Political Forums  

Go Back   Defending The Truth Political Forum > Political Forum > Current Events

Current Events Current Events Forum - Latest political news and events


Thanks Tree18Thanks
Reply
 
LinkBack Thread Tools Display Modes
Old August 2nd, 2015, 06:01 PM   #1
Senior Member
 
Join Date: Jul 2015
Location: USA
Posts: 1,923
Why do candidates avoid The Fair Share Balanced Budget Amendment?

I happen to be a firm believer in requiring our federal government to balance the budget on an annual basis. To not do so opens the door to accumulating a massive federal debt, as has happened, and thus depriving our nation’s younger generation of their economic liberty in that they are now in debt to the tune of $127 Trillion! See You Think The Deficit Is Bad? Federal Unfunded Liabilities Exceed $127 Trillion

My personal choice for federal tax reform and a balanced budget amendment is following what our Founders intended, and is reflected in the FAIR SHARE BALANCED BUDGET AMENDMENT which follows.


The Fair Share Balanced Budget Amendment


“SECTION 1. The Sixteenth Amendment is hereby repealed and Congress is henceforth forbidden to lay ``any`` tax or burden calculated from profits, gains, interest, salaries, wages, tips, inheritances or any other lawfully realized money.


NOTE: these words would return us to our founding father’s ORIGINAL TAX PLAN as they intended it to operate! They would also end the experiment with allowing Congress to lay and collect taxes calculated from lawfully earned "incomes" which now oppresses America‘s economic engine and robs the bread which working people have earned when selling their labor!

"SECTION 2. Congress ought not raise money by borrowing, but when the money arising from imposts duties and excise taxes are insufficient to meet the public exigencies, and Congress has raised money by borrowing during the course of a fiscal year, Congress shall then lay a direct tax at the beginning of the next fiscal year for an amount sufficient to extinguish the preceding fiscal year's deficit, and apply the revenue so raised to extinguishing said deficit."


NOTE: Congress is to raise its primary revenue from imposts and duties, [taxes at our water’s edge], and may also lay miscellaneous internal excise taxes on specifically chosen articles of consumption. But if Congress borrows and spends more than is brought in from imposts, duties and miscellaneous excise taxes during the course of a fiscal year, then, and only then, is the apportioned tax to be laid.


"SECTION 3. When Congress is required to lay a direct tax in accordance with Section 1 of this Article, the Secretary of the United States Treasury shall, in a timely manner, calculate each State's apportioned share of the total sum being raised by dividing its total population size by the total population of the united states and multiplying that figure by the total being raised by Congress, and then provide the various State Congressional Delegations with a Bill notifying their State’s Executive and Legislature of its share of the total tax being collected and a final date by which said tax shall be paid into the United States Treasury."


NOTE: our founder’s fair share formula to extinguish an annual deficit would be:

States’ population

---------------------------- X SUM TO BE RAISED = STATE’S FAIR SHARE

Total U.S. Population


The above formula, as intended by our founding fathers, is to insure that those states who contribute the lion’s share of the tax are guaranteed a representation in Congress proportionately equal to their contribution, i.e., representation with a proportional financial obligation!



Note also that each State’s number or Representatives, under our Constitution is determined by the rule of apportionment:


State`s Pop.
------------------- X House size (435) = State`s No. of Representatives
U.S. Pop.



"SECTION 4. Each State shall be free to assume and pay its quota of the direct tax into the United States Treasury by a final date set by Congress, but if any State shall refuse or neglect to pay its quota, then Congress shall send forth its officers to assess and levy such State's proportion against the real property within the State with interest thereon at the rate of ((?)) per cent per annum, and against the individual owners of the taxable property. Provision shall be made for a 15% discount for those States paying their share by ((?))of the fiscal year in which the tax is laid, and a 10% discount for States paying by the final date set by Congress, such discount being to defray the States' cost of collection."


