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Written by Chad Sargent
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Monday, 10 July 2006 |
Politicians and others who oppose the FairTax often quote studies from the Joint Committee on Taxation. Knowledge of this agency and the information it provides will help us counter opposition to the FairTax.
"What's the greatest obstacle to fundamental tax reform? No, it's not powerful defenders of the tax code, such as the realtors, state and local governments and large employers. Nor is it eloquent liberal lawmakers who specialize in the art of class warfare demagoguery. Rather, it's an obscure federal agency that provides lawmakers with technical reports estimating the "revenue effects" of tax proposals -- the Joint Committee on Taxation (JCT). The reason is quite simple. These official and "nonpartisan" estimates routinely determine the outcome of major legislative battles. The most recent example involves the longstanding effort by congressional tax reformers to end the death tax. In early June, the Senate considered legislation passed previously in the House that would permanently repeal the tax. After defenders torpedoed the repeal bill on a procedural motion, congressional leaders moved to enact a compromise plan that cedes the moral high ground long held by reformers in return for miniscule economic benefits."
More at http://www.humaneventsonline.com/article.php?id=15719
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Last Updated ( Monday, 10 July 2006 )
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