Does anyone believe our tax system is fair and easy to comprehend? I’m a professional tax preparer, and there are sections of the Tax Code that I don’t understand completely (when I run across such an issue, I get help).
Even though it would probably eliminate a good portion of my business, I’m in favor of a fair flat tax. So is Alabama’s Richard Shelby who, according to this story in the Tuscaloosa News plans on reintroducing it in the Senate.
It’s doa in Congress, at least for now.
It can be both, of course; however, the National Taxpayers Union says of the Federal budget deficit, it’s too much spending. While Nancy Pelosi states that President Bush and Congressional Republicans have, “completely abandoned fiscal responsibility,” the National Taxpayers Union has a different view.
“Our review of the numbers shows that if Congress had exercised even very modest spending restraint over the past half dozen years, we would have no deficit problem today,” said NTU President John Berthoud.
In this article, Berthoud is quoted that if spending growth had been limited to 3.2%, there would be a surplus.
Below, I comment on California’s bankrupt budgeting process. According to this report from the Heritage Foundation, the Federal budgeting process is only slightly better. Among the points made in the report is that the budgeting process has a bias towards increased spending and increased taxes.
I didn’t need a report to tell me that.
