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Transcripts For CSPAN2 Key Capitol Hill Hearings 20240622

Of these tax changes. So no net cost to the government over time. And you have peoples income up about 10 and additional jobs so more people are working. Now that is close to a free lunch as you can get. And thats the damage done by the current tax system. All the neutral tax systems are a means of getting the three layers of tax. Some are collected at business level. Some collected only at retail. Now my favorite, the personal expenditure tax is put down your income subtract your savings pay tax and whats left . That way each year you sit down and fill out a form and you say, they took what . And then you dont vote for them again. Where laz the retail sales tax might be nickelled and dimed and you may not save all your sales receipts and realize what has happened to you. But there are conveniences of doing it one way or the other. We have to take a look at those. These are all efforts to get away from the horrible horrible effects of the income tax and moving to a more sensible neutra ....

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Transcripts For CSPAN3 Key Capitol Hill Hearings 20240622

Prosperity. And you heard alvin just say over and over again, consumption based tax. My job on the panel is to try to explain why thats important. Its important because the current tax system treats income that you sai and invest much much worse than the income you can consume. Think about it in this very simple fashion. You make some money. You pay tax on that money. Whats left . Disposable income. Aftertax income. You have two choices of what to do tw the aftertax income. You can consume it right away, or you can consume it in the future. Whats consuming in the future . Its saving and investing. Now, lets think about how the federal tax system theets though two choices. If you consume your aftertax income right away, the federal government, by and large leaves you alone. Yeah we have a federal excise tax on gasoline. We have a federal excise tax on bows and arkansas rowrows, but theres really no federal tax on your income. What happens if you save and invest your income instead . Bet ....

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Transcripts For CSPAN3 Politics And Public Policy Today 20240622

In the 1940s and putting together the concept of income we now use today under the income tax they were neglecting the adverse effect on the labor force and it wasnt unknown. The godfather of the income tax henry simons and one of the two leading godfathers admitted that it would damage the economy and his current disciples dont want you to remember that or theyve forgotten it. Heres what simons said about Income Taxation. Income taxation is broadly an instrument of economic control. A means of mitigating economic inequality which well assume that moderation of inequality is an important objective of approximately see and perceived income tax is devices for effecting it. The case for drastic progression in taxation must be rested on the case of inequality on the ethical or aesthetic judgment that the prevailing distribution of wealth and income reveals a degree and or kind of inequality which is distinctly evil or unlovely. Not p ....

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Transcripts For CSPAN2 Book Discussion On Fueling Freedom 20161023

The new 50. Thanks for being on booktv. My pleasure. Every sunday 3 00 p. M. Eastern book tv will bring you authors who have different perspectives of a campaign issue. This week that focuses on energy now is the offer of fuelling freedom we. [inaudible conversations] welcome to the heritage tradition in those joining a son the website has elastic booktv on a future occasion. Please be courteous to move checked your mobile devices have been turned off. , online or in the future you can send your questions or comments at any time. Were also pleased to be coasting this program with our allies of the policy foundation of which kathleen is a fellow. The Ronald Reagan distinguished fellow at the Heritage Foundation as a conservative Movement Leader serves as achievement leader bob to the restore
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Transcripts For CSPAN2 Book Discussion On Fueling Freedom 20160709

Home page for everyones future reference. We are also pleased today to be cohosting this program with our colleagues and allies at the Texas Public Policy Foundation of which kathleen is a fellow. Introducing our program and hosting our guests today is becky norton dunlop, the Ronald Reagan distinguished fellow at the heritage foundation. As a conservative movement leader, she serves as chairman of the conservative action project, leads heritages restore america project, advocates for american conservative ethic conservation ethic and advances energy and Natural Resources policy in general. She also serves on numerous, as a board member for numerous Public Policy organizations and associations. Prior to this she was heritages executive
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