Solutions and ideas to keep the New Congress from drinking the kool-aid that sends most in Congress on a wild spending spree each and every year avoiding the real work in getting the nations financial house in order, so that all may share in the blessings rather than the few that don't want to work for themselves.
Good Article
http://www.libertyinkjournal.com/features/antidote-for-potomac-poison
Showing posts with label taxes. Show all posts
Showing posts with label taxes. Show all posts
January 11, 2011
May 05, 2008
Big Government Responsible for High Gas Prices
Ron Paul | Texas Straight Talk
In the past few months, American workers, consumers, and businesses have experienced a sudden and dramatic rise in gasoline prices. In some parts of the country, gasoline costs as much as $4 per gallon. Some politicians claim that the way to reduce gas prices is by expanding the government’s power to regulate prices and control the supply of gasoline. For example, the House of Representatives has even passed legislation subjecting gas stations owners to criminal penalties if they charge more than a federal bureaucrat deems appropriate. Proponents of these measures must have forgotten the 1970s, when government controls on the oil industry resulted in gas lines and shortages. It was only after President Reagan lifted federal price controls that the gas lines disappeared.
Instead of imposing further restraints on the market, Congress should consider reforming the federal policies that raise gas prices. For example, federal and state taxes can account for as much as a third of what consumers’ pay at the pump. The Federal Government’s boom-and-bust monetary policy also makes consumers vulnerable to inflation and to constant fluctuations in the prices of essential goods such as oil. It is no coincidence that oil prices first became an issue shortly after President Nixon unilaterally severed the dollar’s last link to gold.
Basic economics says that when government restricts the supply of a good, the price will increase. Yet Congress continues to reject simple measures that could increase the supply of oil. For example, Congress refuses to allow reasonable, environmentally sensitive, offshore drilling. Congress also refuses to remove the numerous regulatory hurdles that add to the prohibitively expensive task of constructing new refineries. Building a new refinery requires billions of dollars in capital investment. It can take several years just to obtain the necessary federal permits. Even after the permits are obtained, construction of a refinery may still be delayed or even halted by frivolous lawsuits. It is no wonder that there has not been a new refinery constructed in the United States since 1976.
Last year, in order to provide the American people with relief from high oil prices, I introduced the Affordable Gas Price Act (HR 2415). This legislation protects the American people from gas price spikes by suspending the federal gas tax whenever the national average gas price exceeds $3.00 per gallon. The Affordable Gas Price Act also expands the supply of gasoline by repealing the federal moratorium on offshore drilling, including in the ANWR reserve in Alaska . HR 2415 also provides tax incentives and protection from nuisance lawsuits for those seeking to build new refineries. Finally, HR 2415 authorizes a federal study on the link between our nation’s monetary policy and the price of oil.
The free market can meet the American people’s demand for a reliable supply of gasoline as long as government does not distort the market through excessive taxation and regulation. Therefore, Congress should lower prices gas prices by pursuing an agenda of low taxes, regulatory relief, and sound money by passing legislation such as my Affordable Gas Act.
In the past few months, American workers, consumers, and businesses have experienced a sudden and dramatic rise in gasoline prices. In some parts of the country, gasoline costs as much as $4 per gallon. Some politicians claim that the way to reduce gas prices is by expanding the government’s power to regulate prices and control the supply of gasoline. For example, the House of Representatives has even passed legislation subjecting gas stations owners to criminal penalties if they charge more than a federal bureaucrat deems appropriate. Proponents of these measures must have forgotten the 1970s, when government controls on the oil industry resulted in gas lines and shortages. It was only after President Reagan lifted federal price controls that the gas lines disappeared.
Instead of imposing further restraints on the market, Congress should consider reforming the federal policies that raise gas prices. For example, federal and state taxes can account for as much as a third of what consumers’ pay at the pump. The Federal Government’s boom-and-bust monetary policy also makes consumers vulnerable to inflation and to constant fluctuations in the prices of essential goods such as oil. It is no coincidence that oil prices first became an issue shortly after President Nixon unilaterally severed the dollar’s last link to gold.
