Presidential Tax Simplification Act
The President’s Administration is out to simplify the American People’s taxes. It is about time someone had the balls to do this. What a mess our current tax system is. As we enter a slowing of the economy and head into a downward business cycle taxpayer’s will be glad to have simplification. Indeed by taking off the books many of the old tax incentives which clearly drive money to specific industries, this will give the government more levers to make this downward business cycle shallow and a good steady return. It is always the intense quick changes, which cause havoc in the job markets and exacerbate economic problematic spikes.
Tax preparation should not be rocket science; indeed it should be simple and more along the lines of Steve Forbes’ thoughts. Simplification of rules, regulations and laws are necessary for efficiency of our economic engine. This is a good plan at the right time. The American People want simplified tax rules and forms. KISS has always been the hallmark of a good strategy in any human, business or government endeavor. By keeping it simple now, this will allow future tax incentive levers in the future to encourage new industries and help older industries transition as the keep sales strong to re-invest. Our Auto Industries and many manufacturing sectors will be helped and this means American Jobs.
This is a good time to simplify taxes and a good time to help move our economy and populations into the future, where technology will solve many of the problems we are trying to currently cure. But first we must get there and to do that this is the first step, one of many, but a big step for all mankind and one we must take. You should be thinking here.
"Lance Winslow" - Online Think Tank forum board. If you have innovative thoughts and unique perspectives, come think with Lance; www.WorldThinkTank.net/wttbbs/
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