Where goes you tax: Grace Commission to President Reagan

Discussion in 'Politics & Religion' started by harrytrader, Jun 29, 2003.

  1. Founded in 1984 by the late industrialist J. Peter Grace and syndicated columnist Jack Anderson, CAGW is the follow-on organization to President Ronald Reagan's Private Sector Survey on Cost Control, also known as the Grace Commission. In 1982, President Reagan directed the Grace Commission to "work like tireless bloodhounds to root out government inefficiency and waste of tax dollars." For two years, 161 corporate executives and community leaders led an army of 2,000 volunteers on a waste hunt throughout the federal government. Funded entirely by voluntary contributions of $76 million from the private sector, the search cost taxpayers nothing. The Grace Commission made 2,478 recommendations which, if implemented, would save $424.4 billion over three years, an average of $141.5 billion a year – all without eliminating essential services. The 47 volumes and 21,000 pages of the Grace Commission Report constitute a vision of an efficient, well-managed government that is accountable to taxpayers. CAGW has worked to make that vision a reality and, in 17 years, has helped save taxpayers $687 billion through the implementation of Grace Commission findings and other recommendations.



    http://www.uhuh.com/taxstuff/gracecom.htm

    One-third of all their taxes is consumed by waste and inefficiency in the Federal Government as we identified in our survey.

    Another one-third of all their taxes escapes collection from others as the underground economy blossoms in direct proportion to tax increases and places even more pressure on law abiding taxpayers, promoting still more underground economy-a vicious cycle that must be broken.

    With two-thirds of everyone's personal income taxes wasted or not collected, <FONT COLOR=RED>100 percent of what is collected is absorbed solely by interest on the Federal debt and by Federal Government contributions to transfer payments. </FONT>

    <B>In other words, all individual income tax revenues are gone before one nickel is spent on the services which taxpayers expect from their Government. </B>
     
  2. ttrader

    ttrader


    Do I get You right that about 45% of tax income is beeing destroyed by government ? So this is akind of deflation , isn't it ?


    ttrader