Monday, September 04, 2006

Schweitzer's Closing Corporate Tax Loopholes

Once again, I am going on the 'cheerleader' offensive to show what a great governor we have. According to the article from the Helena IR, the administration has been working to get tax loopholes closed and give the state revenue department the tools it needs to collect on deliquent taxes.

"There continue to be issues about the failure of out-of-state companies and nonresidents paying the right amount of taxes on certain types of incomes," he said. "We think if Montanans pay taxes on this income, so should these nonresidents and out-of-state companies."

Bucks pointed out that Montanans are far more likely to correctly pay their taxes on time. The delinquent tax list is more often full of out-of-state people and corporations. The agency wants more legal tools to collect these kinds of debts.

So, what it the big deal here? Everyone is against corporate loopholes, right? I mean, when corporations and out of staters don't pay their taxes, it puts more of a burden on the working guy and ultimately raises our taxes. So, everyone would want to shut down the pesky loophooles, right? Well, hold on just a second now.

Our very illustrious Conrad Burns has voted against closing corporate loopholes on more than one occasion. He voted no on S Amdt 3071 to S Con Res 83 which added 3.9 billion for education and training services, while raising federal revenue by $180,000, all by closing tax loopholes for corporations. It passed 49-51 despite Mr Burns vote in favor of corporations.

Let's be thankful we have Schweitzer in Helena and do the right think and send Jon Tester and Monica Lindeen to Washington in November.


granny said...

I love that you do this kind of work!

granny said...
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craig said...

Two words: flat tax.

Shane C. Mason said...

Yep. I may be moving away from the party line when I say this, but yes. N% on all money over $20,000 per year. That counts for coroporations, married couples and singles all the same. All money that comes into your hands over $20,000 peryear get N%. Stock, realestate sales etc, 10%.

Mark T said...

When you combine payroll and income tax, we already have something akin to a flat tax. You thought it would be something less than 24%?