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The IRS Has Gone Rogue

UNSbobblehead Wrote: Oct 07, 2012 2:04 PM
“Cheap” foreign oil comes with huge hidden costs that American leaders and the public need to keep in mind when thinking about U.S. foreign policy. According to one estimate, gasoline would cost U.S. consumers $5 more per gallon if federal spending for the defense of Persian Gulf oil were incorporated into gas prices. The U.S. military subsidy for oil means lower prices at the gas pump, but consumers ultimately a pay a steep price for that fake discount (and more) in the form of higher taxes and inflationary deficit financing to help fund a large U.S. military presence abroad. The king’s ransom that the United States spends to defend Persian Gulf oil is more than ten times the value of its annual imports from the Gulf.

by Michael F. Cannon and Jonathan H. Adler

A president who says “I haven’t raised taxes” has authorized his Internal Revenue Service issue a “final rule” that will illegally tax some 12 million individuals, plus large employers, in as many as 40 states beginning in 2014. Oklahoma’s attorney general has asked a federal court to block this rule. Members of Congress have introduced legislation in both the House and the Senate to quash it.

At first glance, it might not seem that the IRS is up to anything...

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