I take issue with the following from Watch for Hidden Taxes (The Boston Globe):
Under the circumstances, actions that impose sizable hidden taxes on American citizens should be put on hold, or at least exposed to much more careful evaluation to be sure their merits outweigh their costs and burdens on our struggling economy.
It doesn't surprise me that Dudley and Rosen were former members of White House budgetary staff. My comment is simple: Americans are already under far too much regulatory and tax burden. We should be subject to no more. Ever.
We revolted against King George III over a 3% tax in the 1700s (yes, it was far more complicated, but many argue that that was the straw that broke the camel's back). Serfs to the monarchy and feudal ruling class were subject to what we view to be abhorrent taxes up to 25% of their income. Those paying income taxes in the US (remember, there is a whole class of citizenry who doesn't pay income taxes - and I am not speaking of the IRS defined poor) can pay upwards of 52% of their income in taxes (that does not include sales, property and any local taxes).
Those who pay, pay too much and we need to stop making excuses as to why more is not necessarily bad. It is bad and it ought to stop.
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