Basic economics says that when government restricts the supply of a good, the price will increase. Yet Congress continues to reject simple measures that could increase the supply of oil. For example, Congress refuses to allow reasonable, environmentally sensitive, offshore drilling. Congress also refuses to remove the numerous regulatory hurdles that add to the prohibitively expensive task of constructing new refineries. Building a new refinery requires billions of dollars in capital investment. It can take several years just to obtain the necessary federal permits. Even after the permits are obtained, construction of a refinery may still be delayed or even halted by frivolous lawsuits. It is no wonder that there has not been a new refinery constructed in the United States since 1976.
Last year, in order to provide the American people with relief from high oil prices, I introduced the Affordable Gas Price Act (HR 2415). This legislation protects the American people from gas price spikes by suspending the federal gas tax whenever the national average gas price exceeds $3.00 per gallon. The Affordable Gas Price Act also expands the supply of gasoline by repealing the federal moratorium on offshore drilling, including in the ANWR reserve in Alaska . HR 2415 also provides tax incentives and protection from nuisance lawsuits for those seeking to build new refineries. Finally, HR 2415 authorizes a federal study on the link between our nation’s monetary policy and the price of oil.
The free market can meet the American people’s demand for a reliable supply of gasoline as long as government does not distort the market through excessive taxation and regulation. Therefore, Congress should lower prices gas prices by pursuing an agenda of low taxes, regulatory relief, and sound money by passing legislation such as my Affordable Gas Act.
April 06, 2008
Taxation Again
By Tibor R. Machan - Co-Founder, Reason Magazine
Instead of all the mud slinging between Senators Hillary Rodham Clinton and Barack Hussein Obama, wouldn’t it be refreshing to have them engage in some serious political discussion? Since April 15 is nearly upon us, many American citizens might appreciate some in-depth exploration of the nature of taxation. The federal income tax, in particular, would deserve thoughtful examination. Senator John McCain could also enter the fray, me thinks.
Read More
Instead of all the mud slinging between Senators Hillary Rodham Clinton and Barack Hussein Obama, wouldn’t it be refreshing to have them engage in some serious political discussion? Since April 15 is nearly upon us, many American citizens might appreciate some in-depth exploration of the nature of taxation. The federal income tax, in particular, would deserve thoughtful examination. Senator John McCain could also enter the fray, me thinks.
Read More
January 24, 2008
Comprehensive Economic Revitalization Plan
Ron Paul releases his Economic Revitalization Plan.
"America became the greatest, most prosperous nation in human history through low taxes, constitutionally limited government, personal freedom and a belief in sound money. We need to return to these principles so our economy can thrive again. When enacted, my plan will provide both short-term stimulus and lay the groundwork for long-term prosperity."
More of Ron Paul's plan here
"America became the greatest, most prosperous nation in human history through low taxes, constitutionally limited government, personal freedom and a belief in sound money. We need to return to these principles so our economy can thrive again. When enacted, my plan will provide both short-term stimulus and lay the groundwork for long-term prosperity."
More of Ron Paul's plan here
December 11, 2007
Hillary Clinton: $500,000,000 in porkbarrel money to donors
Since 2001, Hillary Clinton has delivered $500 million worth of earmarks that have specifically benefited 59 corporations. 64% of those corporations provided funds to her campaigns through donations made by executives, board members, or lobbyists. Clinton has earmarked more than $2.3 billion in federal appropriations for projects.WARNING: More big intrusive government ahead.read more | digg story
December 01, 2007
Huckabee raised taxes more than Clinton
It seems Mike Huckabee raised more taxes in Arkansas in 10yrs, than what Bill Clinton could do in 12 yrs. Read More Here
November 26, 2007
Huckabee, the False Conservative
Huckabee is campaigning as a conservative, but serious Republicans know that he is a high-tax, protectionist, big-government advocate of a strong hand in the Oval Office directing the lives of Americans.
More of the story here
More of the story here
November 20, 2007
Ron Paul: The same yesterday, today, and tomorrow
This is a video of Ron Paul back in 1988. He still believes the same things. No flip-flopping here
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