Diary

Historically low taxation, Defunding Obamacare and the Pledge to America.

There has been a lot written here recently on the current situation with the budget passed by the House- 60 billion vs 100 billion vs 2 trillion, weather the leadership is breaking the Pledge to America or not, are they corrupt or just stupid. Let me start by saying I’m cool with the 60 Billion for now. The real test is what they do when the Senate adds another 10-20 billion in the package and sends it back. My suggestion- if they add 10 billion in spending, take away 20 and send it back. If they want to shut down the government, fine. This isn’t 1994 (or 1983 when they did the same thing only it was Reagan’s fault, not Congress). We have the new media, sites like this, talk radio Fox news-the left does not control the debate anymore unless we let them. Enough of that. On to more important things…

The focus has been on one section of the pledge-namely the sixth paragraph. The first one was either taken care of or betrayed in December, depending on who you ask. That leaves 2-5 up in the air-and unlikely to get any support in the Donkey controlled Senate. To quote the text…

• Permanently Stop All Job-Killing Tax Hikes: We will help the economy by permanently stopping all tax increases, currently scheduled to take effect January 1, 2011. That means protecting middle-class families, seniors worried about their retirement, and the entrepreneurs and family-owned small businesses on which we depend to create jobs in America.

• Give Small Businesses a Tax Deduction: We will allow small business owners to take a tax deduction equal to 20 percent of their business income. This will provide entrepreneurs with a much-needed infusion of capital for investment and new hiring.

• Rein In the Red Tape Factory in Washington, DC: Excessive federal regulation is a de facto tax on employers and consumers that stifles job creation, hampers innovation and postpones investment in the economy. When the game is always changing, small businesses cannot properly plan for the future. To provide stability, we will require congressional approval of any new federal regulation that has an annual cost to our economy of $100 million or more. This is the threshold at which the government deems a regulation “economically significant.” If a regulation is so “significant” and costly that it may harm job creation, Congress should vote on it first.

• Repeal Job-Killing Small Business Mandates: One of the most controversial mandates of the Democrats’ government takeover of health care requires small businesses to report to the Internal Revenue Service any purchases that run more than $600. This 1099 reporting mandate is so overbearing that the IRS ombudsman has determined that the agency is ill-equipped to handle all the resulting paperwork.. We will repeal this job-killing small business mandate.

• Act Immediately to Reduce Spending: There is no reason to wait to reduce wasteful and unnecessary spending. Congress should move immediately to cancel unspent “stimulus” funds, and block any attempts to extend the timeline for spending “stimulus” funds. Throwing more money at a stimulus plan that is not working only wastes taxpayer money and puts us further in debt.

• Cut Government Spending to Pre-Stimulus, Pre-Bailout Levels: With common-sense exceptions for seniors, veterans, and our troops, we will roll back government spending to pre-stimulus, pre-bailout levels, saving us at least $100 billion in the first year alone and putting us on a path to begin paying down the debt, balancing the budget, and ending the spending spree in Washington that threatens our children’s future.

More on this later. But first, I don’t know how many have heard the Left’s latest talking point-that taxes now are lower than ever. Well the truth behind the lie is that revenues are at the lowest they have been in years precisely because of the magic Pelosi and Reid have worked on our economy (with the help and/or acquiescence of the two guys in the White House) over the last four years. As much as we were overspending the last decade, from 2003 to 2007 the deficit was steadily decreasing-because the economy was increasing. No amount of cuts is going to manage the deficit without first and more importantly growing the economy. And in order to do that, we have to get by the Senate and Obama’s veto. Speaking of Obama…

It has been noted that Iowa Rep.Steve King’s attempt to defund Obamacare and save $105 Billion was shot down by a procedural rule. Interestingly enough, the same rule was used to kill H.R.589, which would have added 14 weeks of unemployment payments accross the board. Speaker Boener for one said he would favor this measure if paid for-so of course it wasn’t. The Left doesn’t really care about the long term unemployed except to see as many of them at the polls every other November. In case anyone can’t see where I’m going with this…

I think the GOP should embrace H.R.589 and call it their own. Adding on Rep. King’s amendment should pay for it and then some. Of course, in addition to short term help for the jobless, we want to help them actually find work. Which is why we tack on the 20% small buissness deduction, the elimination of the small buisness mandates and the Congressional regulatory oversite. If it actually passed, it would do more to improve the economy that 100 or 200 billion in tax cuts.

Of course, if Reid and Obama think that protecting Obamacare and Federal Regulators is more important that helping the million plus unemployed that have exausted benefits, let them explain that. Either they piss of a member of their costituancy or they help the economy recover in spite of themselves.

 

Either way, it’s a win.