National Politics - 2016

Rand Paul: A Big Tax Boast

CAN HE BACK IT UP? || By FITSNEWS || At the end of the day there are only two issues which matter in politics: Taxes and spending.  And while these may manifest and morph into a million and one different discussions … evoking the economy, ideology, philosophy, theology, you name it … when it’s all…

CAN HE BACK IT UP?

|| By FITSNEWS || At the end of the day there are only two issues which matter in politics: Taxes and spending.  And while these may manifest and morph into a million and one different discussions … evoking the economy, ideology, philosophy, theology, you name it … when it’s all said done we’re left with basic math.

And the simple reality that the worth of any candidate for any office (federal, state or local) is inextricably bound by his or her answers to the following three questions: 1) What are you going to spend the people’s money on?  2) How much of it are you going to spend?  and 3) Where are you getting it from?

Seriously … the rest is just rhetoric.

So naturally we were intrigued when U.S. Senator Rand Paul teased his 2016 tax policy at this year’s Conservative Political Action Conference (CPAC) in Washington, D.C.

“In the coming weeks, I will propose the largest tax cut in American history – a tax cut that will leave more money in the paychecks of every worker in America,” Paul said. “My tax plan will get the IRS out of your life and out of the way of every job creator in America.  My plan will also cut spending and balance the budget in just five years.”

Well, well …

Paul didn’t show his hand, his math … or even hint at how he might achieve these goals, although his reference to getting “the IRS out of your life” seems to indicate he is approaching the issue with the broad goal of either eliminating or dramatically curtailing the role of the hated Internal Revenue Service.

Good … if the 2013 IRS scandal taught us anything, it’s that this corrupt agency and its labyrinthine, outdated, anti-competitive tax code must go.

Obviously Paul won’t be the only 2016 presidential hopeful to propose such big ticket reform … which is why we look forward to seeing the numbers behind his plan (and any other proposals that get rolled out between now and next winter).

***

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45 comments

GrandTango February 28, 2015 at 12:37 pm

Only TWO issues matter in politcs: taxing and spending????….

The country is in a GIGANTIC F*#king mess…and exorbitant taxes and spending by Obama and the Democrats are only a part of the problem…not to mention: despite being the most dangerous taxer and spender in the history of the free-world…Obama got re-elected..Dumb@$$…

No wonder Ervin, Mace and Ravenel got the living S#!t kicked out of them w/ FITS as their “consultant.”…

I could not make this stuff up, if I tried…. The absolute ignorance of Conservative-haters – like FITS – is AMAZING…

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Emily Peterkin February 28, 2015 at 1:20 pm

“Only TWO issues matter in politcs: taxing and spending????….”

That and our vaginas. Hey, speaking of vaginas…ain’t it nice we have ’em?

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Not Fooled February 28, 2015 at 1:58 pm

Will, Emily, GrandTango, Flip…all the same.

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Bible Thumper February 28, 2015 at 2:20 pm

Are you still talking about vaginas?

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GrandTango February 28, 2015 at 3:57 pm

They usually talk about anything BUT reality. And I’m guessing THAT is not part of any of their reality., …LMAO…

Emily Peterkin February 28, 2015 at 4:18 pm

Vaginas are real…

euwe max February 28, 2015 at 8:53 pm

Vaginas may be real, but as Reagan said.. “trust, but verify!”

euwe max February 28, 2015 at 8:52 pm

LMAO!!

GrandTango February 28, 2015 at 3:24 pm

I do admire you level of industry, SR…even if you are getting a bit creepy in your desperation…LMAO…

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euwe max February 28, 2015 at 8:52 pm

LMAO!

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shifty henry March 1, 2015 at 9:28 am

Nothing could be finer than to lick your vagina in the morning,
Nothing could be sweeter than when you suck my peter in the morning.
When the morning glories twine around the door,
While you whisper, “Please, baby, do me once more!”

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FastEddy23 February 28, 2015 at 1:39 pm

First, Abolish the IRS … Then congress can figure out an acceptable alternative, acceptable to the Citizens, voters and taxpayers.

Do any of you really want the next generation to suffer under the jack boots of the IRS?

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Foreclosure Express February 28, 2015 at 1:46 pm

First quit your job, THEN look for an acceptable new one. Don’t worry bill collectors will understand your genius!

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FastEddy23 February 28, 2015 at 2:48 pm

Funny, I was just thinking that. Sell the businesses, sell the house, put everything in trusts, move to SC intercostal and go fishing.

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euwe max February 28, 2015 at 8:52 pm

put everything in trusts…
——-
cayman islands, live in the philippines… cheap pussy, live comfortably on 1k a month, fish..,.

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shifty henry March 1, 2015 at 9:01 am

Peru is good, too…..

FastEddy23 March 1, 2015 at 2:59 pm

… and a warm pace to take out a Shi’ite?

FastEddy23 March 1, 2015 at 6:33 pm

Actually the best state for trusts is Pennsylvania … patterned after the inventor, former US Treasury Secretary Andrew Mellon (http://en.wikipedia.org/wiki/Andrew_W._Mellon and see Mellon Family Trusts in Forbes Mag.) … as a defense against the Woodrow Wilson income tax and against local g’ment seizures.

