TaxBytes

Using a legal loophole to violate the intent of Congress with a magic $1 trillion platinum coin would have far more dangerous results than anything resulting from the debt ceiling standoff.

If people believe that government is too big and spends too much money, why can’t we build political support for spending cuts?

Calls for higher taxes on the wealthy are not really about “fairness,” but rather are about who controls and directs capital in our economy—capitalists themselves or government elites?

Congress and the President have failed—utterly—to run a government that operates within a reasonable level that the American economy can afford to fund. When they talk about raising taxes, they are just trying to paper over their failures—with your money.

The election was an opportunity for the American people to pull back from the abyss formed by all of these “cliffs” we face. But instead of stepping back from the abyss, it appears that the American people have decided take a step closer, lean forward, and gaze into the abyss.

Governor Haslam of Tennessee was “surprised” to hear he had a failing fiscal grade and has argued that his tax increases were for the kids. When a politician uses kids as defense, grab your liberties and your wallet, as you are about to lose at least one. In this case, in the Main Street Fairness Act, politicians have found a way to take both.

The incoming president and Congress must take immediate steps to stimulate real economic growth, which will make pursuing the rest of their agenda and solving our other problems possible, and easier.

The reason Obama and Biden are convinced Romney’s tax plan cannot work is that having failed themselves to grow the economy, they are defining economic growth out of the equation.

What government should be asking is: Would we rather have 22 percent of a thriving, growing business sector, or 35 percent of a moribund, struggling business sector?

The IRS’s proposed “Real-Time Tax System” will result in a nightmare of compliance, increased IRS spending, and ultimately the loss of our system of voluntary tax compliance.