Bush Radio: "You need a reformed tax code" (National Sales Tax)

[Bush_Eats_Beef]

http://www.whitehouse.gov/news/releases/2005/06/20050618.html

Today we have good reason to be optimistic about our economy. More Americans are working today than at any time in our history. More Americans own their homes than at any time in our history. More Americans are going to college and own their own businesses than at any time in our history -- and a new economic report shows that inflation is in check. Our policies have put us on the track to growth, but leaders in Washington must not become complacent. We need to work together to ensure that opportunity reaches every corner of our great country.

Delivering opportunity means allowing families to keep more of the money they earn. So we enacted the largest tax relief in a generation. That is only a beginning. You need a reformed tax code that is simple, fair, and easy to understand, and rewards your hard work and entrepreneurial spirit. And Congress needs to do its part by making the tax relief we passed permanent and burying the death tax forever.

Delivering opportunity also means adapting to the needs of a new century. In this new century, American prosperity will increasingly depend on our ability to sell our goods and services overseas, so we need to pass initiatives like the Central American Dominican Republic Free Trade Agreement to create a level playing field for American farmers and small businesses. In this new century, Americans require a reliable and affordable supply of energy. I proposed a comprehensive energy policy to reduce our dependence on foreign oil. In this new century, Americans need to know that if they work hard their whole lives, they will retire with dignity, so we're working to save Social Security to ensure that the next generation of retirees will be as secure in their retirement as today's generation.

As we work to deliver opportunity at home, we're also keeping you safe from threats from abroad. We went to war because we were attacked, and we are at war today because there are still people out there who want to harm our country and hurt our citizens. Some may disagree with my decision to remove Saddam Hussein from power, but all of us can agree that the world's terrorists have now made Iraq a central front in the war on terror. These foreign terrorists violently oppose the rise of a free and democratic Iraq, because they know that when we replace despair and hatred with liberty and hope, they lose their recruiting grounds for terror.

[OneTwentyoNine]

1. Once again BLAMING Iraqi's for 9/11

When will it end Bush? Your ass should be impeached and then put on trial for War crimes.

[madrchsod]

2. things are really going bad when

they have to drag out the national sales tax. good thing no one believes this crap...

[Bush_Eats_Beef]

3. National Retail Federation is ready to kick his ass

Retailers File Comments Urging Rejection of Consumption Tax

http://www.nrf.com/content/default.asp?folder=press/release2005&file=NRST-comments.htm&bhcp=1

WASHINGTON, D.C., June 13, 2005 - The National Retail Federation today announced that it has filed comments with the President's Advisory Panel on Federal Tax Reform urging the panel to reject economically risky proposals to replace the nation's income tax system with a consumption tax or to add a new consumption tax on top of existing taxes.

"The United States should not experiment with a brand new tax system that will put our economic future at risk," NRF said. "It is better to engage in substantial reforms of the income tax that are designed to eliminate some of the major complications in the current Internal Revenue Code and stimulate economic growth without causing major economic dislocation."

NRF on Friday submitted a detailed statement outlining the dangers of various consumption tax proposals. The statement addressed the National Retail Sales Tax proposed by Representative John Linder, R-Va., plans for a Value Added Tax similar to those used in Europe, and other consumption tax proposals.

The NRF statement cited a study commissioned by NRF in 2000 that found that a national sales tax would bring a three-year decline in the economy, a four-year decline in employment and an eight-year decline in consumer spending. The study showed that similar results could be expected if other types of consumption taxes were enacted to replace the current system. NRF argued that consumption taxes are inherently regressive because low-income families spend virtually their entire incomes while wealthier families have larger percentages of unspent income that would go untaxed.

[OneTwentyoNine]

7. What? Are retailers worried over a little ole 25% sales tax??

Plus your State sales tax,which ours will be 7.3% come July 1. I'm also finding it hard to belive that employees won't still have to pay the 7% into SS.

So..doing the numbers I'd actually be paying 32.3% on every purchase and still paying into SS each week.

[Bush_Eats_Beef]

16. The economists who have seen Linder's proposal say...

...that the 23% figure is a LIE, and that to "replace" the current income tax, you would need a number between 40 and 50 percent.

That's in addition to the existing state tax, and I will GUARANTEE that Linder, his "sponsor" Dennis Hastert, and George W. Bush know that this is the jewel in the crown:

They would be able to DOUBLE DIP into savings that have already been taxed. Say you're retired, or unemployed and living off of your nest egg. You paid income tax on that money when it went into the bank. Under the Linder proposal, the government will come back for another chunk.

It's WRONG. Wrong, wrong, wrong...and the administration KNOWS it.

