As our colleague Walter Korschek
wrote in his recent blog post, “When Does Taxation Turn Into Oppression?”
the average American family will spend 29 percent of its income on taxes, which is more than what they will spend on clothing, food and housing combined. He also wrote about Tax Freedom Day, which celebrates when Americans stop working for the government.
This year, Tax Freedom Day falls on Apr. 17, which is four days later than when President Barack Obama entered office in 2009. For more than 100 days, Americans work to pay taxes (Connecticut works the longest until May 5).
Texas Congressman and 2012 Republican presidential candidate Ron Paul, who is holding town hall meetings in Rhode Island, New York and Pennsylvania this week, issued a statement
Tuesday. The three-time presidential candidate discussed what Tax Freedom Day means to him and his “Plan to Restore America.”
“Knowing that every penny the average American has earned from January 1st until today has gone to pay federal, state, or local taxes is a frightening reminder of how much liberty modern Americans have lost,” stated Paul, who is still continuing on with his campaign to gather as many delegates as he can ahead of August’s Republican National Convention in Tampa.
“Unfortunately, even after Tax Freedom Day, Americans will still suffer from the Federal Reserve’s regressive and hidden inflation tax, which erodes their purchasing power for the benefit of big banks and big-spending politicians.”
In his plan
, Paul would cut $1 trillion in his first year from the federal budget, lower the corporate tax rate to 15 percent, abolish the Death Tax and end taxes on personal savings. Also during his administration, he would work at auditing the Federal Reserve and legalize competing currencies.
His primary goal, though, is to repeal the 16th Amendment
, which permits the Congress to impose an income tax, and “end the tyranny of the IRS once and for all.”
“Of the four men seeking the presidential nomination of one of the major parties – President Obama, Governor Romney, Speaker Gingrich, and myself – I am the only one who has consistently opposed increases in taxes and spending,” concluded the bestselling author.
“I am also the only one who has consistently fought the Federal Reserve’s assault on the middle class’ standard of living. My campaign to Restore America Now is the clear choice for any American concerned about rolling back taxes, cutting spending, and curbing inflation.”
Dr. Paul made news last week when it was announced that his supporters swept three district conventions in Minnesota and won nine of nine delegates. His supporters also secured 12 delegates in Colorado and 13 alternate delegates.
“Ron Paul’s victories today declare his delegate-attainment strategy to be a success and they demonstrate that the media and Washington pundits are undercounting his delegates to the Republican National Convention in Tampa,” said John Tate, Ron Paul 2012 National Campaign Manager, in a press release
The three remaining GOP candidates will battle it out on Apr. 24 when five states hold their respective primaries: Connecticut, Delaware, New York, Pennsylvania and Rhode Island. A total of 231 delegates will be at stake.