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Posted: 1:00 a.m. Thursday, Oct. 20, 2005
By Neal Boortz
| Today's Nuze: October 20, 2005 | ||
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| Thursday -- October 20, 2005 We're three months into touring the country to sign copies of The FairTax Book and the crowds are still out there. Last night in Oklahoma City we have over 400 people at the Barnes & Noble Book Store, and this was after the staff at B&N told us that they usually try to avoid Wednesdays for book events because here in Middle America Wednesdays, as everybody knows, is Church night. This afternoon we'll be in Tulsa, Oklahoma for a News Talk 740 KRMG Meeting of the Mouths at the Mabee Center with a book signing to follow. Click on the site to find out how you can still get some tickets!
The more I read about the president's so-called tax reform panel the worse it gets. Essentially, the panel has done exactly what critics said the panel would do ... propose tax increases for the evil achievers. You already know that the panel wants to cut into the home mortgage interest deduction while leaving the income tax in place. But ... did you know that the panel has recommended eliminating ALL interest deductions on all home equity loans and loans for second homes? This is a repeat of what we saw in 1986. Almost 20 years ago the congress eliminate a huge cache of tax deductions and established two flat rates, 15 and 25%. The tax code has now been modified and amended about 10,000 times since then, leaving us with the monster we now have. This "reform" plan is essentially the same. Eliminate more deductions, raise taxes on businesses and the repugnant rich, create some "refundable" tax credits, and set some flat rates. It leaves the income tax in place and the K Street lobbyists inside the beltway licking their chops. As soon as the panel's suggestions become law they would go right to work trying to carve out specific tax breaks for their high-paying clients. Right behind the lobbyists you'll find the Democrats renewing their efforts to shift the entire tax burden onto America's high-achievers with bill after bill and amendment after amendment, all in the name of reform. Reform? This is not reform. This is, pardon the cliche, just rearranging the deck chairs on the Titanic. The IRS? Still there. Social Security and Medicare taxes? Still there. Business taxes will still be there and they will still be passed on to the consumer through the pricing structure.
Here's one thing I do expect from the Times review. They will change the terms of H.R.25, the FairTax Act, and then critique the plan as they wrote it, not as it is actually written. This has been the favorite techniques of those who want to keep our present tax system, and my guess is that the Times will follow suit. To amplify my prediction -- the Times will create exemptions to the consumption tax -- and then write that the actual sales tax rate would have to be much higher. They will ignore, for the most part, the monthly "prebate" under the FairTax Act. Maybe it's just me, but wouldn't it be more fair to review and critique the FairTax Act as it is written, instead of rewriting the bill and then critiquing your rewrite? I've been telling you on the air, and Congressman Linder and I told you in the book that the lobbyists were going to react with full force once they saw the FairTax as a threat to their livings. Now there's a prediction that has more than come true. Listen today for more details on lobbyist tactics to kill meaningful tax reform. Hurricane Wilma continues to bear down on my second home of Naples, Florida. I have now turned my condo over to the some media-types as their base of operations covering the storm. Wonder who will do the most damage, Wilma or the media. Oh well, Boortz takes one for the cause. An evacuation of Naples should be interesting. If there was ever a time for Naples' wizened citizens to learn the concept of "slower traffic keep right," now is that time. The roads out of Collier County, Florida will be home later this week to about 99% of all operable Buicks in the United States ..... with every damned one of them going slow in the left lane. Wilma will also give Florida Governor Jeb Bush the opportunity to grandstand on the issue of price gouging. He will put political sense ahead of economic common sense and start strutting his "let's get the price gougers" stuff. The result? Scarcity. Count on it.
Excuse me, Mr. Chertoff, but I'm going to suggest a response for you the next time you encounter the cutest little jihadist in Congress.
Do the people in McKinney's district in Georgia know that she's a laughing stock ... an they're virtually unrepresented when it comes to real issues?
REDNECK SCRAP BOOK After a hurricane, make sure you collect everything you will need to survive. More in the Redneck Scrap Book. READING ASSIGNMENTS Cindy Sheehan is upset at Hillary Clinton over her continued support of the war in Iraq. The Crawford Crackpot is comparing The Hildabeast to....get this...Rush Limbaugh! That's gotta be a first. The Harriet Miers' nomination is not going well, and Ann Coulter couldn't be more happy. In fact, she wants to know who the second choice was....and says a special commission should be set up to find out. Sandy 'Pants' Berger has joined onto the ABC show 'Commander In Chief' as an adviser. Perhaps in a future episode a former national security adviser steals top-secret documents in his pants. Have to be sure to tell the story right. The media is now convinced the Valerie Plame case is just like Watergate. The Media Research Center reports Lesley Stahl sure thinks so. Harriet Miers' fate as a nominee for the Supreme Court lies with the Democrats, reports Robert Novak. Will they probe her background as the chairman of the Texas Lottery Commission, or will they let it slide? Larry Elder confronts a Bush-hater who called the president an idiot, and lets him have it. While he was having dinner, no less. No wonder a recent poll says nearly 70 percent of Americans consider people rude. We constantly hear over and over again about the Sunnis in Iraq, and how they don't agree with this or that proposal. David Frum says it's time to stop coddling the Sunnis. Harriet Miers ran for the Dallas City Council in 1989 and filled out a now-famous questionnaire for an anti-abortion group. Terry Eastland says Miers' views on abortion are more clear-cut than people realize. Saddam Hussein's trial looks like it is going to take awhile, and Amir Taheri thinks that's a good thing. In fact, he says the entire Arab world needs to watch the trial. Joan Rivers got called a racist by a commentator on a radio show and she wasn't having it. Rivers exploded and called the man an SOB. You can hear it here. [mp3] | ||
WHAT THE HECK ARE THOSE POINTY HAND THINGS? BOORTZ BLAST NEWSLETTER
NEAL'S FANS GET TOGETHER
Belinda Skelton, Ken Rogers, Laura Nunemaker and Brian Ganey assist in the daily preparation of Nealz Nuze! |
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