A while ago I emailed a question to some senators. I told them about how 55% of corporations do not end up paying taxes into the United States treasury. I told them about how many corporations have been well documented to have made millions and billions of dollars in profits and received tax refunds. I told them about how my wife and I struggle to make ends meet, make too much money to qualify for any government financial assistance, cannot claim even one of our two children on our tax returns for any kind of tax credit, and ended up paying 10% of our income in taxes. This amount of money was more money into the United States Treasury than several large corporations combined. GE and Bank of America are two of those corporations who paid no taxes. My wife and I struggle and pay 10% of our income. GE and Bank of America make millions in profits and pay nothing. I told them about how they had signed a "pledge", whereby they promised not to raise taxes on anyone or any corporation. After telling them all this, I asked them to explain, with the country being $14.9 trillion in debt, how is it good for the nation not to increase taxes on these corporations who have money to spare and are receiving huge tax returns while taxing the people who not only will not decrease the debt quickly or efficiently, but really could use every cent of the money they earn.
This was my recent response from Jim Inhofe (R) - Oklahoma:
Thank you for your correspondence. As your voice in Washington, I appreciate knowing your views.
I believe if we are to promote economic growth, comprehensive tax reform should be one of Congress' top priorities. Our tax code is riddled with breaks and deductions that benefit only the few firms with extensive resources dedicated to tax planning purposes. Most proposals for comprehensive tax reform seek to lower marginal income tax rates for everyone – businesses and individuals alike – by eliminating the majority of these so called "tax expenditures." This type of reform would make the tax code fairer, simpler and easier to understand, and it has the potential to unlock tremendous economic growth. President Reagan enacted similar reforms in 1986, and it led to a strong period of growth that lasted well into the 1990s. It is important, however, to consider the impact reforming the system will have on different industries to ensure every industry is equally encouraged to grow the economy and create jobs. I hope any genuine debate about improving the economy and the nation's debt includes this type of reform.
Again, thank you for your comments. As Congress continues to explore ways to lower spending and the national debt I will work to ensure taxes remain low and government remain limited.
Sincerely,
James M. Inhofe
United States Senator
He did not answer my question. He did not say that he would make corporations pay their fair share. He did say that he would work to ensure taxes remain low. So what that means to me is he will work to make sure taxes to no go higher than they are currently. Neither for me and my family, who paid 10%, or for large corporations, who received money from people like me and and you in the form of tax rebates. He did not address the inequality of taxation, or how to make taxation equal which would easily reduce national debt and encourage growth... and "growth" means things like jobs and easier time buying cheese.
It might be time for another email.
Monday, December 5, 2011
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment