Archive for the ‘Taxes’ Category

Club for Growth Praises Congressman Ron Paul

Thursday, July 21st, 2011

The Club for Growth has issued an updated White Paper on Congressman Ron Paul that notes
–Ron Paul’s record on taxes is excellent, epitomized by his rallying cry for phasing out the IRS. A strong believer in the economic benefits of tax cuts, he declared in a 2006 article, “I reject the notion that tax cuts harm the economy. The economy suffers when government takes money from your paycheck that you otherwise spend, save, or invest. Taxes never create prosperity.”

–”Rep. Paul’s strong belief in limited government translated into an impressive list of votes against increased federal spending:

Voted against the Medicare Prescription Drug Act
Voted for a substitute amendment to balance the budget by 2002 by cutting non-defense discretionary spending and applying the savings to increased tax cuts
Voted for an amendment to prohibit the use of appropriated funds for the development of national reading and math tests
Voted nine out of nine times against raising his own pay
Voted against increased funding for the Legal Services Corporation
Voted for the fiscally conservative Republican Study Committee budget multiple times
Was 1 of 41 congressmen to vote against No Child Left Behind
Voted to cut mohair, sugar, and Viagra subsidies
Voted against the subsidy-laden 2002 Farm Bill
Voted against the 1998 and 2005 Highway bill, only 1 of 9 to vote against the pork-filled 2005 bill
Voted against the Stimulus, TARP, auto bailout, and Cash for Clunkers

–”Rep. Paul’s limited-government philosophy found a particularly useful victim in the country’s entitlement programs. Long in favor of reducing individual dependence on government, Rep. Paul was a vociferous opponent of Medicare Part D, calling it “firmly in keeping with the failed New Deal and Great Society programs of the utopian left.” Some of his most pro-growth votes include:

Voted to lift the limitations and caps on medical savings accounts
Voted to allow individuals to deduct the cost of medical savings accounts from their taxable income
Voted against the Medicare Prescription Drug Bill
Voted to allow small businesses to band together to buy health insurance for their employees
Voted against SCHIP
Voted against ObamaCare

–”Ron Paul has a stellar record of protecting political free speech. He has consistently voted against pernicious bills seeking to gag political speech in the public sphere. Some examples:

Voted against the anti-speech 527 Reform Bill
Voted against various forms of McCain-Feingold
Voted against the DISCLOSE Act, which would reassert McCain-Feingold ideas that were declared unconstitutional.
Voted against the Fairness Doctrine, which would allow government to control the balance of messaging on the airwaves.
There is no question about Rep. Paul’s steadfast respect for the First Amendment.

The full report, including sometimes reasonable criticisms of Congressman Paul can be found @ http://www.clubforgrowth.org/whitepapers/?subsec=137&id=921

Unspeakable attack on Middle Class California

Tuesday, July 12th, 2011

For several years writers at the Los Angeles Times have been promoting the story line that the financial problems of California’s government can be traced to one thing – Proposition 13 and its limits on property taxes that California residents and business owners must pay. This despite the fact that property taxes collected by the state and county governments in California today are many times higher than the amount collected when Proposition 13 was passed. Unmentioned is the massive expansion of state government spending to benefit special interests and to pay excessive salaries to California government employees.

Most recently Steve Lopez ran a column praising Los Angeles Mayor Villaraigosa for his “bravery” in calling for a modification of Proposition 13 – see his column @ http://www.latimes.com/news/local/la-me-0710-lopez-mayoronprop13-20110710,0,3252606.column

I have sent an email to Steve Lopez on the subject, and I reprint here for public viewing:
Mr Lopez,

Last Sunday I saw once again you had a column blaming Proposition 13 for California’s financial problems. You referred to Mayor Villaraigosa as brave because he has called for modifying or ending Proposition 13.

I know that you, George Skelton, Michael Hitzik and other writers for the Los Angeles Times have written about how Proposition 13 deprives the state government of needed revenue. Why do you only write, when you can actually do something about it right now?

You can legally request that the Los Angeles County Assessor’s office re-appraise your house, so that you can pay more up to date taxes. You can hire a private appraisser to re-appraise your house, then you can voluntarily send the extra amount to the state and county governments.

If that is too much trouble, you can with a calculator figure out what 2% or 3% of the value of your home would be, and send that amount to the tax collector. You can do all this even as you continue to write in favor of forcing other Californians to pay more.

Are you going to do any of these? If not, why not? If you don’t volunarily send more money to the state of California, why should anyone believe you when you say that California needs more revenue from its property tax?

I am sure Mr Skelton and Mr Hitzik own their own homes. You can suggest to them that they send in a higher amount voluntarily when they pay their property tax.

Even better: the Los Angeles Times probably owns much more property than you, Mr Skelton and Mr Hitzik combined. You can suggest to Sam Zell that the Tribune Corporation ask to have the Times properties re-appraised so that your employer can pay higher property taxes. Of course Mr Zell will need permission from the bankruptcy Judge to undertake this effort, even as it is much needed by the state of California.

Of course, the question remains why anyone should consider a newspaper in bankruptcy a good source of advice on fiscal policy.

