"We can make ours the land of the future, offering
unlimited opportunity to all Americans who dare to live for their dreams."
- President Ronald Reagan, April 13, 1985
President Reagan said these words when addressing the nation on a radio broadcast regarding a plan that would completely overhaul American’s
tax code. He gave great hope of changing it from a code of confusion, to a code
that would model simplicity and fairness.
April 15th, a deadline that the average American forgets
about, until it’s time to gather the old receipts and the pay-stubs, to
delivered to the IRS. It can be a painful process, yet it is a legal obligation
that we must complete.
This January many checked their pay-stub looking for what
tax changes went into effect with the taxmegeddon put forth by our current
administration. This included 13 tax hikes that hit every American. Former
President Reagan described our tax code to be mirroring Washington itself, a
complicated frustrating mystery. I would say that it still a true statement.
Reagan’s goal was to keep America a premier job-creating
nation and that should still be our goal. Obama has said that his tax rates are
the lowest in history, even lower then Reagan. Ha! We can see during Reagan
administration there were two tax rates. We now have six tax rates, and our
corporate tax rates are higher than most other nations. That is a big deal, this
can hurt American competitiveness and job creation. Our pay-roll tax jumped
from 4.2 percent to 6.2 percent this year. We have folks that are trying to
earn money and get a job, to pay that so called "low tax rate" and
they can't. Right now we are not competitive with the rest of the world. Americans are having a hard time keeping afloat. It is hard for me to see why people believed President Obama and President Reagan had the similar views on what taxes needed to be.
0 comments:
Post a Comment