Why should she give it a thought? The current system is loaded with ways to further waste taxpayer’s money she imposes along with her liberal members in her party failure after failure of federal government-run programs.
Elizabeth Emken has a policy statement on her site in which she describes in-depth how she will work with other Republican and right-thinking Democrats in the Senate to simplify this growing monstrosity.
How ironic that the Declaration of Independence was written on one page, the U.S. Constitution on four, while the original Bill of Rights containing the first Ten Amendments was penned on one page and has subsequently expanded and additional two with subsequent amendments.
Today, the actual law for the income tax is 3,387 pages. The IRS has a total of 13,458 pages of regulations to implement the income tax, using 865 different forms and 321 instruction pamphlets. Other countries must think we’re crazy.
Untold numbers of hours are wasted by businesses large and small as they attempt to keep up with what the federal tax code. The California tax payer for the most part needs to pay the additional expense of hiring a tax consultant to assemble their tax return.
We need fundamental tax reform, and Elizabeth has a plan that’s simpler, fairer, broader and lower.
According to Elizabeth, “By global standards, the United States has one of the most complex tax codes in the world. The current system obviously undermines our confidence, and undermines our competitiveness, as American businesses tangle with an ever-growing sprawl of red tax tape.”
“Yet, the response provided by the White House and Senate Democrats like Dianne Feinstein is that we need MORE. More taxes, more regulations, and more convoluted laws that don’t do anything but ensure that you and I lose more of our financial freedom.”
Indeed she must pick her winners and losers while playing the blame game. “I happen to believe in Global Warming.” Look no further than the sun. Your lack of knowledge in this additional area makes you a continuing embarrassment to the United State Senate but to California voters as well as true scientist who have debunked this nonsense for the past two years. Think about it Senator, if you have grown too tired and too old to keep up on measures that are important to the entire country, then it’s time to step aside and make way for Elizabeth Emken.
Dianne Feinstein joined her fellow Democrats in a class warfare ploy by voting for the “Buffett Rule.” The Buffett Rule is a political gimmick. It promotes “fairness” by making an unfair comparison between income taxes and capital gains taxes. It also distracts from the truth that capital investment is actually taxed at least four separate times under our tax code. There is nothing fair about requiring the “rich” to pay more; it’s the lefts concept of social justice and wealth distribution, nothing more.
By favoring certain economic activities over others, the tax code distorts financial decisions and reduces economic efficiency. We need a reformed income tax system for this country that is simpler, more broadly based and therefore fairer to all and specifically designed to stimulate our economy by lowering taxes on investment and job creation.
The single most effective action to clean up special interests in Washington would be to scrap the existing tax code and replace it with a fair and simple one. Here’s what Elizabeth Emken proposes in detail.
According to Emken, “One reason that class warfare has become the Democrats’ like Senator Feinstein’s stock in trade is because it blunts their uncontrollable spending problem.
The best reforms should do away with the battle over who gets what slice of the pie by providing the ingredients to make a bigger pie. In other words, as Marco Rubio likes to put it, we don’t need more taxes we need more taxpayers.
This is a difficult concept for the democrat to comprehend. They view the term “wealth” as a zero sum game. Think of a big pumpkin pie. If one person takes a big piece well that’s just not “fair;” while of course taken from their political correctness lexicon they define the term.
Wealth is not a zero sum game, look at any business that then becomes a franchise and the resultant wealth and new taxes they generate. Look no further than the late Steve Job and Bill Gates. How many jobs have these two companies created, think of the new tax revenue their companies and their workers generate for the coffers of the Treasury Department.
Yes Elizabeth Emken is the right person at the right time for the right job; replacing the 78 year-old Dianne Feinstein who has been “Too Wrong” for “Too Long” a United States Senator and one who has completely lost touch with the California Voter.