Do you think the President actually read my letter? (See Details)
I sent the following letter and actually heard bits of it in the President’s speech today. Could it be it actually got read? Or are the similarities just coincidence.
Dear White House Staff,
Take a page from the Republican strategist and PR guru, Frank Lundz. Don’t talk about a tax increase on the rich. Instead, call for tax SIMPLIFICATION. Who could possibly be against that? If you actually removed the hundreds of thousands of loopholes available to the rich, and they really paid 35% instead of a real rate more like 20%, you would bring in FAR more revenue than you would by returning to the Clinton top rate of 39.6% but leaving the loopholes in place.
You would also drastically simplify the tax code, which even those that got hit with a larger tax bite might welcome.
Do the same to corporate taxes. Reduce corporate taxes, but change things so all US Corporations pay on profits from US operations. Currently 60% or more pay nothing. Only little companies like mine get stuck paying one of the highest corporate tax rates in the world, because we can’t afford to take advantage of a tax code set up for the oligarchs and multinationals. Yet we are the engine that drives job growth here. Simplify corporate taxes and even the playing field for all. Give us all a rate that lets us better compete with businesses off-shore who pay far lower rates.
There was great criticism of GE recently because they paid no US corporate income taxes. But their tax filing was over 10,000 pages and they had a staff of over 9,000 accountants and lawyers, plus a plethora of contractors to file that mountain of paper. They would save money having a simple form to fill in and paying a reasonable tax rate instead of generating a filing so complex it can’t possibly be audited.
No new taxes. Tax simplification instead.
“Just a spoonful of sugar
Helps the medicine go down,
In a most delightful way!”
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