tag:blogger.com,1999:blog-8515829.post3761895512067474919..comments2024-03-29T04:30:22.039-07:00Comments on Irons in the Fire: Tab clearingFirehandhttp://www.blogger.com/profile/04562365951182027709noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8515829.post-32516985101790524282015-03-15T19:34:40.779-07:002015-03-15T19:34:40.779-07:00Obama promised no new taxes, told his voters it wa...Obama promised no new taxes, told his voters it wasn't a tax, and sent lawyers to argue in court that is was. That's more dishonest than the first Bush's broken "read my lips" promise - and droves of Republican voters deserted him in 1992.<br /><br />But what really, really gets me upset is Robert's reasoning as to what kind of tax this is. The Constitution does NOT allow Congress to tax everything. It is limited to three kinds of taxes:<br /><br />1. Indirect taxes, such as import duties and excise taxes. That is, these are taxes on material items.<br /><br />2. Direct taxes, divided among the states by population. Historically, the only way this ever worked was a per-head tax, and as far as I know, the feds haven't tried to collect such a tax since the Mexican-American War.<br /><br />3. A direct tax on income, enabled by the 16th Amendment. Congress could have formulated the penalty as an income tax increase, offset by a tax credit for buying insurance, but in respect for Obama's promise - and remembering that breaking a similar promise made the first Bush a 1-term president - the penalty was deliberately formulated so it could not be construed as income tax.<br /><br />If the penalty is a tax, it isn't type 2 or 3. So Roberts decided that a tax on NOTHING is the same as a tax on something!<br /><br />And established a precedent that Congress can tax anything, or nothing.markmnoreply@blogger.comtag:blogger.com,1999:blog-8515829.post-80159815798976986602015-03-03T05:02:34.959-08:002015-03-03T05:02:34.959-08:00I almost think that zerobama had to placate the Wa...I almost think that zerobama had to placate the Wall Street crowd. Imagine what would have happened if millions of 401Ks had stayed in the toilet.Titan Mk6Bnoreply@blogger.com