Measure G City Council Compensation. People live in fear of the IRS, which has the power to probe every detail of our financial lives to decide how much we will be forced to pay. (AP Photo/Manuel Balce Ceneta) (CNSNews.com) - A budget-balancing proposal from the libertarian CATO Institute achieves fiscal equilibrium in only ten years. The measure was rejected by voters on September 9, 2003, with 68 percent opposed to it. Richard Epstein analyzes the various components of Hillary Clinton’s tax plan and proposes a classical liberal alternative. Briggs: Libertarian Donald Rainwater’s tax-cut plan is ‘tin-hat crazy’ Indiana will have to defund the police — and everything else — if Rainwater beats Eric Holcomb. Balance the federal budget now – then keep cutting more! Taxes are never voluntary – they are always paid under threat of punishment. I can’t find any credible sources on it, just places like The Washington Post. Creative Commons Attribution 4.0 International license. No one spends money as responsibly as those who worked for it. Copyright © 2020 Libertarian National Committee, Inc. All Rights Reserved. While the Alabama Republican Party eventually offered a weak disapproval of Riley’s tax plan, the Libertarian Party of Alabama was the only political party to offer active resistance to the proposed tax hike. Now the Republicans have issued the specifics of their plan. The Libertarian Party is fundamentally opposed to the use of force to coerce people into doing anything. Lowers taxes for millions of Americans; 2. Libertarian Party on Tax Reform Repeal the income tax and abolish the IRS We call for the repeal of the income tax, the abolishment of the Internal Revenue Service and all federal programs not required under the US Constitution. Libertarian Booster PAC presents a plan to cut Texas state spending across the board by 4% per year for ten years. Can anyone point out the true pros and cons of his tax plan. Here is the (mostly) good, a few bad, and one ugly piece of the plan: The Good 1. If you fail to pay what government says you owe, you can be fined, have your wages garnished, assets seized, even go to prison. Individuals know what is best for themselves, their families, and their community – certainly better than out-of-touch bureaucrats and politicians in Washington. From our founding until 1916, our economy and nation thrived without an income tax or the IRS. Whether you are progressive, liberal, conservative, libertarian, or green, there is a tax plan that everyone can get behind, at least in principle. From our founding until 1916, our economy and nation thrived without an income tax or the IRS. Richard Epstein reacts to the tax plan released by congressional Republicans and explains what steps are most essential for jumpstarting economic growth. Please look over the website and learn about Jo and VP Candidate Spike Cohen. A brief plan calls for a brief analysis. Cruz’s plan calls for a flat 10% income tax, with a 16% business tax that would reduce tax revenue for the government by $768 billion over 10 years, but create widespread economic benefits by giving the average taxpayer a 9.2% decrease in taxes, raising wages by 12.2%, create 4.8 million jobs, create a 14% after-tax income growth, and, if managed properly, would increase the GDP by 13.9% in … This shouldn’t surprise anyone. Last month I did a preliminary libertarian analysis of the Republicans’ newest tax-reform plan. A libertarian analysis of any tax reform plan is concerned with one thing and one thing only: to what extent does it allow Americans to keep more of their money in their pockets and out of the hands of Uncle Sam. 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