And now for another tax reform that will fail

I like the proposed income tax plan--removes deductions (aka loopholes). It won't fly though, because by simplifying taxes it takes away the government's power to intimidate. Democrats will vote nay on this one because there is no way to stroke favored classes and groups to get votes.

In 1893 the Congress passed an income tax and the Supreme Court ruled it unconstitutional in 1895. But Congress then passed the 16th amendment which was ratified by the states in 1913. Except it wasn't. This came to light when someone actually searched all state records involving ratification of the 16th amendment. In 1913 Americans were told it would only affect 1% of most of the population. It would only soak the rich. Class warfare even then. The Constitution forbids an income tax (Art. 1, Sec. 9).

“House Ways and Means Committee Chairman Dave Camp released his long-awaited and highly anticipated proposal for tax reform. The proposal [1,000 pages] promised to present the most thorough, sweeping changes to the law since the 1986 Act, and it didn’t disappoint.”

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