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Welcome to Call to Decision
Subject: How big is the invisible part of your tax bill?
You've paid your federal taxes.
You keep watching the national debt soar.
Do you think those two items cover the full cost of
the federal government?
Do you think you're done paying?
Not even close.
There are also invisible costs that impact
you, your family, your neighbors, and your community. These costs
afflict . . .
*the
teenager who can't find a summer job because of the federal minimum wage
law
* the
financially-struggling mom who can't find toys for her kids at the local
thrift store because of the CPSIA
* small businesses that fail because they can't afford to comply with
regulations designed for big businesses
* the local store that closes because of an honest tax-filing mistake
* the budget-strapped state government that's forced to cut services to
comply with unfunded federal mandates
These are just a few examples. Regulations raise your
prices and reduce your choices. They could also cost you your job.
If you include the "regulation tax"
of compliance expenses and lost income, the total cost of the federal
government increases by 34%.
And there's a grave threat ahead. As Clyde Wayne
Crews reports in "Ten
Thousand Commandments" . . .
* trillion-dollar deficits will make Congress
reluctant to create more tax-and-spend programs
* yet they will want to keep their power and influence
* which means they will likely impose more requirements and regulations
on states, business, and even YOU
Think of what they did in the healthcare bill. Not
having the guts to raise taxes the old-fashioned way, Congress instead
forced you to buy insurance, businesses to provide insurance, and states
to create insurance exchanges. Expect more of this behavior. Instead of
creating new programs, Congress and the bureaucrats will impose their
social goals through mandates and regulations.
Let's
reverse this destructive course! Tell Congress to reduce federal
regulations.
You may borrow from or copy this letter . . .
The Competitive Enterprise Institute (CEI) reports
that federal regulations sucked $1.187 trillion from the economy in
2009. http://cei.org/issue-analysis/2010/04/15/ten-thousand-commandments-2010
That's a $10,000 tax on each family. In fact, it's
more than what families and corporations will pay in income taxes this
year!
$1.187 trillion could also create more
than 23 million jobs paying $50,000 a year -- more than enough to
eliminate unemployment http://www.bls.gov/news.release/empsit.nr0.htm
Cutting regulations would have done far more to
create jobs than any of the so-called stimulus spending Congress
passed.
But it seems that even the current level of
regulation isn't enough for our ruling class. From "food
safety" to "financial reform," to never-ending
proposals for every other aspect of human life, Congress and the
bureaucracy seem determined to entangle everything in red tape. But .
. .
This will force many businesses to close, and
others to move overseas. Americans will lose jobs, and the harm
created by unemployment and poverty is almost always greater than the
supposed benefits of regulation.
I demand that you reverse this course. Don't
increase regulations, CUT THEM! Here are places to start . . .
1. Tax-related paperwork costs $208 billion,
although corporate income taxes raised just $147 billion - a paltry
percentage of the budget. Eliminate business taxes to make American
firms more competitive. This will attract companies from all over the
world.
2. Workplace regulations cost $113 billion, but
Congress has no Constitutional authority to regulate employer-employee
relationships. Follow the Tenth Amendment and abolish ALL federal
regulations of INTRA-state activity.
3. Don't give in to panic and hysteria. Require a
thorough cost-benefit analysis of all economic and environmental
regulations. You will find that most regulations are unnecessary
because there are already civil and criminal penalties for negligence
and fraud.
Cut the invisible $10,000 regulation tax. Unleash
the economy and let it come roaring back.
END LETTER
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James Wilson
Assistant Communications Director
DownsizeDC.org
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