256 Political Factoid

Political Factoid

The national Party of Tax Cuts ^[Note 1]
will never be satisfied fully until:

They get "permanent" tax
exceptions passed that guarantee
that businesses will no longer be
burdened ^[Note 2] with:
1. Income Taxes ^[Note 3]
2. Employment Taxes ^[Note 4]
  *Self-employment tax is a separate issue.
3. Excise Taxes ^[Note 5]
4. Property Values Taxes ^[Note 6]
5. Consumption (e.g., sales/use
  tax) ^[Note 7] for anything
  purchased and consumed within
  a business*
  * Consumer-based consumption
  tax on individuals is a separate
  issue.
6. Business & Occupational Taxes
7. Employee Head Taxes
8. Capital Gains Taxes
9. Environment (disposal or cleanup) Taxes
A "permanent" tax holiday passed
on any business portion* of any
social security and medicare
taxes.
** Withholding of employee-paid social
security and medicare taxes is a
separate issue.
A "permanent" personal capital
gains tax rate of zero percent for
stocks, bonds, real estate, and
innovative financial products.
"Permanent" personal income tax
cuts such that the top bracket does
not exceed 20%.
The "permanent" elimination of
"death taxes" (i.e., inheritance
taxes) in order to preserve the
accumulation of wealth.
A "limited-liability cap" on any
claims or charges of liability as a
result of accident, negligence, poor
judgment, or intended actions.
The privatization ^[Note 8] of:
1. Social Security accounts and
  deposits.
2. Medicare and Medicaid
3. Veteran Administration
4. Public education (replace with
  for-profit charter schools).
5. Federal Interstate Highway
  System, e.g., convert to privately
  owned (investor owned for profit)
  toll systems.
6. Fannie Mae and Fannie Mac.
7. Federal Insurance Deposit
  Corporation (FDIC)
8. Army Corp of Engineers
9. Public parks.

Notes:

1	The party of Rush Limbaugh, Dick Morris, Dick Armey, Karl Rove, John Boehner, and others
2	Taxes on business hamper the ability of businesses to compete in the world market.
3	At least at the federal level
4	Social Security, Medicare, and Federal Unemployment taxes
5	Certain types of businesses, products, and services
6	At least at the state and local levels
7	Either as part of a marketable product or as administration processes
8	Transfer to one or more investor-owned, private, for-profit enterprises

-30-