Sunday, December 28, 2014

Republicans Need To Play Hard Ball On Tax Reform

In January, Republicans will control both Houses of the Congress with solid majorities.   They should use their new found power to implement Comprehensive Tax Reform that includes legislation impacting both Personal and Corporate Income Taxes.  It may require the same kind of hard ball politics that the Socialists used to ram through ObamaCare; but it is necessary if we are going to see significant economic growth and job creation again in America.  Don't forget that the official unemployment rate of 5.8% is bogus.  The real unemployment rate is around 11% if all people are counted, the unemployed, the under employed working part time that want full time work and those that have just given up looking for work altogether. 

And, Obamanomics has resulted in about 50 million people on Welfare and Food Stamps, up 20 million since Obama was first elected.  In addition, there are now about 10 million Americans collecting Disability Benefits, up 2 million since Obama first took office, which comes right out of the Social Security Trust Fund that is headed toward insolvency.  Minorities in particular have really suffered under our first Black President. 

If we are going to fix all of this, we need Comprehensive Tax Reform that lowers both Personal and Corporate Income Tax Rates to give people and companies an incentive to invest in America.  In lowering rates, we need to get rid of various deductions and loop holes that distort markets and to create a level playing field for small businesses that employ 70% of Americans.  Republicans should just enact Common Sense Comprehensive Tax Reform and send it to Obama's desk.

The Socialists will scream Class Warfare about any Tax Reform; but the reality is that the Republicans don't need the Socialists in Congress anyway to get the job done.   Republicans have the votes to make it happen.  Republicans should enact legislation that is good for our country, regardless to prove that they can govern and send those bills to Obama's Desk.   Emperor Pinocchio Obama may very well veto many of these bills; but so what.  At least the American people will see clearly a Republican vision for America to pave the way for the elections of 2016.     

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