I found Congresswoman Cheri Bustos' “tax scam” letter to be an interesting take on the recent tax bill passed by the Congress. I agree the bill should provide tax relief for the middle class and small business owners who create most of the jobs many people rely upon, and it does that.
According to the Congressional Budget Office, Tax Policy Center and even Congress' own Joint Committee on Taxation agree that those who don’t pay a federal income tax today, still won’t tomorrow. Further, tax relief will average $1,600 for 143 million taxpayers and 8.5 million will pay more, so I’m not quite sure where Cheri is getting her numbers, but it’s not the Tax Policy Center.
And as for the independent and small business owner, everyone I’ve spoken to is ecstatic with joy. Further, a repeal of the $600 penalty for not carrying health insurance resolves an incredibly un-American and unconstitutional violation of our basic civil rights.
It is true this tax bill is overly generous to the 1 percent uber rich, but everyone on both sides of the aisle is talking about it, and I believe there’s enough bipartisan support to amend this misallocation of largess, and it should be amended. That’s what Congress should do when there is a major flaw in a piece of legislation.
Yes, it will add $50 billion a year to the deficit. I, like many other Americans, would like to see spending cuts along with the tax cut. Still, I find her machinations to lay the failure of Obamacare at the foot of this tax bill both ingenuous and corrupt; because Obamacare’s big failure is its institutionalization of $1.9 trillion of theft by Big Pharma, Big Insurance and Big Health care.
Now if she is really serious about cleaning up our growing deficit I have to ask where was Cheri when Obamacare needed amending? Further, didn’t Cheri always vote to expand the nation's debt when given the chance?
Our nation's debt is a big problem. America has a debt to GDP ratio of 105 percent and we’ve crossed the technical rubicon into bankruptcy. And while it is easy to condemn, it’s much harder to put the work in to find a solution, but that’s exactly what I’ve done.
I have just released Part II of my On Liberty video series sharing what I believe is the only peaceable option available that can solve this problem; to reorganize and decentralize all the independent, private and public agencies of the executive branch of our federal government. Reorganization is what happens in a bankruptcy and I believe it is most efficient to reorganize upon the original tenets of our Constitution that have been abandoned, because from a historical view, this is what caused the problem in the first place.
I’m just wondering why after a number of terms in office Bustos is suddenly so concerned about the rich getting richer after sitting back and watching the Obama administration run the nation's debt up $9 trillion to over $20 trillion in eight short years; while at the same time, Federal Reserve Bank monetary policy pumped the stock market higher with a zero interest rate policy and quantitative easing to rescue insolvent "too big to fail" banks. Where was Cheri’s righteous indignation then?
I can tell you ... Cheri is as partisan as an elected official can get. This is why I held press conferences in front of her offices regarding the REINS Act, a key piece of legislation that would be a big first step in reorganizing our out of control federal agencies that she and all but two Democrats voted against.
But this is what you get when an elected official serves as the chairwoman of both policy and communications for the DNC; one's fidelity to their constituents becomes divided. Say, I wonder where she was when the DNC decided to sabotage the darling of the alt-progressive left, Bernie Sanders?
Bill Fawell is a Republican candidate for 17th Congressional District, Illinois