A new way would finance our nation
The recent fight between Democrats and Republicans over the $85 billion in budget cuts threatened to cause a downturn in the economy. It was feared that reductions in government expenditures in certain departments would cause many to suffer as wages were lost and government subsidies were reduced.
Thankfully, it appears that has not happened and there is hope it will not happen due to a better economy. It could be that the private sector has revived enough to replace government expenditures that will be lost.
And that could be the answer to our problem. Reduce the size of federal government to the point where private enterprise can thrive with less governmental interference and more of the taxpayersí money saved for building an increase in the nationís economy.
Although President Obama insists on raising income taxes on the rich a second time, Republicans have put their foot down in refusing to do so. It appears to be the presidentís turn to give in after the GOP consented on the first tax raise.
As income tax time approaches, we have an opportune time to realize how unfair our system of financing federal government really is. There are many ways of interpreting what we are supposed to pay which is contained in extensive technical detail that would take an ordinary taxpayer a year to interpret. In fact, that could be a good reason to support Gov. Bobby Jindal for president since he is supporting replacement of state income tax with a state sales tax to simplify our payment of taxes and lessen it. If he were elected president, maybe he could replace our national income tax with a value-added tax, similar to a sales tax, which has been proposed by other presidential candidates.
If he could do that, he could turn this nation around in simplifying the way we finance our federal government. And he would make it so much easier to live here in the United States.
Subscribe Today and Save!!!
St. Charles Herald-Guide is an award-winning newspaper that covers all aspects of St. Charles Parish - from schools and parish government news to social events, features on our local residents and sports.
Order your subscription today!
Roxanne Wilbon beamed as her son, Gerald, donned a University of Texas hat and made...
J.D. Bankston was among the Luling Volunteer Fire Departmentís first volunteers who...
A thriller produced by J.J. Abrams that stars John Goodman and was partially filmed...
Resurfacing the Hale Boggs Memorial Bridge deck isnít just a $24.5 million upgrade,...
The Des Allemands man accused of stealing more than $12,000 from the 2014 Louisiana...
While the declining petroleum industry continues taking a toll on the Louisiana...
Bent's RV is a Full Service RV Dealership in Louisiana.
Norco man gets 10 years for drug dealing - 5950 views
A 17-year-old Norco male who was arrested in September for allegedly illegally discharging a firearm and causing aggravated criminal damage to property was sentenced last week to 10 years in prison.