Sunday, November 19, 2017

PUT THIS ON MY BILL

I may be sticking my head into the lions mouth, but I believe that a bill insuring revenue-neutral tax reform which provides for a more vibrant growth of the middle class would sail through Congress. I am not an economic scholar but in my mind if you strengthen the lower and middle classes you would increase their ability to spend creating additional revenue through economic growth rather than increases in taxation. Increase their ability to spend and you increase the need to hire, manufacture goods and the economy grows. Include a five per-cent across the board governmental spending reduction and a temporary reduction in the percentage of 401k contributions that are tax free down to four per-cent would be a good start.

Do we spend in ways that HARM US? Absolutely. Too many loopholes, too much money spent interfering in the worlds affairs, too many pork filled add-ons to appropriation bills thrown into the ass end of legislation merely to insure they get the votes they need for passage.

It seems easy to me. Reduce the size of the behemoth tax code by eliminating ridiculous rhetoric and creative exemptions to aid the well to do. Flatten the tax code. Reduce the corporate tax rate down to 28 percent, eliminate all taxes for anyone under the poverty level, and stop using the tax code to affect the behavior of its citizens. So called "sin taxes" should be eliminated as unconstitutional as well.

You cannot fix healthcare until you fix and stabilize the tax code. Put that into a bill and you may get some sense of bipartisanship back on the Beltway. It seems easy to me.
At least in the "World According to Kimba." Thanks for reading.

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