Andrew Mellon in Wikipedia: “… Mellon believed that the income tax should remain progressive, but with lower rates than those enacted during World War I. He thought that the top income earners would willingly pay their taxes only if rates were 25% or lower. Mellon proposed tax rate cuts, which Congress enacted in the Revenue Acts of 1921, 1924, and 1926. The top marginal tax rate was cut from 73% to 58% in 1922, 50% in 1923, 46% in 1924, 25% in 1925, and 24% in 1929. Rates in lower brackets were also cut substantially, relieving burdens on the middle-class, working-class, and poor households.

By 1926 65% of the income tax revenue came from incomes $300,000 and higher, when five years prior, less than 20% did.[dubious – discuss] During this same period, the overall tax burden on those that earned less than $10,000 dropped from $155 million to $32.5 million.[7]

Mellon also championed preferential treatment for “earned” income relative to “unearned” income. As he argued in his 1924 book, Taxation: The People’s Business[8]

‘The fairness of taxing more lightly incomes from wages, salaries and professional services than the incomes from business or from investments is beyond question. In the first case, the income is uncertain and limited in duration; sickness or death destroys it and old age diminishes it. In the other, the source of the income continues; the income may be disposed of during a man’s life and it descends to his heirs.

Surely we can afford to make a distinction between the people whose only capital is their mental and physical energy, and the people whose income is derived from investments. Such a distinction would mean much to millions of American workers and would be an added inspiration to the man who must provide a competence during his few productive years to care for himself and his family when his earning capacity is at an end.[9]’

Mellon’s policies helped reduce the overall public debt (the national debt skyrocketed from $1.5 billion in 1916 to $24 billion in 1919 because of World War I obligations) from $33 billion in 1919 to about $16 billion in 1929,[10] but then the Depression caused it to rise again because of reduced revenue *and increasing spending*. …”

… That would be Woodrow Wilson’s government debt in 1919, which brought on “The Hidden Depression” of 1921-1922.

Fuzzy Math February 28, 2015 at 1:43 pm

Empty promises, empty of any hard math or any solid plans, made for empty headed voters to eat it up. Republicans can’t tell you how they will cut taxes AND balance the budget, they can’t because either the people will see everything they don’t want cut atrophy and wither or the plan will not be grounded in reality. There is no other option, they either propose something the people will furiously reject or they push for something that will never do what it claims it will. Most Americans aren’t going to be aware enough to call them on the latter so that is probably what they will go with. God bless America!!!!!!!! sigh

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FastEddy23 February 28, 2015 at 1:57 pm

Here is some hard math: the majority of Citizens do not have to pay any fed income tax, but the majority do have to file the return. This alone is reason enough to Abolish the IRS.

More math: the top five Big Oil companies pay more into the U.S. Treasury than all personal income tax collections combined. That’s also reason enough to Abolish the IRS.

Even more math: the U.S. Treasury is now running a huge surplus, greater than … Ever! Gruberment does not even need the personal income tax revenue. Also reason to Abolish the IRS.

From 2008 through 2012 Gruberment “granted” and loaned” the banks more than all personal income taxes combined. The fed g’ment could have bailed out all income taxpayers for a whole lot less … and the U.S. economy would be booming with consumerism … and the IRS could have been Abolished years ago!

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Vice Squad February 28, 2015 at 3:33 pm

Nice genuflecting for your wealthy pimps,whore,

Get off your knees Eddy,

Dave Koch has left the building!

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FastEddy23 March 1, 2015 at 3:20 pm

LOL … That’s good.

Your own “progressive” Fascist wannabe slip is showing … and it ain’t pretty.

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Heard This Line Before February 28, 2015 at 1:59 pm

Yeh right!

The” workers” will get a tax cut big enough to take the family out for the Wednesday night special at Burger King

While the “jobs creators” (i e the Wealthy) will rack up the really big bucks and if they simply pocket the dough instead of doing all this job creating stuff.

Rands answer will be?

Well I tried and besides Deficits Don’t Matter,now let’s talk about….

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FastEddy23 February 28, 2015 at 2:05 pm

Rand’s answer is that if there needs to be an income tax to pay all of that Gruberment debt, how about we tax g’ment employees, first? (It’s called a pay cut.)

Herd This: you greedy taxsucking g’ment Helot, guess who will have to pay your bills? Your own grand children. On you knees, taxsucker, and beg their forgiveness.

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Bible Thumper February 28, 2015 at 2:13 pm

The biggest thought in Rand Paul’s head is shown in the picture.
“If I can figure out which switch cuts off the lights, I could sneak out of here.”

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FastEddy23 February 28, 2015 at 2:44 pm

Yes, His signal is buried in the noise at this “mirror, mirror, on the ‘Net, who is the mostest conservative of them all” kitten glove slug fest.

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Melvin February 28, 2015 at 2:32 pm

Despite what you think of Rand, at least he’s putting out a proposal. Often time, politicians like Curtis Loftis just like to get up an scream and yell without offering solutions. That’s the only way a down ballot politician like him can get any attention.

