Obama want to use executive powers to raise taxes.....didn't King George III do this? How did that work out for him?

2seaoat wrote:Closing corporate loopholes which allows executive actions by law is a good thing.   100 billion recaptured is a good thing.

2seaoat wrote:Pace I hope you keep reading and learning in your graduate classes.  You are quite capable, but without the requisite knowledge of how government works you stumble to absurd conclusions.

Let me just give you and example of how legislation and executive powers work hand in hand.   The legislation was passed that a home office was an allowable deduction for a tax payer.   The mortgage deduction similarly.  The IRS has a codification of rulings which are called revenue rulings.   This is where executive actions are taken by the IRS to set rulings on how the home office deduction can be taken.    If a taxpayer disagrees with an audit by the IRS on a substantive issue of the home office deduction and believes the revenue ruling is inconsistent with the bill passed by congress they can exhaust their administrative remedies, and if ruled against by the IRS administrative hearings, seek relief in the courts.  If the courts back up the executive powers of the IRS, then the taxpayer pays in accordance with the revenue rulings, or congress can pass a new bill which is specific in regard to the home office deduction which when passed in congress and signed by the president would become law and the IRS would have to follow the new law.

The President can use those executive powers under the various executive branch departments to change those regulations which could close loopholes and increase collection of taxes.   The law could not change even if congress passes a new bill allowing loop holes for corporations until the President signs the bill.   Bernie Sanders is correct.   The President has these powers and they have ALWAYS been used by executive branch departments.  So if the Department of Agriculture said to farmer A to get your subsidy for putting tracts of land into conservation, now requires 1000 acres instead of 50, or vice versa............the subsidy stops until the courts or congress and the President over turn the same.....

2seaoat wrote:Closing corporate loopholes which allows executive actions by law is a good thing.   100 billion recaptured is a good thing.

2seaoat wrote:All taxation bills start in the HOR, not the WH. Read the Constitution.


Nope....you really need to read.   Do you think congress passes a bill which says how many pencils can be deducted, or do you understand the executive branch's responsibility in implementing rules concerning the laws passed.   You have huge voids in your knowledge.   Start here:
http://en.wikipedia.org/wiki/Revenue_ruling

Markle wrote:

2seaoat wrote:Closing corporate loopholes which allows executive actions by law is a good thing.   100 billion recaptured is a good thing.

Who pays corporate taxes?

KarlRove wrote:

2seaoat wrote:All taxation bills start in the HOR, not the WH. Read the Constitution.


Nope....you really need to read.   Do you think congress passes a bill which says how many pencils can be deducted, or do you understand the executive branch's responsibility in implementing rules concerning the laws passed.   You have huge voids in your knowledge.   Start here:
http://en.wikipedia.org/wiki/Revenue_ruling

You have huge voids in your sanity.

Markle wrote:

2seaoat wrote:Closing corporate loopholes which allows executive actions by law is a good thing.   100 billion recaptured is a good thing.

Who pays corporate taxes?