I was not surprised to read in Associated Press (Oct 5th), Rep. Wolf’s position that “everything must be on the table in negotiations to cut the deficit”. I interpret this “Washington Speak” to include revenue (TAX) increases in future budgets. I absolutely disagree. Our tax dollars have been “on the table” & career politicians continue to waste them.!!! The Federal Government takes in too much money now. Congress has allowed this unprecedented debt and spending to grow out of control. Big government has been a poor steward of our Nation’s treasure.
We are approaching federal spending levels at 25% of GDP.!! This needs to come down to 18%. We don’t need to be discussing any SPENDING GROWTH. No more “Revenue Investments”. Big Government is not working, it is the problem. We need to begin dismantling this large bureaucracy. Additionally, consider our Total Tax Burden. The 30 year historical average has been 18%; the highest has been 20.6%. The projections with the expiration of the 2001 & 2003 tax cuts & more middle-class Americans require to pay the Alternative Minimum Tax (AMT) exceed all of this.
I find it disingenuous that Congressman Wolf personally attacks Grover Norquist and calls the American’s for Tax Reform (ATR) Taxpayer Protection Pledge, “a roadblock to realistically reforming our tax code”. I went to the ATR website and found this information:
Does the Pledge stand in the way of tax reform?
No. While ATR opposes any tax increase as a matter of principle, the Pledge does not require opposition to revenue neutral reform. However, for tax reform to be considered revenue neutral, a tax increase must be tied to an offsetting tax cut of at least equal size.
Generally, the offset must be specified in the same piece of legislation. Furthermore, the tax increase and tax cut must occur in a reasonable and corresponding time window, meaning a tax increase cannot simply be offset by a tax cut in the out-years.
I am not a member of ATR, nor a proponent of Mr. Norquist, but I fully agree with this statement and believe that most fiscal conservatives would also. It appears to be a good conceptual framework to use in reforming our Tax Code.
When will we see specific Government/Tax Reform proposals introduced as legislation or amendments from Congressman Wolf? It was a bit ironic to see $1.4T in government savings proposed by Senator Ron Johnson (R-GA) published in the Winchester Star the same day. In a word, LEADERSHIP.
Jay L. Marts