I do notice that you never talk to an ordinary California property owner who might rely on Proposition 13 to keep their house affordable. You never talk to a small business owner who might want to have a predictable cost of his property to plan his business operations. Maybe you don’t know a small business owner in such a situation.

I own my own book shop in Riverside, one of only two locally owned book shops in this city. I sell books to high school and college students that they need for their classes, and I sell to people who just want to learn things or be entertained. If Proposition 13 is modified, I will have to close my business. That will be your contribution to the decline of literacy Mr Lopez.

I used to admire your writing, when Bush was President and you opposed the Iraq War. I now have no respect for you or your lack of journalistic ethics, when you present a totally one-sided propaganda campaign in favor of taking – stealing – from the productive people of California, and giving the money to wasteful and dishonest politicians.

I have read the Los Angeles Times for many years, since about 1972. It was a great paper. It is clearly in decline now, and the poisonous pro-government propaganda from Mr Skelton, Mr Hitzik and you are a reflection of that decline. The one sign of life at the Times was the expose of the Bell City government, and you seem to have learned nothing from that.

Have you looked at the fact that the California state goverment takes in much more revenue from property taxes now than at the time Prop. 13 was passed? There have been many sales of homes and business properties in the state, leading to re-assessment and higher taxes on higher property values. The big run-up in real estate prices during the recent bubble not only has lead to significant increases in property taxes throughout California, but also gave the state much revenue from the 3% sales tax on sales of real estate. You have not ever made reference to these facts in your column.

If you would ever like to let your readers know there is another side to this, you can call me at Renaissance Book Shop – (951) 369-8843 between 12:00 noon and 7:30 PM Monday through Saturday. Or you can visit me at 3772 Elizabeth Street, in Riverside, and see what will be lost if you have your way and Prop 13 goes away.

I will candidly say that if the Los Angeles Times does not emerge from Bankruptcy, I will not miss your column.

Sincerely,

Gene Berkman

Update: Steve Lopez sent this very thoughtful response to my message:

“I’d remind you that we’re only talking about adjustments that would lead to a more equitable system of revenue stability, with service benefits to all, with no intention of putting anyone out of house or business. But why should I bother wasting time on a dialogue with someone who insults me, my colleagues and the paper, with generalized nonsensical blather about our pro-government missions?”

Rep Alan Grayson introduces The War is Making You Poor Act H.R. 5353

Saturday, August 14th, 2010

Costly IRS Mandate Slipped into Health Bill

Friday, April 30th, 2010

“Most people know about the individual mandate in the new health care bill, but the bill contained another mandate that could be far more costly.”

“A few wording changes to the tax code’s section 6041 regarding 1099 reporting were slipped into the 2000-page health legislation. The changes will force millions of businesses to issue hundreds of millions, perhaps billions, of additional IRS Form 1099s every year. It appears to be a costly, anti-business nightmare.”

“Under current law, businesses are required to issue 1099s in a limited set of situations, such as when paying outside consultants. The health care bill includes a vast expansion in this information reporting requirement in an attempt to raise revenue for an increasingly rapacious Congress.”

“In a recent summary, tax information firm RIA notes the types of transactions covered by the new 1099 rules:

The 2010 Health Care Act adds “amounts in consideration for property” (Code Sec. 6041(a) as amended by 2010 Health Care Act §9006(b)(1)) and “gross proceeds” (Code Sec. 6041(a) as amended by 2010 Health Care Act §9006(b)(2)) to the pre-2010 Health Care Act categories of payments for which an information return to IRS will be required if the $600 aggregate payment threshold is met in a tax year for any one payee. Thus, Congress says that for payments made after 2011, the term “payments” includes gross proceeds paid in consideration for property or services.

“Basically, businesses will have to issue 1099s whenever they do more than $600 of business with another entity in a year. For the $14 trillion U.S. economy, that’s a hell of a lot of 1099s…”

Complete  commentary  by Chris Edwards @ http://www.cato-at-liberty.org/2010/04/26/costly-irs-mandate-slipped-into-health-bill/

Grace-Marie Turner: Obamacare will make every day feel like April 15th

Wednesday, April 14th, 2010

“New taxes on investments, taxes on medical supplies, taxes on drugs and health insurance, and taxes on you if you are just breathing… the list of taxes Americans will face just got a lot longer thanks to ObamaCare.”

“The health overhaul plan just enacted represents the largest tax hike in U.S. history – $569 billion over 10 years through a dizzying array of taxes and fees that promise to frustrate taxpayers at every turn.  ObamaCare will make every day feel like April 15th.”

“And despite President Obama’s campaign promise that no one making $250,000 or less would see a tax increase, Congress’ Joint Committee on Taxation confirms that these tax hikes will hit millions of middle- and working-class families who are struggling to make ends meet.”

Read more at the Washington Examiner: http://www.washingtonexaminer.com/opinion/columns/OpEd-Contributor/Grace-Marie-Turner-Obamacare-will-make-every-day-feel-like-April-15th-90773369.html#ixzz0l7TMJ4Fa