BY JOHN FEEHERY
Reprinted from TheFeeheryTheory.com
“Don’t tax you. Don’t tax me. Tax that fella behind the tree.”
That’s how legendary Finance Committee Chairman Russell Long summed up the basic view of most Americans about tax policy.
The Beatles put it a different way:
Let me tell you how it will be
There’s one for you, nineteen for me Continue reading
BY JOHN FEEHERY
Reprinted from TheFeeheryTheory.com
The message to the Senate Finance Chairman was pretty clear: No tax reform unless you raise taxes on middle class Americans.
That is the only conclusion you could reach from Senate Majority Leader Harry Reid’s demand that Max Baucus back off on his tax simplification plans unless it raises close to a trillion dollars in new revenue.
Everybody recognizes the need for fundamental tax reform. The system is inefficient, unfair, and so complex that most people have to hire outside help to figure it all out.
Dave Camp, the Ways and Means Chairman, and Mr. Baucus have gone on an unprecedented road show building the case for a simpler, flatter, and more fair tax regime. They have visited small businesses, big businesses, manufacturers, exporters, farmers, and everybody in between, bringing their charts, facts, and figures to the people. Continue reading