This past
week the U.S. Congress enacted legislation that would
eliminate the marriage tax penalty for married couples as
of the 2001 filing year.
The measure, which will
allow married couples to claim two times the individual
standard deduction, seeks to eliminate the existing
$1,400 discrepancy between single partners filing
separate returns and married partners filing a joint
return. The bill also promises to expand the bottom 15
percent tax bracket so that married couples filing
jointly won't be penalized for pooling their incomes,
which puts many married people into a higher tax bracket
than if they were single and claiming a single income.
The legislation comes on
the heels of the Congressional Budget Office report that
the federal budget surplus is expected to grow
"between $4.5 trillion and $5.7 trillion" over
the next decade, $2.17 trillion of which is non-Social
Security surplus revenue. Republicans and some Democrats
have seen that, even allowing for aggressive national
debt repayment, the federal government will be taking in
way more than is needed to fund its own operation.
President Clinton promises
to veto the bill, calling the surplus predictions
speculative and Republicans irresponsible. Tom Daschle
(D-South Dakota) called the budget surplus projections
the "fiscal equivalent of the dot com stock
market." Democrats fear that Republicans are
spending money that is vital to paying down debt and
saving Social Security and Medicare, and furthermore,
spending a surplus which has not yet materialized. In
classic spin mode, they accuse Republicans of
"spending" money that is not theirs to spend.
What we have is the
opposite of deficit spending - a federal government
playing robber baron to millions of American citizens,
taxing us to the hilt to create surplus revenue. Business
as usual.
The only saving grace is
that Clinton's veto will come in an election year, a
reality which helped to lure some Democrats across the
aisle to vote for the tax cut. The Democratic party
leadership worries that the onus of a presidential veto
will rest squarely with Democratic candidates in
November.
When government coffers
become bloated with our hard-earned dollars, and through
executive veto, the best efforts of Congress to return
that money to its rightful owners are thwarted, what
we're really talking about is redistribution of wealth.
It's quite painful enough, thank you, to pay what we do.
To pay more than is necessary is theft.
The worst that could happen
if this tax cut survived the presidential cleaver and the
economy took a dive would be that the government might
have to tighten their belt and reduce expenditures.
That's a reality most Americans can relate to. If the
government had less money to spend, they would be less
equipped to manage the needs of the American people, and
(gasp) the citizens might have to do more for themselves,
and (double gasp) more to help each other.
And we wonder why America
seems to have no heart. America has grown to rely on her
government to solve every problem and fulfill every need,
which was the plan all along of the socialist-leaning
ruling elite.
I believe in compassionate
conservatism. I believe that when there is suffering and
there is no one else to help, America will take care of
her own. One needs only to look at the outpouring of
support for victims of natural disasters to know that
when times are tough, we still have a heart for one
another.
Our government's sense of
entitlement to our money, and our people's sense of
entitlement to a return on that "investment" is
wrenching the ground from beneath us. We've gone from a
laissez-faire economic philosophy, where we trusted
ourselves with commerce, prosperity, and each other, to a
lazy-fair system, where nobody trusts anybody.
Our system cannot survive
lazy-fair system, producers eventually stop producing,
and become all too satisfied to suckle the government
teat with the rest of their fellow big government
beneficiaries.
We don't need trillion
dollar surpluses. We don't need to be micromanaged. We
don't need to be subsidized, prioritized, supersized, or
annuitized. We need to be free and self-sustaining. We
need to make our own way and make our own communities. We
need the responsibility of caring for those in need
around us to put us back in touch with our own humanity.
There's not much left to
give after the government taketh away, and not much
motivation to become an asset with the government minding
everyone's business.
[Your comments are
welcome: [email protected] ]






Easy button Return it to long suffering taxpayers including those who have paid huge tabs to educate other people's kids…