Special interest Handouts No Substitute for Real Tax Reform

December 05, 2014J,

This week, while most Americans were enjoying leftover turkey and mashed potatoes, Members of the House of Representatives quietly voted to add $45 billion to the already staggering $18 trillion national debt. With little debate, and by an overwhelming margin, Democrat and Republican lawmakers voted to approve the so-called “tax extenders” package, a conglomeration of taxpayer handouts to everyone from the politically-connected wind industry and well-heeled Hollywood film studios to Puerto Rican and Virgin Islands rum manufacturers. In other words, exactly the kind of “bipartisanship” that taxpayers don’t need and can’t afford.

Washington Gets A Raise; But Americans Don’t

Times are tough in America’s slowly recovering economy. The percentage of American’s working is still at its lowest levels since the Disco-days of the Carter administration. Even those with jobs are struggling as median incomes have dropped to 1996 levels, and inflation adjusted wages for every income bracket are falling. Washington however, seem to be immune from the struggles of everyday Americans. With record revenues coming from taxpayers; times are good in Washington.