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Tax Fairness Coalition Issues Twitter Challenge to Grover Norquist

May 13, 2013

On the heels of a new Twitter page and Web site for tax reform launched by the leaders of Congress’s two main tax committees, a coalition of advocacy groups has issued a Twitter challenge to Grover Norquist’s influential lobbying group, Americans for Tax Reform.

Last week, House Ways and Means chairman Dave Camp, R-Mich., and Senate Finance Committee chairman Max Baucus, D-Mont., launched and the Twitter account @simplertaxes (see Congress Launches Tax Reform Web Site and Twitter Page).

On Monday, Americans for Tax Fairness, a national coalition representing more than 280 groups pressing for a tax system that requires the wealthy and big corporations to pay their fair share of taxes, launched #BeatGrover on Twitter and Facebook to challenge Norquist and Americans for Tax Reform to see which organization could generate more comments in favor of reforming the U.S. tax system on Congress’s new tax reform site.

Grover Norquist

“I’m issuing a challenge today to Grover Norquist that we’ll generate more comments from everyday Americans pressing for a more fair tax system—not one favoring the richest 2 percent and big corporations through special-interest tax loopholes,” said Americans for Tax Fairness campaign manager Frank Clemente in a statement. “We know the American people and leading economists are with us and we’re putting as much pressure on members of Congress as we can to make sure that they end special-interest tax dodging. We need a fair and balanced solution that requires the wealthy and corporations to pay their fair share of taxes, not one that reduces tax rates.”

For more information, visit on the Web and on Facebook. The group’s Twitter handle is @4TaxFairness and it has created the hashtag #BeatGrover.

Comments (2)
Lets really simplify the tax code. Eliminate all tax credits and deductions and replace with a standard deduction of 20% to 28% of total income which would be capped at a multiple of 3 times the annual federal minimum wage rate for individuals. For example, at $7.50 minimum wage rate, the cap would be $46,800. ($7.50 X 2080 hours per year). I will call this the Baserate. If and when the mimimum wage rate raises, then the Baserate will automatically raise in tandem. All businesses and corporations would have the same deduction as individuals, but would be uncapped. All individuals would be taxed separately. No separate rate for married, single, or head of household. The tax rate would be progressive and I would recommend three tax brackets. 5%, 10%, & 20% top bracket. Corporations would have a flat 20% tax bracket. This $46,800 (baserate) figure would also be used to determine the upper tier of the lowest tax bracket. Using a standard deduction of 28% all individuals will be able to earn up to $65,000 in the 5% tax rate. The 10% bracket would be a multiple of 3 times the baserate. In this example the 10% rate would be 3 X $46800 or $140,400. Therefore, An individual could earn up to $167,143 and still be in the 10% bracket. All income is the same; wages & benefits, interest income, capitol gains (short & long term), dividends, retirement & social security income, unemployment & welfare income, royalties, business income including rents. Effective tax rate for an individual earning $65,000 or less would be 3.6 %. Effective tax rate for individual earning $167,143 would be 8.1% or $13554. All income above $167,143 would be in the 20% tax rate. Businesses and corporations would also deduct cost of goods sold & dividends paid out. Cost of goods sold defined as follows: All wages, salaries, benefits and associated employment taxes + cost of raw materials and energy to produce finished product + depreciation of factory or buildings or equipment (other than motorized vehicles) when sold, and any training, transportation, semanars, lunches & dinners which can be transferred to employees as income. All other business expenses including interest expense,rent expense, insurance, advertising expense, automobiles, aircraft, boats, real estate taxes, charitable gifts, and utilities not associated with production of goods will be limited to the same 28% standard deduction individuals get. Under this plan a minimum wage worker would only pay $1.56 per day for federal taxes and I feel everyone should have skin in the game. Many large corporations will pay more under this plan unless they pay out their income through dividends which will pass through to their shareholders. For example, a retailer has $10,000,000 in sales, and cost of good sold using only the first in first out accounting method of 8,000,000 leaves income before dividends and standard deduction of $2,000,000. This corporation can pay out up to $2,000,000 in dividends and have no tax liability. However, lets say they pay out $1,000,000 in dividends which leaves $1,000,000 income before standard deduction. standard deduction of $280,000 leaves taxable income of $720,000 X 20% = $144,000.
Posted by Mark92567 | Thursday, May 30 2013 at 8:20PM ET
If the tax laws were changed and the Rich and the Corporation would be required to pay their "fair share", an amount to be defined after much debate, than other taxpayers would have their taxes reduced, even Tea Party members. So why is the latter fighting this? Do they all think they will be entering the 1%?

And this has nothing to do with Government spending which is an entirely different matter to be intelligently discussed. what the role of Government, State as well as Federal is a different matter than who pays, and how much.

And I might add that State competition is too often a matter of which State will do the most to the detriment of it's citizens to benefit special interests. The "new job" created rarely match the benefit accorded to the special interests to the afore mentioned detriment to the citizens as a whole.
Posted by | Tuesday, May 14 2013 at 10:47PM ET
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