Republicans in the U.S. House of Representatives need to reassess the plan they’ve come up with to raise $290 billion a year in more taxes to feed the never-satisfied appetite of the federal government.
Among other things, as part of a work-in-progress deficit reduction proposal, they want to eliminate tax deductions Americans take on interest paid on home loans. They also are leaning heavily on the idea of limiting or dropping entirely the tax deductions for charitable donations and taxing health care benefits employers provide their employees.
Really? Is this the best Congress can come up with? We certainly hope not, but it looks that way as far as the leadership in the House is concerned. What choice do they have, after all? ...
Well, before House Republicans start ripping apart what few gains have been made in the economy the past year, they should consider cuts that are obvious, including ones that they acknowledge would be unpopular to lobbyists. There are the unreal number of federal program duplications, for example. These are mentioned by members of Congress quite frequently, but nothing is ever done to address it.
Now is a good of time as any to show some backbone. Dismantle duplicate and triplicate programs and spare the taxpayers of this country, the lifeblood of government, further income erosion due to higher taxes.
As suggested before, just rooting out waste would yield the government the extra income it requires. This includes policing and catching overcharges by greedy companies with federal contracts that think nothing of stealing from the people of this nation, ditching projects that are doomed to failure even before they start and writing a policy that makes it unlawful for any federal agency to permit the purchase of $500 dime-store hammers and $1,000 toilet seats.
Congress could expose these and other acts of malfeasance by offering a bounty or reward to any individual who discovers such nonsense and reports it to the proper authorities, who will actually do something about it other than study it for five years. Congress would find the savings it needs without having to continue to pounce on taxpayers. ...