Grover Norquist, president of Americans for Tax Reform, is quoted in the Washington Post on Sunday March 13, 2011 stating:
"...every dollar of tax increase is a dollar you didn't get in spending restraint..."
Bingo! The goal to help the economy is, indeed, to reduce the size of government spending as a percentage of GDP. Although the U.S. government's spending is much less than many other countries as a percentage of GDP (over the past nearly 100 years - almost - we have never reached a level of 50%+ as many other countries have), it is higher today than in the recent past and headed in the wrong direction. (See my other blog entries by searching on GDP)
Many pundits claim that tax increases are inevitable but voters need to continue to make their voices heard that Mr. Norquist is correct.
An Introduction
Hi. Welcome to BourGroup and my blog. Phil
Phil Bour is a CERTIFIED FINANCIAL PLANNER(tm) professional since 2004, a Magna Cum Laude college graduate and an accounting professional for over 35+ years. I love numbers, statistics and economic history.
I am also an Enrolled Agent (EA) to represent taxpayers before the Internal Revenue Service and to prepare tax returns.
"Phil"osophy: I believe that you can manage your money on your own (not necessarily through individual stock selection but through mutual funds, ETF's and other solutions) once you receive some one-time, professional guidance. Why pay annual fees when there may be little added value? For additional information, first read the "An Introduction" label at the left. Then move on to others.
Phil Bour is a CERTIFIED FINANCIAL PLANNER(tm) professional since 2004, a Magna Cum Laude college graduate and an accounting professional for over 35+ years. I love numbers, statistics and economic history.
I am also an Enrolled Agent (EA) to represent taxpayers before the Internal Revenue Service and to prepare tax returns.
"Phil"osophy: I believe that you can manage your money on your own (not necessarily through individual stock selection but through mutual funds, ETF's and other solutions) once you receive some one-time, professional guidance. Why pay annual fees when there may be little added value? For additional information, first read the "An Introduction" label at the left. Then move on to others.