30 Eylül 2012 Pazar

WASTING VALUABLE TIME IS APPARENTLY A JOB REQUIREMENT FOR BEING A MEMBER OF CONGRESS

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KayBell recently told us that “Republican Tax Return Checkbox Version of Buffett Rule Passes House”.
AsKay so eloquently pointed out in her post –
While Congress was marking time last weekuntil it could recess until after the election, it spent its valuable limitedtime some important pieces of legislation.
Not.
Aside from a bill tokeep the government running through March 27, 2013, the House and Senatebandied about politically themed measures to highlight their partisan positionson jobs, the economy and, of course, taxes.”
Insteadof addressing the expiring tax “extenders” the idiots passed the “The BuffettRule Act of 2012”.  This Act does notreplace the dreaded AMT with minimum tax rate of 30 percent on individualsmaking more than a million dollars a year as BO and the Democrats have proposedwhen coining the phrase “Buffet Rule” – it provides a checkbox on the Form 1040that would allow taxpayers to make a voluntary contribution to reduce thedeficit.
Youor I could choose to add $5.00 to our federal tax liability to go to a specialaccount that would be used to reduce the public debt.  Or Warren Buffet could add $5 Million.
Accordingto Republican Representative Steve Scalise, who introduced the bill –
"If Warren Buffett and others like him trulyfeel they're not paying enough in taxes, they can use the Buffett Rule Act toput their money where their mouth is and voluntarily send in more to pay downthe national debt, rather than changing the entire tax code to inflict morejob-killing tax hikes on hard-working Americans."   
WhileI do not support the Democratic version of the Buffet Rule Act, there is nothingwrong with this Republic alternative – and I have no problem with it.  I would support passage, and may even sendalong $2.00 or $3.00 with my 1040.
Ofcourse if this bill gets to the Senate it will not pass – so it is just anotherwaste of time by the idiots we have elected to represent us in Washington.
AsKay explains in her post, individuals at any level of income who want to helpto pay down the deficit have always been able to send a check to the Bureau ofPublic Debt.  And claim a tax deduction onSchedule A as a charitable contribution for the payment!
Ifmillionaires like Warren feel that they should be paying more federal incometax, perhaps out of a feeling of guilt for the source of their millions, theycan simply write a check for what they feel is their “shortfall”.
However,when a group of protesting millionaires who, like Warren, felt that they do notpay enough income tax was publicly offered the opportunity to help pay down thedeficit by writing a check to the Bureau of Public Debt, none of them offeredto do so.
Thereis no doubt in my mind that the current members of Congress are allidiots.  And I firmly believe that allcurrent members of Congress who are running for re-election this Novembershould be voted out (as long as they are not replaced by Tea Party members orsupporters).  
TTFN

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