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Phil Gramm is Woefully Wrong on the Border Adjustment Tax

Seton Motley | Less Government | LessGovernment.org

Still His Approach Today

I have long liked former Texas Congressman, Senator and presidential candidate Phil Gramm.  I in fact voted for him in the 1996 Republican presidential primary.  The one time I got to meet him – years thereafter, at a UBS event (with whom he’d landed a post-politics gig) – I told him I had cast a presidential ballot for him.  His response was a deadpan “That was you?”

Gramm received my 1996 vote – in part because of a move he made in 1983.  Then a conservative Democrat Congressman, Gramm had been just about excommunicated from the Donkey Party for working on budget issues with Republican President Ronald Reagan.  So he announced he would switch Parties – and that he would resign his seat to do it.  Having been elected as a Democrat, he felt it dishonest to make the change without again facing the voters.  His voters re-ensconced him in a special election.

Gramm called his move: “(T)he only honorable course.”  He described his situation thus: “My crime was that I dared to practice in Washington what I preached here at home….That I should be punished for representing the people who sent me to Washington is unfair.” More

Republican Business Tax Reform: Less Government in Businesses’ Wallets – and Yours

Seton Motley | Less Government | LessGovernment.org

Finally Headed in the Right Direction

Congress hasn’t done major tax reform since 1986.  We are WAY past due.  And it is WAY past necessary.

The current tax code is an economy-stifling combination of sky-high rates – and stupid mandates and stipulations.  Most of what our government has ensconced in tax law – works to drive businesses out of business and out of the country.  Taking with them the jobs and salaries they proffer.

Our elected officials say they want to foster a business-friendly environment – so as to make available the most opportunities to the most Americans.  Their tax code belies them.

We invite you into our house – and then our tax code simultaneously picks your pockets and beats you about the head and shoulders with a bat.  We should at least have the decency to not act surprised when you get up and leave.

We need to rewrite tax law – that has for decades incentivized a mass American business exodus. This America Last, “Made In America Tax” code – is terrible policy. More