NOTE: This section respects the Tenth Amendment and allows each state to raise its share in its own chosen way in a time period set by Congress, but also allows the federal government to enter a state and collect the tax if a state is delinquent in meeting its obligation.


"SECTION 5. This Amendment to the Constitution, when ratified by the required number of States, shall take effect no later than (?) years after the required number of States have ratified it.


JWK


“…..with all these blessings, what more is necessary to make us a happy and a prosperous people? Still one thing more, fellow-citizens—a wise and frugal Government, which shall restrain men from injuring one another, shall leave them otherwise free to regulate their own pursuits of industry and improvement and shall not take from the mouth of labor the bread it has earned. This is the sum of good government, and this is necessary to close the circle of our felicities“. Thomas Jefferson, First Inaugural Address
johnwk is offline  
Old August 2nd, 2015, 06:04 PM   #2
Senior Member
 
Join Date: Jul 2014
Location: massachusetts
Posts: 11,134
You want to balance the budget, just pass a law that sets the tax rate on income over a million dollars at a rate that balances the budget.
You'll see a balanced budget, without excessive taxation ....
Thanks from LongWinded
goober is offline  
Old August 2nd, 2015, 06:47 PM   #3
Senior Member
 
skews13's Avatar
 
Join Date: Nov 2012
Location: nirvana
Posts: 9,347
Quote:
Originally Posted by goober View Post
You want to balance the budget, just pass a law that sets the tax rate on income over a million dollars at a rate that balances the budget.
You'll see a balanced budget, without excessive taxation ....
Yep. As is usual with the usual suspects, their memories always fall short.

Bill Clinton did exactly that in '99, and we were on our way to a balanced budget, and a surplus.

Then comes W. with his $2 trillion tax cut for those same millionaires, and the balanced budget goes out the window, along with the surplus.

Now we have a whole new set of nimrods that still think the same failed policies will produce different results. Which is ironic as hell considering the fact the tax cuts is the main contributor to both the debt and the deficit.

skews13 is offline  
Old August 3rd, 2015, 03:02 AM   #4
Senior Member
 
Join Date: Jul 2015
Location: USA
Posts: 1,923
Quote:
Originally Posted by goober View Post
You want to balance the budget, just pass a law that sets the tax rate on income over a million dollars at a rate that balances the budget.
You'll see a balanced budget, without excessive taxation ....
What does that have to do with candidates avoiding any mention of the Fair Share Balanced Budget Amendment?


JWK
Thanks from Jimgorn
johnwk is offline  
Old August 3rd, 2015, 04:08 AM   #5
Senior Member
 
Join Date: Jul 2014
Location: massachusetts
Posts: 11,134
Quote:
Originally Posted by johnwk View Post
What does that have to do with candidates avoiding any mention of the Fair Share Balanced Budget Amendment?


JWK
The Fair Share Balanced Budget Amendment is pure stupidity, that keeps the Democrats away, and it might be just a little too stupid for the GOP.
Policy should be about people, not places, and this is stupid policy, levying a per capita tax based on one of the great flaws of the original constitution.
Thanks from LongWinded
goober is offline  
Old August 3rd, 2015, 04:14 AM   #6
I'm debt free
 
TNVolunteer73's Avatar
 
Join Date: Nov 2012
Location: Lebanon, TN
Posts: 36,150
You do know that the GOP Congress has kept spending in Balance for the last 4 months.

only 2 months after kicking the Democrats out of the Senate, the GOP Congress has brought the budget into balance. (Now we see if that holds for the rest of the year)

15 Weeks: Treasury Says Debt Has Been Frozen at $18,112,975,000,000
TNVolunteer73 is offline  
Old August 3rd, 2015, 04:58 AM   #7
Senior Member
 
Join Date: Jul 2015
Location: USA
Posts: 1,923
Quote:
Originally Posted by goober View Post
The Fair Share Balanced Budget Amendment is pure stupidity, that keeps the Democrats away, and it might be just a little too stupid for the GOP.
Policy should be about people, not places, and this is stupid policy, levying a per capita tax based on one of the great flaws of the original constitution.

