Wednesday, September 21

President Clinton: Put your Tax Refund where your Mouth is!

In case you have not noticed, there is a project sweeping over the (Conservative half of the) Blogospere called ‘PorkBusters.

The idea is that Bloggers will identify ‘pork’ in their state and contact their congressional representatives in the hopes that they will give up the money for the good of the Katrina effort and the country in general.

So far the most notable results, other than huge support from Bloggers who have identified billions in pork, has been a positive statement from California Representative Nancy Pelosi who is apparently willing to give up millions in funding from the Transportation Bill.

Then there is the reaction from Alaska Congressman Don Young who has a message for anyone who thinks that Alaska should give back the federal funds he won to build two bridges that even locals admit are pretty useless. "They can kiss my ear," and as far as cutting pork from the federal budget:

"That is the dumbest thing I've ever heard."

I’m glad that your not my congressman.

However, I think this program is missing part of the solution. Enter President Clinton:

"I think it's very important that Americans understand... tax cuts are always popular, but about half of these tax cuts since 2001 have gone to people in my income group, the top 1 percent. I've gotten four tax cuts. They're responsible for this big structural deficit, and they're not going away, the deficits aren't." - President Bill Clinton

This comment by President Clinton is such a load of bull. Everyone knows that the super-rich (Top 1%) hide much of their money from the taxman, much of it out either outside of the country or hidden as foreign entities where they are the ultimate beneficial owner. If this top 1% stopped hiding their income and paid taxes on it, then I bet there would not be such a structural deficit. Who might be hiding their income? Try Hollywood stars and Pro sports stars.

Now lets give President Clinton the benefit of the doubt. From his statement, you appears eager to give up his tax cut. Well I have good news for the former President, he can donate the money back to the Government.

From the Bureau of the Public Debt: - FAQ Pages

How do you make a contribution to reduce the debt?

Please follow these important steps to make a contribution to reduce the debt. Make check payable to the Bureau of the Public Debt. In the memo section of the check, notate Gift to reduce Debt Held by the Public. Mail check to -

PO BOX 2188
PARKERSBURG, WV 26106-2188

In the 2005 Fiscal year people donated $792,000 back to the Government. I think 'we' can do much better. We just need to get the word out to the unhappy rich who don’t know what to do with their refund checks.

Gift Contributions to Reduce Debt Held by the Public - Donations by year.

Porkusters Reference
Porkbusters’ Public Grilling 2005: California Has Plenty of Fat To Cut - California Conservative
The Truth Laid Bare - PorkBusters
About Porkbusters - Instapundit - Heritage Foundation

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