The Tax Me More Act
We recently suggested that if Bill and Hillary Clinton are
eager to pay more taxes, they should write a personal check to the U.S. Treasury
to compensate for the lower tax rates they so frequently decry. And lo, here
comes legislation to make it easier for the former first lady and other
pseudo-populists to do just that.
California Republican John Campbell yesterday introduced in
the House his "Put Your Money Where Your Mouth Is Act," which would amend the
tax code to allow individuals to make voluntary donations to the federal
government above their normal tax liability. The bill would place a new line on
IRS tax forms to make this easy.
Mr. Campbell says he has heard the "cries" of those wealthy
Americans – Mrs. Clinton, Warren Buffett, Barbra Streisand – who reject the
lower tax rates passed in 2001 and 2003 and complain that they and their fellow
rich don't pay enough. "It's a great injustice that citizens wishing to fulfill
their dream of paying more taxes cannot simply check a box on their 1040 form to
make a donation," he says. His bill would give liberals a chance to salve their
consciences without having to raise taxes on millions of Americans who already
feel overtaxed as it is.
Still, don't expect many to take Mr. Campbell up on his offer.
The Treasury already accepts voluntary donations to decrease the nation's debt;
last year it received all of $2.6 million.
Apparently even most liberals would rather keep their money,
or bequeath their estates to charity rather than to the IRS.
Friday, April 11, 2008
This is from today's WSJ, but slightly too big for a bumper sticker.
Posted by Peter Gordon at 4/11/2008 01:34:00 PM