Election 2016: Time for Trans-Partisan Tax Cuts?
The MITE wants to cut everyone's taxes -- from the bottom up
Passage of legislation mandating an annual, regularized increase in the personal exemption to the federal income tax of no less than $5,000 each year until AT LEAST such time as said exemption reaches $100,000 per year; and
Passage of legislation creating a "FICA floor" -- an exemption to the personal/employee/
"We're offering a simple, bottom-up solution that disconnects the concept of tax cuts from all those other political fights over spending priorities and social values," says Thomas L. Knapp, a Libertarian Party activist and one of the MITE's founders. "Everyone gets a tax cut. We all benefit, the poorest among us most of all. And it's a proven solution -- the personal exemption already exists and Congress raises it periodically anyway. The MITE program just puts that process on rails and extends it to payroll taxes as well."
The MITE's election-year priority is getting candidates for Congress and the presidency and vice-presidency to pledge support for their program. "We're not endorsing or supporting candidates,"
Through July, the MITE will recruit state coordinators to canvass congressional candidates, with an eye toward pressing for and publicizing candidate support as the November election approaches.
The MITE: http://themite.org
Mobilization for Incremental Tax Exemption