Tag Archives: tax reform

Fair Tax, Value Added Tax, Political Candidates

I just finished reading an article by finamcial expert John Mauldin. Well, Mauldin didn’t actually do much of the writing. What he published were arguments of his readership, and the argument of one client/reader took up most of the white space. Last week, he presented his argument for a national value added tax in The Cancer of Debt and Deficits.

I’m refering my readers to Mauldin’s article, Tax The Other Guy, because it offers an precise argument for the Fair Tax and because it is supported by a number of political candidates. Reading Mauldin’s two articles might help with picking the candidate who may actually attempt to fix this part of our nation’s economic problem.

Below are a list of the candidates who have state their intentions about reforming taxation; those who advocate for merely increasing taxes of “tinkering” with the tax code are not included as are those with no stated position:

Mitt Romney
Rick Santorum
Newt Gingrich
Ron Paul
See also a letter by Ron Paul

US Senate
Dr Micahel Pryce (R)
Rusty Bliss (R)
Eric LaMont Gregory (R)
Scott Rupert (I)
Sherrod Brown (D)

US House of Representatives
< href=https://johnandersonforcongress.com/Economic_Views.html John Anderson (R)
Edward Breen (R)
Mike Turner (R)
David Harlow (L)
David Esrati (D)
Olivia Freemam (D)
Thomas McMasters (D)
Sharen Neuhardt (D)
Mack Van Allen (D)

Tax Day

By Congressman Steve Austria

Because today is the day Americans are required to have their tax returns mailed back to the government, I thought I would take the opportunity to share some thoughts on taxes with you. When it comes to the U.S. Tax Code, the numbers are simply astonishing. The most recent tax code has more than 3.8 million words in it. The most recent version of the IRS regulations contained nearly 7 million words – 9 times the total number of words in the King James Bible. No wonder most Americans are frustrated with our tax code. Trying to complete a tax return is so complex that many must rely on an accountant or computer software to make it easier.

These are troubling statistics for most Americans. Additionally, more complicated tax increases may be imposed on taxpayers in 2012 if Congress does not permanently end the crushing tax hikes. Because Congress and the President only agreed to a temporary two-year extension, we are in jeopardy of seeing those tax hikes again in a year and a half. This continues to bring uncertainty to our financial markets, hurting small businesses and hard-working families.

Like most Americans, I believe the current tax code needs to be simplified and reformed. In the end, I trust our families and our small businesses – the taxpayers – to spend and invest their money back into their economy creating long-term sustainable jobs in the private sector. That is what will get Americans back to work. I’m pleased that this new Congress is placing a high priority on reducing federal spending to help put our economy back on a fiscally-sustainable path forward. It is time for Congress to work together on both sides of the aisle to simplify and reform our tax system.

Former Air Force officer to challenge incumbent Steve Austria in May 4th primary

John Mitchel, former Air Force officer, is seeking the 7th Congressional District seat. He will be the sole challenger in the Republican primary to first term incumbent Steve Austria. Mitchel is not new to politics. He challenged Bob Taft for governor in 1998, and George Voinovich in the 2004 Republican primary when he received more than 195,000 votes.

In response to the announcement, Mitchel said, “America is at the abyss, and we are not far from the point of no return. Since 1983 we have had a series of career politicians representing the 7th Congressional District including Mike DeWine, Dave Hobson and Steve Austria. It’s time for that line of succession to end.”

Lieutenant Colonel Mitchel stakes out what he says are three irreconcilable differences with the incumbent: His passion for government reform, term limits and tax reform, specifically the FairTax.

“It all starts with government reform. Recall the 1994 Contract with America when the Republican caucus drafted a bill that declared Congress must live by the same laws as the people. That was a virtual confession that 435 congressmen and women were operating outside the law, but nothing changed,” commented Mitchel. “It’s time to bring citizen legislators to Washington; term limits and a tax code that is fair, simple and pays the bills will help make that happen.”

At A Glance:

Name: John Mitchel; Age: 62

Education: USAF Academy graduate; MBA, Michigan Tech, masters degree in economics, Wright State University

Career: Air Force Lieutenant Colonel; served more than 22 years as instructor pilot and in the defense acquisition corps; currently systems analyst at Wright Patterson AFB

Top issues: Government reform, term limits, tax reform