Tennessee Congressman John J. Duncan signed legislation about two weeks ago that would give the wealthiest tax payers the option of returning more of their incomes to the federal government. The Legislation, HR 5783, is literally named the "Put Your Money Where Your Mouth Is" Act.
Essentially what this bill would do is reconstruct the current U.S. Tax Code allowing citizens to make voluntary donations, above their normal tax obligations to the government to help fund federal programs. Why would anyone wanna do that?
The Bill was introduced in response to the wails of many extremely wealthy liberals that taxes should be raised on everyone. However, tax increases especially in time of economic uncertainty would only hinder middle town Americans and further damage the economy. So what should we do? Lets give the ability to contribute more money to those people who whine and complain that taxes should be raised. Their bank accounts can most likely handle tax increases, but the average American isn't going to be able to adapt so easily.
What seems like a lot of money to most Americans does not even faze people that have enormous wealth,” said Duncan. “Many of these wealthy people wouldn’t even notice if they had to pay more in taxes. So, this bill would give them the opportunity to contribute more without increasing taxes and further burdening middle class families.”
I'm never for increased taxes, and am quite the Reaganomics fan. In no way do I think that the upper-middle class and upper class should be responsible for bearing the burden of the lower classes. I think that it's nothing less then thievery for the government to take so much from businesses and hardworking Americans to fund the poor. I don't mind, however, for people to contribute on their own and in fact commend it. I am just extremely against a federal power demanding my money to fund anyone else other then the essentials. Fiscal responsibility is key.
So kudos to Congressman Duncan for giving people the ability to contribute more of their funds to the federal government voluntarily. Now maybe liberal millionaires such as our two democratic presidential hopefuls, Holleywood -types, and any one else who may be fans of inefficient social programs can "put their money where their mouth is."
