The 16th Amendment passed Congress on July 2, 1909, ratified on February 3, 1913. Article 1, section 9 of the Constitution was modified by the 16th Amendment. It goes as follows;
The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.
Basically it says that it is up to Congress to set the amount of taxes and collect them. How the money that is taxed is made does not matter. It will not be split up between the states and the census and amountvof people will have zero effect on how the tax system works.
That sentence holds a small bit of information about an extremely large issue. Tax Reform, how should it be done? As I stated above Congress has the power to set the tax levels. They are responsible for the revenue that keeps our country running. There is no mention of lobbyist or outside groups in the 16th Amendment. Nor is there a mention of outside groups helping to set the tax levels. I also didnt see any mention that Congress had the right to take an anti-tax pledge with a lobbyist. So Grover Norquist anti-tax pledge means nothing.
We have established that the Republican trickle down economy doesn’t work. In fact ot has horrible economic consequences, look at the state we were in 2008. We were hemorrhaging jobs, the housing market crashed, Stock market was trashed and banks were going belly up at an alarming rate. We can also agree that austerity doesn’t work. Look at Europe and look at how the Sequester slowed job growth. Obviously you cannot cut your way to prosperity.
If there are any millionaires out there who made their millions solely by cutting spending please speak up. What us needed is a balanced aporoach. Yes we should make cuts, but a least dollar for dollar with tax increases. Right now it us about 6 dollard spending cut to 1 dollar in tax increase. That will not get us where we need to be. Unfortunately Republicans will cut off their nose to spite their face. They cannot see logic because of their vile hatred for President Obama.
Apple recently was in the news for Tax Avoidance. That was $6-$9 billion in taxes that wasn’t collected. In 2010 GE did not pay a single dollar in taxes, I paid more that GE. How many more companies are doing this? How many billions of dollars in tax revenue are not collected because Republicans do not wantva fairer tax code? The extreme Republicans, Tea party members want to abolish the IRS and pay little or nothing in taxes. Our founding fathers knew taxes were essential, why don’t Republicans?
President Obama’s agenda is working. We are digging out of the recession despite Republican obstruction. The stock market and housing market are both recovering. Our debt ceiling crisis has been pushed back by several months by his measures. Imagine where we would be with Republican help. Unfortunately all they have to offer is vitriol.