| Independent American Party Defending America's Principles of Independence and Liberty Join in Committee of Correspondence Action |
- IAP Bulletin 091015 October 15, 2009
Independent American Party Stand
On Economy, Entitlements, Immigration and Tax Reform
Beginning in 1776 with the Declaration of Independence, then with the
successful ratification for union in 1788, we the people established a free and
independent nation under the United States Constitution.
Then, around 1935, we let special interest groups tell us that a little
socialism was good. We took the easy handout. Millions then became
dependent on government run socialism. Now, here we are. The cost has
enslaved the nation in taxes and debt to an unsustainable degree. It now poses a
threat to the people's general welfare including the value of our dollar.
David Walker spent much of his time, in serving as the Comptroller General
of the United States, warning our country about the coming financial disaster due
to the programs of socialism. On March 12 of 2008, he resigned in order to
better spend his time warning the people.
In an interview about two months before his resignation, David Walker said:
"The problem is that even though the deficits have come down for three years in
a row, our unfunded promises for Social Security and Medicare have risen
dramatically. In our total fiscal hole it is $53 trillion. That's $440,000 per
household. So the problem's not where we are, it's not where we've been. It's
where we're headed unless we end up making dramatic and fundamental
reforms."
Soon after that interview, David Walker resigned as the comptroller general
in order to better spend his time warning America about the financial calamity
facing our dollar's value.
Later in that same year of 2008, greed and corruption in the business world
joined in league with politicians to use our tax dollars to rescue the big
corporations that were going bankrupt. Such bailouts are opposed by
Americans who think that living in a nation of free enterprise means that when a
business fails, the people who did it should pay the price and learn from their
mistakes. That's the way America use to be. Things have changed. Politicians in
government do not listen much to we the people any more. It seems we no longer
have American government of, by and for the people. The big international
bankers have convinced the politicians to save the big financial corporations at
the expense of the American tax payer.
When Government cannot collect enough revenue from taxes to pay for all its
spending, it either prints extra money which adds to inflation or it borrows which
adds to the national debt. Since the American people do not have the money to
buy the debt, our Government sells treasury bonds to foreigners such as Japan
and China. When these foreign investors see our dollar's value go down due to
low interest returns from our U.S. Treasury bonds plus our growing debt, they
could refuse to purchase more bonds. Our Government could then be forced to
just print money to pay its bills with super inflation as the result.
What are we, the American people, going to do about this financial crises?
The answer involves taking the necessary corrective actions that will work to
soften the landing of the financial crash of our dollar that our Government is
leading us into, bring our factory jobs back and maintain the "Entitlements" of
millions of veterans and senior citizens.
First, in the face of a severe economic crash due to Government
unsustainable spending and debt, we must still put first priority on our homeland
defense. Considering the expense and unfortunate results of our foreign
involvement, we need to consider strategically bringing all troops home to better
protect the security of our homeland and borders.
Second, we must cut taxes on production and capital gains for the rebuilding
of our nation's production industry. This creates jobs and prosperity for those who
will work.
At the same time, we must cut government spending so that government
expenditures will not be greater than government revenue.
When these needed economic reforms become United States Government
policy, the value of our dollar will rise. We will avert the dollar's collapse that will,
otherwise, be sure to come. By supporting the Fair Tax Act for tax reform, the
might of our American free enterprise will be restored while still maintaining
necessary Environmental Protection Agency standards and forestalling the
shortfall on "entitlements". America's greatest era of prosperity will come.
Third, after full economic recovery, we will have need to give consideration
to increasing immigration quotas. Due to abortions resulting in millions of our
natural born citizens and a new generation of workers being slaughtered, we will
have need to replace them in an expanding economy. Illegal aliens who will not or
cannot qualify, must be deported or dealt with, as they should have always been,
as criminals according to law.
The change needed in our tax laws that will bring the above prosperity
including the revenue that will forestall the "Entitlement" shortfall that millions
depend on, is to pass the legislation of the Fair Tax. This Fair Tax is H.R. 25 in
the House and S. 296 in the Senate. When enacted, it will set free every man and
woman in this nation to work and produce and maintain control over all the fruit of
their labors. Also, every arm of our Federal Government that is designed to
control we the people through IRS control will be eliminated.
From Congress.org we read about this H.R. 25 legislation:
"1/6/2009--Introduced.
"Fair Tax Act of 2009 - Repeals the income tax, employment tax, and estate and
gift tax. Redesignates the Internal Revenue Code of 1986 as the Internal
Revenue Code of 2009.
"Imposes a national sales tax on the use or consumption in the United States of
taxable property or services. Sets the sales tax rate at 23% in 2011, with
adjustments to the rate in subsequent years. Allows exemptions from the tax for
property or services purchased for business, export, or investment purposes, and
for state government functions.
"Sets forth rules relating to: (1) the collection and remittance of the sales tax; and
(2) credits and refunds.
"Allows a monthly sales tax rebate for families meeting certain size and income
requirements.
"Grants states the primary authority for the collection of sales tax revenues and
the remittance of such revenues to the Treasury.
"Sets forth administrative provisions relating to: (1) the filing of monthly reports
and payments of tax; (2) accounting methods; (3) registration of sellers of goods
and services responsible for reporting sales; (4) penalties for noncompliance;
and (5) collections, appeals, and taxpayer rights.
"Directs the Secretary of the Treasury to allocate sales tax revenues among: (1)
the general revenue; (2) the old-age and survivors insurance trust fund; (3) the
disability insurance trust fund; (4) the hospital insurance trust fund; and (5) the
federal supplementary medical insurance trust fund.
"Prohibits the funding of the Internal Revenue Service (IRS) after FY2013.
Establishes in the Department of the Treasury: (1) an Excise Tax Bureau to
administer excise taxes not administered by the Bureau of Alcohol, Tobacco,
Firearms, and Explosives (ATF); and (2) a Sales Tax Bureau to administer the
national sales tax.
"Terminates the sales tax imposed by this Act if the Sixteenth Amendment to the
U.S. Constitution (authorizing an income tax) is not repealed within seven years
after the enactment of this Act."
As a result of implementing the above corrective actions plus passing the
above legislation, the economy will boom to head off a socialistic disaster due to
"Entitlements".
As a result of passing the above Fair Tax, the taxing method that funds the
"Entitlements" will change. There will no longer be a required additional tax for
the Social Security trust fund. Therefore, for future recipients of Social Security
funds, there will be no more "Entitlements" based on what an individual paid into
the trust fund. All future trust fund payouts to new recipients can now be based
entirely on need rather than entitlement.
Those who do receive assistance and can work should be required to do so.
The requirement to work can be fulfilled through many avenues, including through
performing community service. People who plan and properly provide for their
retirement should no longer need to receive assistance from the Government and
the requirement to work can be avoided. As Government expenses are cut, so
can taxes be reduced.
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