"The people are responsible for the character of their Congress. If that body be ignorant, reckless and corrupt, it is because the people tolerate ignorance, recklessness and corruption.” - James Garfield
Extenders For The Millionaire's Club
Wall Street Journal columnist and former presidential
speechwriter Peggy Noonan writes in the June issue of Readers Digest that, “Someday
history will write of our era, and the biggest scandal will be the thing we
accepted in our leaders; chronic and endemic selfishness. History will be hard
on us for that.”
Nowhere is this chronic selfishness more pervasive than in
our legislative processes on Capitol Hill. Peter Schweizer writes in his groundbreaking
book Extortion that:
"Politics in modern America has become a lucrative
business, an industry that has less to do with policy and more to do with
accessing money and favors. Bills and regulations are often introduced, not to
affect policy change, but as vehicles for shaking down people for money and
And what’s the favorite vehicle for shaking people down? Why
the income tax code of course; all 73,954 pages specially written by
Washington’s finest lobbyists, many of whom previously served as staffers on
Don Corleone said in the movie, The Godfather, “Make me an offer
I can’t refuse”. Today’s legislative equivalent of Corleone’s veiled threat has
become tax extenders.
Unlike permanent legislation, tax extenders must be
renewed every few years or new taxes go into effect, or the taxes that were
temporarily halted under the extender are reinstated.
And make no mistake; the process of renewing tax extenders
is all about filling Member’s campaign coffers. And who fills those coffers? Businesses
and individuals affected by or who have an interest in the tax law (extender)
up for renewal.
Schweizer provided a sickening example of how the Chairman
of the Committee on Ways and Means raised hundreds of thousands of dollars for his
campaign coffers during the 2012 election cycle while overseeing that year’s
tax extenders that were up for renewal.
This is the same Committee that has yet to act on the
According to Schweizer, after announcing hearings on the
extenders up for renewal, “ten nervous senior executives at General Electric
made donations to Camp on March 19 totaling $16,000. Those executives had an enormous amount of
money at stake in the tax extenders drama. They had become masters of sorts over the years in turning profits but
largely avoiding taxes, thanks to a favorable and complicated tax code.”
He went on. “But
Camp’s most lucrative play was targeting corporate PACs. From the beginning of March to the date of
the hearings to vet which extenders might stay and which might go, he collected
120 checks totaling $230,000 from corporate or trade association PACs, the vast
majority of which had money at stake in the tax extender debate.
The money came from the National Federation of Independent
Business, the National Association of Home Builders, Walmart, General Motors,
General Electric, Associated Builders and Contractors, Johnson and Johnson and
Very neat, very tidy and it’s all legal.
After all, Congress wrote the laws.
In 2013, this same Committee announced with great fanfare the
initiation of a bi-partisan plan for fundamental tax reform. Public comment was
requested, a multi-city roadshow was orchestrated and public hearings were
In early 2014, the D.C. media all but announced that
fundamental tax reform would not see the light of day in 2014. The Committee then
began to focus on…. You guessed it…. Tax extenders. In 2014, there are 55 tax
extenders up for renewal, and surprise, surprise, 2014 is an election year.
Is it any wonder that Congress is the new millionaires
Our Founding Fathers never envisioned a Congress where, in
order to affect the legislative process, businesses and individual citizens have
to operate like game pieces on a Monopoly board or risk being punished by the
totalitarian enforcement arm of the IRS and other government agencies.
Agencies now literally weaponized with assault
rifles and sub-machine
guns. As former Microsoft chief operating officer Robert Herbold told
Schweizer, “You’re crazy if you don’t play along. They will go after you.”
Our nation deserves a tax code focused on her people and her
nation - not one that is punitive and frightening, and fills the campaign
coffers of the new millionaires club.
If you agree and have not read Peter Schweizer’s book, Extortion,
please pick up this blockbuster expose. We have made it easy.
Simply click here
and donate $35 or more, forward your emailed donation confirmation and your
preferred mailing address to firstname.lastname@example.org, and we will send you a hardback
copy of Extortion. It’s that simple.
We need your support and your need to read this book.
Don’t delay. Schweizer will give you astonishing insight
into the battle the FairTax campaign faces every single day. FairTax supporters
are the most educated tax activists in the country. But no tax education is complete without understanding
how Washington’s corrupt legislative system really works.
Send your donation today and we will send you the book.
Until next week,