NetRight Daily: The IRS Has Some Explaining To Do

The IRS May Have Some Explaining to Do - Headlines screamed all over the internet two weeks ago that the Internal Revenue Service (IRS) is investigating Marco Rubio, the GOP frontrunner for the U.S. Senate. Mysteriously, these damaging headlines appeared just after Republican Florida Governor Charlie Crist was rumored to be dropping out of the primary, and mulling whether to run for the seat as an Independent — the one hope that Democrats have of retaining the seat.

Six Reasons Why the Capital Gains Tax Should Be Abolished - The correct capital gains tax rate is zero because there should be no double taxation of income that is saved and invested. This is why all pro-growth tax reform plans, such as the flat tax and national sales tax, eliminate the capital gains tax. Unfortunately, the President wants to boost the official capital gains tax rate to 20 percent, and that is in addition to the higher tax rate on capital gains included in the government-run healthcare legislation.

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Big Brother Is Watching You - One of the lessons of this session of Congress is that details matter. Last week, as the Senate began presenting its legislation to take over the financial sector, it became clear that the takeover was even more far-reaching that originally thought. That the private sector itself is now threatened by an endless regime of new bank taxes, limitless government takeovers and bailouts, all without any Congressional approval nor any judicial remedy

Quote of the Day/Century - The champions of socialism call themselves progressives, but they recommend a system which is characterized by rigid observance of routine and by a resistance to every kind of improvement. They call themselves liberals, but they are intent upon abolishing liberty. They call themselves democrats, but they yearn for dictatorship...

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