{"id":462,"date":"2011-12-24T18:08:04","date_gmt":"2011-12-25T01:08:04","guid":{"rendered":"http:\/\/gashler.com\/nlc\/?p=462"},"modified":"2011-12-24T18:08:04","modified_gmt":"2011-12-25T01:08:04","slug":"on-closing-those-special-loopholcs","status":"publish","type":"post","link":"https:\/\/gashler.com\/nlc\/?p=462","title":{"rendered":"On Closing Those Special Loopholcs"},"content":{"rendered":"

\"Click<\/a>lCongress demonstrated political dourage in passing an election – year tax increase totaling 5%.8 billion over the next three years. Though cont:-overaail in mln! respects, the measure was widely regarded as a key step toward economic recovery. i Preddent Reagan backed the bill trtng weeks of intensive lobbying, g pedally within reluctant conservative ranks of the Republican Party. The ytctoryonceagalnnttestedtohisown personal charisma and persuasive talents. ‘Now, as memhers,.of the House and Lute visit constituencies in the long ‘ Day recess, theyahould be mulling r cuts in federal spending to entthetaxboostihegoal, of A , is lower budget deficits, interest fates, inflation and unemployment. i Actually the hulk of the increased pts in the threeyur-loan will come E closing loopholes for business and lviduals and tightening taxpayer compliance with the laws. ‘llagan,inhiseffev.’ttveaddresstothe natlm before the showdown in Congress, said aboutm billion of the exura revenue v’..n1n 1-, Mead by collection nt taxes owed now but which are not being paid. Another $40 billion, he said, “represents closing special interest loopholes which have resulted in unintended tax advantages for some.” These are matters of simple fairness. Just since the Presidents address, a taxation study by Tax Analysts, a non profit research organization, disclosed that 33 large corporations with earnings of $100 million or more paid no U.S. corporate taxes in M1. Four of the firma had eamings of more than $500 million. The taxpayers are endtled to an atplanation in such cases and assurance thatstepsareheingtakentohrtngtax credits and other provisions into lulance toinsurethatallshareinitairproportton the burden of taxation. <\/p>\n","protected":false},"excerpt":{"rendered":"

lCongress demonstrated political dourage in passing an election – year tax increase totaling 5%.8 billion over the next three years. Though cont:-overaail in mln! respects, the measure was widely regarded as a key step toward economic recovery. i Preddent Reagan backed the bill trtng weeks of intensive lobbying, g pedally within reluctant conservative ranks of… Continue reading On Closing Those Special Loopholcs<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/gashler.com\/nlc\/index.php?rest_route=\/wp\/v2\/posts\/462"}],"collection":[{"href":"https:\/\/gashler.com\/nlc\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gashler.com\/nlc\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gashler.com\/nlc\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gashler.com\/nlc\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=462"}],"version-history":[{"count":0,"href":"https:\/\/gashler.com\/nlc\/index.php?rest_route=\/wp\/v2\/posts\/462\/revisions"}],"wp:attachment":[{"href":"https:\/\/gashler.com\/nlc\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gashler.com\/nlc\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gashler.com\/nlc\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}