Recently, Republican leaders in Congress unveiled a "tax reform" plan
that they claimed would provide the American people with a simpler,
fairer, and more efficient tax system. While this plan does lower some
tax rates and contains some other changes that may make next April a
little less painful for Americans, there is little in it to excite
supporters of liberty.
Taxes may even increase under this plan for some Americans, as it eliminates some of those tax deductions labeled “loopholes.” When I served in Congress I opposed bills that “closed loopholes” because closing loopholes is just a fancy way of saying raising taxes. Anything that leaves more money in the hands of the people is beneficial to both liberty and economic efficiency. As economist Thomas DiLorenzo put it, "...private individuals always spend their own money more efficiently than government bureaucrats do,” therefore sound economics, as well as a concern for liberty, requires opposition to any proposal to "let government bureaucrats spend more of the people's hard-earned money.”
http://townhall.com/columnists/ronpaul/2014/05/20/tax-reform-useless-without-spending-reform-n1840207
Taxes may even increase under this plan for some Americans, as it eliminates some of those tax deductions labeled “loopholes.” When I served in Congress I opposed bills that “closed loopholes” because closing loopholes is just a fancy way of saying raising taxes. Anything that leaves more money in the hands of the people is beneficial to both liberty and economic efficiency. As economist Thomas DiLorenzo put it, "...private individuals always spend their own money more efficiently than government bureaucrats do,” therefore sound economics, as well as a concern for liberty, requires opposition to any proposal to "let government bureaucrats spend more of the people's hard-earned money.”
http://townhall.com/columnists/ronpaul/2014/05/20/tax-reform-useless-without-spending-reform-n1840207
No comments:
Post a Comment