Truth News Headlines October 1, 2018

The Dysfunction in DC

The two party political system in America has failed us all, along with many future generations.

You may think that is a radical concept. Read on and what you see may give you a different perspective.

We are about 22 trillion dollars in debt with no end in sight. Both political parties have culpable responsibility in this sad fact. Consider the interest on this debt to be around 3%, and try to imagine that number.

Today’s taxpayers and future taxpayers will shoulder this burden. As of this year taxpayers pay more to the government than they spend on clothes and food combined.

If you do the math and watch the national debt climb, with the government getting bigger and more powerful, a rise in taxes will not be far behind.

“The government is like a dragon, the more you feed it, the bigger it gets. It will never get smaller.” Lao Tsu

New York Towns Gearing Up to Fight IRS Ruling on Local Taxes – WSJ

An emerging coalition of New York municipalities is preparing to challenge proposed Internal Revenue Service regulations that block the ability of cities and towns to set up funds that allow residents to pay their local taxes as charitable contributions.
— Read on www.wsj.com/articles/new-york-towns-gearing-up-to-fight-irs-ruling-on-local-taxes-1538319601

They want their taxes tax deductible?