Wednesday, December 11, 2024

Search

Tax Reform Needed

By Joe Murphy, Town Bank

To the Editor: 
I don’t need a rich Trump hatchet man like Treasury Secretary Mnuchin telling us the federal government shouldn’t subsidize the states. He and Trump will benefit from the proposed plan out of my middle-class pocket. 
I submit it is the states and their taxpayers who subsidize the feds. If tax reform is desired then change the collection procedures. He who controls the purse strings controls the money. Here’s a plan. All federal taxes owed are to be collected by the states and these states will decide how much they think the feds need and will get. The states will also be able to collect interest on these holdings and keep such. Apply this type of plan to all taxes collected in the states, e.g. municipal, school board, fire districts, library, open space, county, and state-owed taxes. These taxes would be collected by the municipalities. They would meet with the representatives of the other governments to decide how much those entities need and will be given. Local governments will also be able to collect interest on the held taxes until payments are made.
Of course, this plan will never happen because each government entity mentioned above will never agree to give up funding its tax-supported fiefdom. This plan isn’t power to the people; it is a more direct tax spending control. I hope my plan scares politicians and gets the many not wealthy taxpayers to start thinking of solutions.

Spout Off

North Wildwood – To the MAGA Seniors of Cape May County who are worried about a potential life at a Nursing Home, this one is for you. The Trump Team and Republicans are preparing to kill a Biden administration…

Read More

Sea Isle City – If I see you on the street in town, don't be offended if I wish you a Merry Christmas, and your beliefs are different. It's just giving you well wishes for whatever season you celebrate.

Read More

Sea Isle City – The Mayors answer to lame decorations this year. Let’s buy big bows and thrown them around town. Why doesn’t he get in his car and go see how other towns are decorated. He did it when it came time to…

Read More

Most Read

Print Editions

Recommended Articles

Skip to content