from the Washington Free Beacon:
Feds to Repeal 298 Tax Regulations
Treasury seeking to eliminate outdated regs dating back to 1941
The Treasury Department plans to eliminate nearly 300 outdated tax regulations, getting tax rules off the books that in some cases have not applied since the 1940s.
The department announced its proposal to eliminate unnecessary tax regulations this week, in compliance with two executive orders signed by President Donald Trump last year to reduce regulatory burdens and simplify the tax code.
by: Brent Smith at the Common Constitutionalist
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This upsets me, but if we are to remain true to conservative ideals, we must be prepared to call those who appear to have abandoned them.
In early July, 2011, U.S. Representative for Florida’s 14th congressional district, Cornelius Harvey McGillicuddy (cool name), better known as Connie Mack IV, introduced a government spending plan called the Mack Penny Plan.
Mack served in Congress from 2004-2013.
More precisely, Mack Penny was a plan to cut government spending. Unlike virtually all things in government, his plan was quite simple. For every dollar of proposed spending, the plan would take away one penny of spending. So instead of the government spending that dollar, they would receive 99 cents to spend. See – simple.
In August of that year, FreedomWorks wrote that, “The Penny Plan would require Congress to cut just one penny out of each dollar it spends every year for six years. These gradual cuts over the next six years will balance the federal budget.”
If it were enacted it would have, “capped Overall Spending at 18 Percent of Gross Domestic Product (GDP) Starting in Fiscal Year 2018, Reduce Overall Federal Spending by $7.5 trillion over the Next Ten Years, Would Balance the Federal Budget by 2019 and End Washington’s Unprecedented Spending Spree.”
by: Brent Smith at The Common Constitutionalist
Warehouse building owner discovers the hard way that he really can’t do what he wants with his own building.
What would happen if your young child drew all over his or her bedroom walls? Of course as a doting parent, you would say it was art. I mean – what’s a coat of paint. It’s not worth getting upset about. The child is too young to understand anyway. So instead you say: “You did such a great job I think we’ll just leave it be.” And accept it you do, at least for a while, as the work of art it was intended. You even have him or her sign it, or make some sort of identifying mark to make their own.
Now years go by and your son or daughter is grown up and moves out. You then decide to rid the room of the once great work of art. But wait…not so fast. Instead of the shoulder shrug response you would expect from the lad or lass, he or she protests, and doesn’t want you to defile the masterpiece. What then?
You pull out the old, “This is my house” card and paint over it. A month or so goes by and you receive a letter from an attorney. It seems your child is suing you for damages under 17 U.S. Code § 106A – Rights of certain authors to attribution and integrity.
A 1936 Bugatti Type 57 SC Atlantic was last night awarded the Peninsula Classics Best of the Best Award in Paris. Fast becoming regarded as the defacto world championship for concours cars, the Best of the Best Award pits the winning cars from each of the eight most important concours events around the world each year, and has them judged by a panel of experts, creating an annual champion of champions. This year it was predictably the Bugatti Type 57 SC Atlantic, one of the world’s most valuable cars.
from Conservative Review:
Pain at the pump! GOP considers gas tax increase
On Monday morning, President Trump took to Twitter to announce a “big week for Infrastructure” (again) as the administration is set to roll out a $1.5 trillion plan to invest in American infrastructure. The administration claims that by relying on state and local governments, and with reductions in the federal budget, the cost to the federal government will be just $200 billion.