Your business money management future hangs in the balance. There are few political events in our lifetime that have the potential for greater impact on the U.S. economy and your business economy than the upcoming elections.

When the election dust settles on November 2nd, two scenarios are possible:

Scenario A: Our leaders in Washington are emboldened by the election results and eager to raise taxes on businesses, spend even more on economic stimulus, housing market bailouts and other government mandated programs,

Or …

Scenario B: They are thrown out of office or further chastened by voters who are fed up with the recent explosion in government deficits and debts.

In just 37 days from today, you will have the opportunity to impact which of these scenarios will actually occur,, and what the impact will be on the financial future of your business, and all the other businesses across America that shoulder the burden of funding our U.S. economy.

Please vote responsibly; your

business money management

future is at stake.

[Video] Money Management Solutions for U.S. Congress – 545 people – an article by Charley Reese presented in video format by Money Management Solutions, Inc. (more…)

This excerpted article, by Charley Reese, former columnist of the Orlando Sentinel Newspaper, does give a dramatically different money management perspective than the one we hear from our government in Washington D.C.

“Politicians are the only people in the world who create problems and then campaign against them.

Have you ever wondered, if both the Democrats and the Republicans are against deficits, WHY do we have deficits?

Have you ever wondered, if all the politicians are against inflation and high taxes, WHY do we have inflation and high taxes?

You and I don’t propose a federal budget. The President does.

You and I don’t have the Constitutional authority to vote on appropriations. The House of Representatives does.

You and I don’t write the tax code, Congress does.

You and I don’t set fiscal policy, Congress does.

You and I don’t control monetary policy, the Federal Reserve Bank does.

One hundred senators, 435 congressmen, one President, and nine Supreme Court justices, 545 human beings out of the 300 million are directly, legally, morally, and individually responsible for the domestic problems that plague this country.

I excluded the members of the Federal Reserve Board because that problem was created by the Congress. In 1913, Congress delegated its Constitutional duty to provide a sound currency to a federally chartered, but private, central bank.

I excluded all the special interests and lobbyists for a sound reason. They have no legal authority. They have no ability to coerce a senator, a congressman, or a President to do one cotton-picking thing. I don’t care if they offer a politician $1 million dollars in cash.

The politician has the power to accept or reject it. No matter what the lobbyist promises, it is the legislator’s responsibility to determine how he votes.

Those 545 human beings spend much of their energy convincing you that what they did is not their fault. They cooperate in this common con regardless of party.

What separates a politician from a normal human being is an excessive amount of gall. No normal human being would have the gall of a Speaker, who stood up and criticized the President for creating deficits. The President can only propose a budget. He cannot force the Congress to accept it.

The Constitution, which is the supreme law of the land, gives sole responsibility to the House of Representatives for originating and approving appropriations and taxes. Who is the speaker of the House? Nancy Pelosi. She is the leader of the majority party.

She and fellow House members, not the President, can approve any budget they want. If the President vetoes it, they can pass it over his veto if they agree to.

It seems inconceivable to me that a nation of 300 million can not replace 545 people who stand convicted — by present facts — of incompetence and irresponsibility. I can’t think of a single domestic problem that is not traceable directly to those 545 people. When you fully grasp the plain truth that 545 people exercise the power of the federal government, then it must follow that what exists is what they want to exist.

If the tax code is unfair, it’s because they want it unfair.

If the budget is in the red, it’s because they want it in the red .

If the Army and Marines are in Iraq, it’s because they want them in Iraq.

If they do not receive social security but are on an elite retirement plan not available to the people, it’s because they want it that way.

There are no insoluble government problems.

Do not let these 545 people shift the blame to bureaucrats, whom they hire and whose jobs they can abolish; to lobbyists, whose gifts and advice they can reject; to regulators, to whom they give the power to regulate and from whom they can take this power. Above all, do not let them con you into the belief that there exists disembodied mystical forces like “the economy,” “inflation,” or “politics,” that prevent them from doing what they take an oath to do.

Those 545 people, and they alone, are responsible.

They, and they alone, have the power.

They, and they alone, should be held accountable by the people who are their bosses.

Provided the voters have the gumption to manage their own employees.

We should vote all of them out of office and clean up their mess!”

Original Source Article: Reese, Charley “Looking For Someone To Blame? Congress Is A Good Place To Start.” 7 March 1995, Orlando Sentinel (Page A8)

Here is a way to get rid of the IRS and never have to file another income tax return; or corporate return for that matter! Every dime you earn would be in your paycheck; no taxes withheld. It’s within your power to make it happen!

There is a tax bill before Congress right now that would abolish the IRS and get rid of income taxes, corporate taxes, death taxes, estate taxes, etc. It is called the FairTax Act and I am here to tell you it is not only fair, it would solve our country’s economic problems overnight. Here’s a snapshot of how it works.

First I do want to say that The FairTax is resisted by a vocal minority precisely because it will do what it claims in eliminating the IRS, the more than $300 billion in tax return filing costs, and the corruption of the current system. Make no mistake, that adjustment will be hard for tax lawyers, special interest groups, lobbyists who make millions from our current tax system and those in Congress who see the current tax code as a way to get your campaign contributions to buy your votes.

What is the FairTax?

The FairTax is a retail consumption tax that is charged when you buy something new. It is a transparent tax. That means that the tax will be on your receipt in plain English so you can see it.

Right now you are paying those taxes when you buy something, but they are hidden in the cost of the item by all of the goods and services that go into making that item from raw materials to packaged product. Those are called embedded taxes because they are hidden from your view. Under the FairTax Act, you would be paying the same price for a loaf of bread but the loaf would have a lower shelf price and the tax would be added at the cash register and printed on your receipt.