[jwirr]

10. The only kind of sales tax that might

be justified is a luxury tax on items ONLY the rich can buy. Then the freeloaders (the non-taxpaying rich) would begin to pay their share. They get more (higher living standard) from this country so they should pay more.

[Bush_Eats_Beef]

17. True, but we need to focus on this aspect:

"consumption taxes are inherently regressive because low-income families spend virtually their entire incomes while wealthier families have larger percentages of unspent income that would go untaxed"

and realize that the guy who said "What a great lookin' group of people. The "haves" and the "have mores." Some call you the "elite"...I call you my "base"...is the guy who WANTS this. He WANTS the uber-rich to have "larger percentages of unspent income that would go untaxed."

[TorchTheWitch]

15. Unfortunately, some do

until you explain that unless you have zero dollars in your pocket and zero dollars in the bank, converting to a national sales tax you pay tax TWICE... first by our current tax system, and second when you go to spend the money you have left after you were already taxed. Once they understand that, nobody but NOBODY would support being taxed TWICE.

[zoeb]

4. Translation for one paragraph

Delivering opportunity means allowing families to keep more of the money they earn. So we enacted the largest tax relief in a generation. That is only a beginning. You need a reformed tax code that is simple, fair, and easy to understand, and rewards your hard work and entrepreneurial spirit. And Congress needs to do its part by making the tax relief we passed permanent and burying the death tax forever.

It means we gave you back some of your tax dollars but we need them back to reduce the deficit but we can't ask for them back because that would look like a tax INCREASE so we are going to change the tax system and slip in a little tax increase on sly.
:rofl:

[rodeodance]

9. good one

[cthrumatrix]

5. message to bush --- "talk to the hand" you pathetic LIAR !

[rodeodance]

6. I hate it when I hear Jr say "You need...."--it is always trouble--as he

and his cabal presume to know what I/others need!!

[Vickers]

8. READ. HIS. LIPS.

:eyes:

[teryang]

11. "More Americans own their homes"

More banks own the homes. If you consider yourself a homeowner and 80 percent or more of your home is mortaged or you are an average income earner and you owe more than two times what you earn annually on your home, you don't own it. You are merely paying the taxes, insurance, and maintenance of the property for someone else. You merely live in it. You are speculating that you might own it someday if everything turns out alright.

American real estate property rights and relationships are primarily of feudal origin which is appropriate for a country which has lost its industrial base.

[Mountainman]

12. "they lose their recruiting grounds for terror." you must be shitting me !

Bush has done more for the recruitment of terrorists than anyone since Attila the Hun!

[Contrary1]

13. Doublespeaking BS, per usual.

"...Today we have good reason to be optimistic about our economy. More Americans are working today than at any time in our history. More Americans own their homes than at any time in our history. More Americans are going to college and own their own businesses than at any time in our history..."

Maybe because there are more Americans now, than at any time in history? What about the percentages, Shrubbie? You never mention those. Oh, that's right; to do so would border on telling the truth. Never mind.

Ass hat.

[TheFarseer]

14. This could be a big campaign issue for Dems

We could scare the hell out of people by talking about how dangerous this national sales tax that republicans want would be. We could get people so riled up over this issue that the repubs would be swept out of office.

[Bush_Eats_Beef]

18. YES. You've NAILED it.

I sound like a broken record on DU because I have been hammering the National Sales Tax issue since it reared its ugly head in the presidential election.

When Bush said "This is interesting, we ought to take a serious look at it."

When Kerry replied "Every day will be like April 15th, every trip to the supermarket will be like a trip to H&R Block."

When Bush heard Kerry's remarks and denied interest.

When Bush got re-selected and IMMEDIATELY picked up the topic again.

People need to UNDERSTAND what lies "under the hood" of this proposal. It's NOT "fair," it's NOT "simpler," it's stacked in favor of the ultra-wealthy and will decimate the retail trade and the working class.

The economy CANNOT be kept afloat by the sale of German luxury cars and yachts.

There would be a "buying frenzy" before the tax went into effect...thus pumping up the retail numbers in a VERY MISLEADING way, so that Junior could crow about the economy being "strong, and getin' stronger."

THEN thos enumbers would FALL OFF A CLIFF as working people bought survival items ONLY, immersed themselves in BARTER systems and the black market, stiched up worn clothes instead of buying new ones, etc. etc. etc.

Bush wants to cut the deficit in half by the end of his term by holding a loaded gun between the eyes of the working man and woman in this country. John Linder and Dennis Hastert want to help him accomplish that.

If people begin to TRULY understand what Junior is trying to put on the table, it will TRULY "scare the hell" out of them.

The Social Security proposal is NOTHING compared to this one. NOTHING.