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FastEddy23 February 28, 2015 at 2:51 pm

Right, right on. And what has Hillary ever proposed?

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Melvin February 28, 2015 at 2:54 pm

Nothing at all. She and Curtis both feel entitled to everything and no need to explain their actions. Hillary and Curtis are two peas in a rather plump pod.

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shifty henry March 1, 2015 at 10:01 am

“And what has Hillary ever proposed? ”
—–
“Bill, I promise that if you marry me you will always be able to get a blowjob whenever you want one, anytime – anywhere. It just won’t be from me!”

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Jake February 28, 2015 at 9:13 pm

Poor pitiful sad soul. you are envious and jealous and sinful. Remember what the bible says”

Hatred stirs up strife, but love covers all offenses.

Leave your sinful was and choose God.

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$$$ February 28, 2015 at 4:29 pm

Looks like Rand’s people haven’t given FitsNews any money.

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FastEddy23 March 1, 2015 at 3:11 pm

Is that a good thing or a bad thing?

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Bible Thumper February 28, 2015 at 5:36 pm

Rand Paul wins CPAC straw poll.

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RogueElephant February 28, 2015 at 5:40 pm

That will be the third time in a row. Great guy, Great ideas, Rand would make a good POTUS. Stand with Rand.

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RogueElephant February 28, 2015 at 5:38 pm

The Fair Tax is the only fair tax. If you buy a widget you pay the tax. If you don’t you don’t pay. No tax forms, no paper shuffling bureaucracy no tax cheats, You buy it you pay it. The major objection to the fair tax comes from politicians who use the tax code to regulate the way we live. Another reason to do away with it.

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FastEddy23 March 1, 2015 at 3:12 pm

… and certainly better than what we have now.

But first, we have to get rid of what we have now. … Then, and only after that, find a tax plan that that is worthy of The Citizens rights to a “fair” and just tax.

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Tom March 1, 2015 at 4:52 pm

The “fair tax” is a sham. No “fair” consumption tax has ever been proposed. Republican consumption tax proposals to date have one goal. To shift tax from the wealthiest Americans to the middle class. All of the proposals to date have have excluded from the proposal the things that would make a consumption tax fair.

To be fair a consumption tax must include raw materials purchased by manufactures, stocks, bonds, real estate, investments of any type and all services. No proposed consumption tax does this, because those are the things wealthy donors spend their money on. They don’t want to pay tax on those things.

If we would include those things, the consumption tax rate could be much lower than any proposed consumption tax rate to date. So ask yourself. Why not lower the consumption tax rate and include those things? Then look at who is paying Republicans to push a consumption tax and you will see why.

In other words if the Koch brothers decide to pay 1 billion to acquire a company, they do not want to pay a 10% fair tax on that purchase. Why? Well, because that isn’t the fair they had in mind.

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euwe max February 28, 2015 at 8:47 pm

what a pretentious windbag… self-centered, coddled little boy with ayn grandeur syndrome.

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Seth February 28, 2015 at 9:56 pm

I was going to be with Scott Walker, but when I found out he had hired Kerry Wood, I quit that. Now I am a Rand man.

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FastEddy23 March 1, 2015 at 3:00 pm

… better the devil you know than …?

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tomstickler March 1, 2015 at 3:16 pm

What 2013 IRS scandal? The fake outrage over suspicion that so-called “charitable organizations” were engaging in prohibited political action (so as to conceal the sources of their donations) — that the “scandal” you are whining about?

It may take some time for the news to sink in that Rand Paul is totally unfit to lead this nation. His threepeat™ at CPAC is the kiss of death outside the wingnut-o-sphere.

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FastEddy23 March 1, 2015 at 3:29 pm

… and the democrat/g’ment unions/”progressive”/et al engagement in “community” actions? All tax sheltered, “righteous” and Gruberment taxsucker approved. That Just-Us attitudinal spew at taxpayer expense has the full approvals of the Helots, commie wannabes and slash and burned Occupiers of the White House, fur sure. Why do you think Michelle had all of those secret meetings with the then top IRS pitbull? Easter Egg Rolls?

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LD March 1, 2015 at 3:23 pm

Eliminating the IRS would be big jobs “killer”. What would all those “tax professionals” at H & R Block do for a living? How about those in the Statue of Liberty costumes? Not to mention those high dollar “Tax attorneys”.
Anyway it sounds good, but the IRS is here to stay. The people with IRS issues usually created those issues. Tax simplification– possible, but for 90% of those that file, it’s as simple as it can be. Most people that bitch about the IRS are not paying much in income taxes.
The major problem with the IRS is a lack of competent employees.

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FastEddy23 March 1, 2015 at 3:42 pm

Certainly a big Gruberment job killer, one can hope.

Believe it: those jobs that pretend to protect the Citizens and Taxpayers from the evils of government central planning and the IRS in particular would never be necessary at all if the tax codes were close to fair and just.

The U.S. Citizenry could have “simple as it can be” tax reform, but first and foremost, that evil snake has to be killed … otherwise g’ment burro-crats will continue to obfuscate and push back on any hope and change … for ever.

“It’s the destructive overhead of government, stupid.”

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