You assert The Fair Share Balanced Budget Amendment "is pure stupidity" but offer no explanation. Why?


JWK


“…..with all these blessings, what more is necessary to make us a happy and a prosperous people? Still one thing more, fellow-citizens—a wise and frugal Government, which shall restrain men from injuring one another, shall leave them otherwise free to regulate their own pursuits of industry and improvement and shall not take from the mouth of labor the bread it has earned. This is the sum of good government, and this is necessary to close the circle of our felicities“. Thomas Jefferson, First Inaugural Address
johnwk is offline  
Old August 3rd, 2015, 08:55 AM   #8
RNG
Senior Member
 
RNG's Avatar
 
Join Date: Apr 2013
Location: Between everywhere
Posts: 30,292
Quote:
Originally Posted by johnwk View Post
You assert The Fair Share Balanced Budget Amendment "is pure stupidity" but offer no explanation. Why?


JWK


“…..with all these blessings, what more is necessary to make us a happy and a prosperous people? Still one thing more, fellow-citizens—a wise and frugal Government, which shall restrain men from injuring one another, shall leave them otherwise free to regulate their own pursuits of industry and improvement and shall not take from the mouth of labor the bread it has earned. This is the sum of good government, and this is necessary to close the circle of our felicities“. Thomas Jefferson, First Inaugural Address
Anything that rigid would cause undue oscillations in the economy and undue harm and suffering. I am greatly against government debt but there has to be some variability allowed for extreme circumstances.
Thanks from Camelot and LongWinded
RNG is offline  
Old August 3rd, 2015, 11:29 AM   #9
Fayt Storm ON [OFF]
 
Fayt's Avatar
 
Join Date: Jul 2010
Location: Not in MD
Posts: 15,799
We control our own currency john. So why should we even worry about our national debt? In fact we should be going deeper in debt to help solve our economic situation.
Fayt is offline  
Old August 3rd, 2015, 12:42 PM   #10
Senior Member
 
Join Date: Jul 2015
Location: USA
Posts: 1,923
Quote:
Originally Posted by RNG View Post
Anything that rigid would cause undue oscillations in the economy and undue harm and suffering. I am greatly against government debt but there has to be some variability allowed for extreme circumstances.
You are making a generalized comment without any specifics. I have no idea what your objection is.


JWK




If we can make 51 percent of America’s population dependent upon an Obama, welfare, food stamp, section 8 housing, college loan check, and now free Obamacare along with FREE BACON, we can blackmail them for their vote, keep ourselves in power and keep the remaining portion of America’s productive population enslaved to pay the bills ____ Our Washington Establishment’s Free Cheese Democracy, designed to establish a federal plantation which redistributes wealth that wage earners, business and investors have worked to create.
johnwk is offline  
Reply

  Defending The Truth Political Forum > Political Forum > Current Events

Tags
amendment, avoid, balanced, budget, candidates, fair, share



Thread Tools
Display Modes


Similar Threads
Thread Thread Starter Forum Replies Last Post
Pay your Fair Share, POTUS Obama TNVolunteer73 Current Events 3 April 13th, 2013 03:34 AM
Let's play the Rich don't pay their fair share Truth Detector Current Events 40 November 27th, 2012 01:22 PM
The rich most certainly are paying their fair share. Politicskid Taxes 668 October 26th, 2012 11:00 AM
House Rejects Balanced Budget Amendment Mom Current Events 13 November 19th, 2011 01:04 PM
Gay Marriage Is Issue Candidates Would Rather Avoid Cubbie Gay and Lesbian Rights 54 September 25th, 2008 08:50 AM


Facebook Twitter RSS Feed



Copyright © 2005-2013 Defending The Truth. All rights reserved.