ACTION

I CAUGHT SENATOR HATCH, RANKING MEMBER OF THE SENATE FINANCE COMMITTEE ON CNN THIS MORNING, GIVING AN OUTLINE IF THE TAX ITEMS NEEDING IMMEDEIATE ACTION, THOSE ITEMS WHICH I HAVE FOUND MANY TEA PARTY MEMBERS INTERESTED IS THE EXTENSION OF THE TAX CUTS DUE TO EXPIRE IN DEC. , THE REPEAL OF THE AMT IDIOT TAX WHICH CATCHES MORE PEOPLE EVERY YEAR AND WHICH IS DUE FOR ITS ANNUAL 1 YEAR EXTENSION. THE AMT PUT IN EFFECT IN 1969 WAS DESIGNED TO PREVENT THE MORE AFFLUENT CITIZENS FROM TAKING ADVANTAGE OF SOME OF THE ANOMOLIES IN THE TAX CODE BUT PROVED TO BE ABSOLUTLY USELESS IN IT PURPOSE AND HAS COLLECTED MANY MIDDLE CLASS TAXPAYERS UP IN ITS TENTACLES, YET FOR THE PAST 3 YEARS THE ALL SEEING CONGRESS HAS PROVIDED SOME RELIEF FOR MIDDLE CLASS TAXPAYERS BY APPLYING A TEMPORARY "PATCH'' WHICH LIMITS THE AMOUNT OF ADDITIONAL TAX THAT CAN BE CREATED. SENATOR HATCH STATES GET RID OF THE ANNUAL NONSENSE BY REPEALING THE DAMN THING.

I REMINDED THE SENATOR THAT THE 2 THINGS WHICH SHOULD ALSO BE ON HIS LIST OF TAX REFORM ITEMS IS THE RELIEF OF LOW/MIDDLE INCOME TAXPAYERS  FROM HAVING THEIR SOCIAL SECURITY BENIFITS TAXED WHICH IS VERY SIMPLY PUT A REDUCTION IN BENIFITS IN AMOUNTS OF AN AVERAGE OF 50% OF THE TAX LAIBILITY OF THOSE CAUGHT UP IN THIS POLITICAL SHELL GAME.

I ALSO REMINDED THE SENATOR THAT THE SOCIAL SECURITY PROGRAM IS IN DIRE NEED OF PROPER FUNDNG WHICH COULD VERY SIMPLY BE ACCOMPLISHED BY REMOVING THE INCOME CAP ON THE SS PAYROLL TAX AND BY MAKING ALL TYPES OF REMUNERATION INCLUDING STOCK OPTIONS AND PERKS FOR SERVICES RENDERED SUBJECT THE 6.2% SS TAX.