Fewer Taxes for Real Economic Stimulus

Taxes
were the issue last month as Americans struggled to make the April 15th
deadline to file their returns. It is a good time to contemplate the effects of
big government and what it does to our country. The income tax is one of
the most egregious encroachments on our liberties today. It is a form of
involuntary servitude, which was supposed to have been outlawed by the 13th
Amendment.
Tax
Freedom Day is defined as the day when the nation as a whole has theoretically
earned enough income to fund its annual federal tax burden. For all of
the days of the year before this day, you are a slave to government. For
2009, Tax Freedom Day will come on April 13th. Almost a
century ago in 1910, before the mistakes of 1913 – namely the inception of the
Federal Reserve and our current income tax, Tax Freedom Day was January 19th
– signifying a mere 5% tax burden. Somehow, our country functioned
just fine.
If
calculated to include government spending and the deficit, rather than just
collections, Tax Freedom Day would actually fall on May 29. The annual
deficit adds to the growing debt of future generations and adds insult to
injury to those that struggle to make this economy work. It is a slap in
the face that this is not enough to prevent this crushing governmental burden
from falling on the next generation.
For
months now, Washington has been desperately throwing taxpayers’ money at various
programs to stimulate us out of the recession, to no avail. Seeing
hard-earned money confiscated from the people and spent in such wasteful ways,
such as the recent bailouts, is almost too much to bear. Getting rid of
the income tax altogether, while very beneficial, may be a while in
coming. In the meantime, I am fighting for every tax cut or tax credit
possible.
I
can think of no better economic stimulus than letting people keep their money
and spend it how they see fit. For this reason, I am an original
cosponsor on a bill that would give Americans a two-month employment and income
tax holiday, while taking unused TARP money back from the Secretary of the
Treasury and putting it in the Social Security trust fund instead.
In
addition, I have recently introduced the Child Health Care Affordability
Act. If passed, this legislation would provide parents with a tax credit
of up to $500 for health care expenses of dependent children. I have also
re-introduced the Tax-Free Tips Act, which would make tips exempt from federal
income and payroll taxes. I am also an original cosponsor of a bill that
would make permanent the deduction of state and local sales taxes. My
bill, HR 162, exempts Social Security benefits from income tax.
These
are just a few of the many tax-related bills I am fighting for in Congress, but
without a corresponding cut in the size of government, which I am also fighting
for, we are simply adding to the future tax burden of our children.
___________
Congressman Ron
Paul of
To learn more
about Congressman Ron Paul, visit his Congressional
Home Page.
See Ron Paul's official website regarding his run for President in 2008.
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