Friday, April 11, 2008
Posted by: John Campbell at 2:44 PM

The other day I blogged about my “Put Your Money Where Your Mouth Is” Act.  I received an overwhelming response from groups like Citizens against Government Waste, Americans for Prosperity, the National Taxpayer’s Union, and Americans for Tax Reform. 

This morning the “Put Your Money Where Your Mouth is Act” was featured in the Wall Street Journal.  For your reading pleasure I’ve included the text below:

Put Your Money Where Your Mouth Is

The Tax Me More Act
April 11, 2008
Wall Street Journal, Page A16

We recently suggested that if Bill and Hillary Clinton are eager to pay more taxes, they should write a personal check to the U.S. Treasury to compensate for the lower tax rates they so frequently decry. And lo, here comes legislation to make it easier for the former first lady and other pseudo-populists to do just that.

California Republican John Campbell yesterday introduced in the House his "Put Your Money Where Your Mouth Is Act," which would amend the tax code to allow individuals to make voluntary donations to the federal government above their normal tax liability. The bill would place a new line on IRS tax forms to make this easy.

Mr. Campbell says he has heard the "cries" of those wealthy Americans – Mrs. Clinton, Warren Buffett, Barbra Streisand – who reject the lower tax rates passed in 2001 and 2003 and complain that they and their fellow rich don't pay enough. "It's a great injustice that citizens wishing to fulfill their dream of paying more taxes cannot simply check a box on their 1040 form to make a donation," he says. His bill would give liberals a chance to salve their consciences without having to raise taxes on millions of Americans who already feel overtaxed as it is.

Still, don't expect many to take Mr. Campbell up on his offer. The Treasury already accepts voluntary donations to decrease the nation's debt; last year it received all of $2.6 million. Apparently even most liberals would rather keep their money, or bequeath their estates to charity rather than to the IRS.



View in ascending order View in descending order
Trackback URL for this entry:

Listed below are links to weblogs that reference 'WSJ: The Tax Me More Act'

About John Campbell

John Campbell is a member of the House Financial Services Committee, and has taken a leadership role in addressing the country's top economic issues. Campbell serves as a member of the Joint Economic Committee, and House Committee on the Budget. He has a Bachelor's Degree in Economics from UCLA and a Master's Degree in Taxation from USC.

Create You Own Blog on Townhall.com - IT'S EASY Search User Blogs on Townhall.com :: Where Your Opinion Counts
Young America
Young America's Foundation
Panel Discussion: Remembering Reagan
Listen Now Listen Now
Click to download Podcast Podcast