Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

Archive for May, 2003

Posted by taxguru on May 13, 2003

Senate Delayed by Debating Wrong Tax Bill



Rove protects Senate RINO foes of Bush tax cut



Typical ABC News Slanting of Coverage of Tax Issues



Bush: Tax Cuts Aren’t Just For The Rich



Bush Blunts ‘Fairness Question’ on Taxes



Bush Takes Tax-Cut Message On the Road



Bush Heads West to Urge Senate Support for Tax Cut Plan
Neb., N.M. Lawmakers Are Key Targets



Bush Trails a Democratic Senator to Nebraska for His Tax Cut Vote – He’s given up on the RINOs.



‘Soggy’ Economy Needs a Shot of Tax Relief, Bush Says



Make ‘Balanced Budget’ Myth a Reality for PRC



 

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Posted by taxguru on May 13, 2003

IRS Wants Private Agencies to Collect Back Taxes – The potential problems that could be created by this are almost limitless.



British Tax Group Accuses Government of Privacy Violations – They have similar problems over there in the UK as we have with the IRS here in the States.

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Posted by taxguru on May 13, 2003


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Posted by taxguru on May 13, 2003

The real cause of deficits is not a shortage of revenue. It’s caused by out of control spending by our rulers.



 

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Posted by taxguru on May 13, 2003

The DemonRats are doing what they can to sabotage any chance for economic recovery.

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Posted by taxguru on May 13, 2003

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Posted by taxguru on May 13, 2003

The deficit is big enough to take care of itself – Contrary to the Left’s propaganda claiming that tax rate cuts will increase the size of the Federal budget deficit, the opposite is true.  Lower tax rates result in much more incentive for people to generate taxable income, with much higher tax revenues for our rulers to spend. The Reagan tax cuts more than doubled Federal revenues; so this has been proven in our real world.  Anyone who says this isn’t true is about as trustworthy as CNN or the New York Times, and should not be relied on at all.



In fact this basic economic concept isn’t anything new.  Rush Limbaugh has been receiving a lot of flack from DemonRats for daring to play an actual sound clip from 1962 of President John F. Kennedy touting the need for tax rate cuts to stimulate the economy.  Current members of the JackAss Party are offended that JFK’s words are being used to support what is now a GOP concept, lower tax rates.  When asked about this diversion from the ideas of JFK, his brother, Teddy tries to defend the current hypocrisy by claiming that things were different back then. The 90% top income tax rate was confiscatory; but today’s rates are just fine according to Teddy.  As Stephen Moore explains, that isn’t the case.  Put into perspective, our current effective tax rates, especially the two levels of tax on corporate income, are just as confiscatory as the rates were in 1962, and a reduction of those rates is just as important for the economic vitality of the country as they were when JFK advocated them 41 years ago.



The claim that the tax cuts that Bush enacted in 2001 caused the current deficit are completely bogus.  They were so back end loaded that the actual amount of tax savings so far has been a tiny drop in the bucket.  As I said back when they were passed, waiting for ten years for the cuts to take effect was a cruel and stupid joke.  What we need to really get the economy moving is all of those tax reductions right now.

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Posted by taxguru on May 12, 2003

Bloomberg to New York: Drop Dead
The mayor tries to destroy the city in order to save it.



Bloomberg won’t be able to tax his way out of hard times – How can somebody, especially a capitalist,  be so obtuse when it comes matters of raising taxes or trimming the fat?  Nurse Bloomberg will definitely be a one term mayor, if he lasts even that long.



Counting on Bush tax slash – What nerve.  Nurse Bloomberg is rooting for Bush’s tax cut to pass so he can raise taxes on New Yorkers without them feeling it.



No, New York, You Don’t Pay Highest Taxes



Tax Cut Debate Moves to Senate Floor



Tax Cut Debate Returns to Senate



Senate set to futz with tax bill



Dubya takes tax cut show on the road



Bush using popularity to sell tax cuts



Bush Urges Workers to Press for Tax Cuts



Snow Favors Tax Cut For ‘Soggy’ Economy



Snow: Tax Cut Needed for ‘Soggy’ Economy



Senate Finance has altered the Bush plan from recognition



California taxpayers hostile to Bush plan
Long-term deficits, mortgage rise feared – They’re swallowing the Left’s bogus propaganda about the effects of tax rate cuts out there in the PRC.



THE TAX-CUT DEBATE: How Much More Can The System Take?



Senate tax-cut debate postponed until Wednesday



 

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Posted by taxguru on May 11, 2003

Comparing the three different plans for changing how corporate dividends are taxed, as proposed by Bush, the House and the Senate.  We’ll most likely end up with some kind of Frankenstein’s monster hybrid of these.



 

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Posted by taxguru on May 11, 2003


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