Is the FairTax actually fair?

Yes, the FairTax is fair. In fact, it is really much fairer than the current income tax. You can control how much tax you pay simply by deciding what items you are going to buy.

Wealthy people spend more money on more expensive items than other individuals. The FairTax taxes them on these purchases. Tourists and illegal aliens, who pay no taxes now, would be paying their fair share every time they buy something. Someone who deals in cash and never reports it on an income tax return would now pay taxes on their income when they spend it at the cash register.

And yes, the government would still get as much tax revenue as they do now, but it would cost us a lot less to run the government. In addition your Congressional Representatives who spend millions of your tax dollars to buy the votes of special interest groups by voting for insane programs, like studying the mating habits of wooly wingas, would stop. (A wooly winga is a made up name for an animal in case you were wondering.)

The FairTax would have a positive effect on the U.S. economy.

With the penalty for working harder and producing more removed, American businesses will experience a new era of economic growth and business expansion. Hidden taxes are history, Americans are able to save more, and businesses invest more. The FairTax, as proposed, would bring U.S. companies back home as it would no longer be an advantage to have U.S. companies in foreign countries hiring workers for low wages that Americans should be doing here at home for a fair wage. In addition, other international investors will want to invest here to avoid taxes on income in their own countries, which would further spur the growth of our own economy.

The FairTax would have a positive effect on wages and prices.

Americans who produce goods and earn wages are currently required to pay significant tax and compliance costs under the current federal income tax. These taxes and costs both reduce after-tax wages and profits and are then passed on to the consumers of those goods and services in the form of price increases.

When the FairTax removes income, capital gains, payroll, and estate and gift taxes, the pre-FairTax prices of these goods and services will fall. The removal of these hidden taxes may also allow wages to rise. Exactly how much prices will fall and wages will rise depends on market forces. For example, in a profession with many jobs and too few to fill them, wages will likely increase more than in fields where there are too many employees and not enough jobs.

Workers would bring home what they earn.

It would put more money in the pockets of every U.S citizen by eliminating the income tax. There would be no deductions from what you earn to pay federal taxes, Social Security or Medicare. If you earned $100 you would get paid $100. Business would no longer be burdened with paying additional taxes on employee wages for Social Security/Medicare.

The FairTax has a positive effect on Social Security/Medicare.

Under the FairTax Act there would be plenty of money available for both these programs. Like all federal spending programs, Social Security would operate exactly as it does today, except that its funds come from a broad, progressive sales tax, rather than a narrow, regressive payroll tax.

Employers would continue to report the wages they pay to each employee to the Social Security Administration simply for the determination of benefits. The move to a reformed Social Security system is eased while ensuring there is sufficient funding to continue promised benefits.

In the meantime, Social Security/Medicare funds are no longer triple-taxed like they are under the current tax system: 1) when payroll taxes are initially withheld; 2) when those withheld payroll taxes are counted as part of the taxable base for income tax purposes; and 3) when the promised benefits are finally received.

The FairTax protects low-income and lower-middle-income families and individuals.

Under the FairTax Plan, poor people pay no net FairTax at all up to the poverty level! Every household receives a monthly prebate check that is equal to the FairTax paid on essential goods and services [groceries and medicine], and all wage earners are no longer subject to the most burdensome tax of all, the payroll tax.

The FairTax protects senior citizens.

Seniors do very well under the FairTax. Low-income seniors are much better off under the FairTax than under the current income tax system. Some people incorrectly believe that people who live exclusively on Social Security pay no taxes. They may not know it, but they are paying hidden corporate income taxes and employer payroll taxes whenever they buy anything. Under the FairTax, seniors pay $0.23 out of every dollar they choose to spend on new goods and services. Plus, seniors, like everyone else, receive the monthly prebate check, in advance of purchases, for taxes paid on the cost of necessities.

Yes, The FairTax CAN really be passed into law!

Do you have the right to vote in this country? Passing the original 16th Amendment and the income tax wasn’t easy, and repealing the income tax and the 16th Amendment won’t be easy either. That is why the FairTax has undertaken to build a grassroots movement and grassroots alliances to support the effort. But this will only happen when the American people rally behind the effort, throw off the yoke, and demand that their congressional representatives correct 90 years of wrongs done by the income tax.

What you can do RIGHT NOW to make sure this bill gets passed.

First, go to the website www.FairTax.org and sign the petition to let Congress and the President know that you want this bill passed into law.

Second, while you are on the website, look at the congressional scorecard to see whether your state congressional representatives support this bill. If they don’t, write them a letter and tell them that you think they should vote for it and that you will be watching this scorecard to see how they stand come election time.

Third, buy The FairTax Book: Saying Goodbye to the Income Tax and the IRS by Neal Boortz and Congressman John Linder. Read it so you understand what this bill actually says. The book is easy to understand. Then give it to a friend to read and ask them to pass it on.

Fourth, if you hear anyone, especially a politician, saying that the FairTax Bill will hurt the poor, or help the rich, or hurt senior citizens, then politely tell them that they either (A) have not read the FairTax Bill and understood it, or (B) they are intentionally misleading the public, so they must have a personal vested financial interest in keeping the current tax code in place.

Fifth, pass this article on to everyone you know and encourage them to join the grassroots movement to get this bill passed into law. Remember, our politicians serve us, we don’t serve them.

Sandra Simmons, President of Money Management Solutions, specializes in helping business owners and individuals manage their money to acheive financial freedom. Claim your FREE Debt Reduction Solutions Guide

© 2008 Sandra S. Simmons. All Rights Reserved.