Impact of the Tax Code on Native American Nations
Ways and Means Subcommittee on Select Revenue Measures, Examining the Impact of the Tax Code on Native American Nations, March 4, 2020
Allow us to provide a new perspective to both the Congress and to tribal governments. Our premise is inflammatory. Native American Nations need to be paying much higher taxes. Indeed, they should pay in the ball park of the Walton Family in Arkansas. The reason they are not doing so is the nature of their protected relationship with the United States Government. The problem is that the wrong people are being protected.
Incompetent administration is being protected. Those who should be delivering Native Nations their fair share have a history of failing to deliver the money owed to the tribes. The checks should be bigger. Who are they protecting?
Let's start small. Ranchers with grazing permits are insulated from their landlords. Tribes could get a better deal on their own, including having the option to evict their tenants and either preserve or repurpose land held for them by the United States.
The next level is forestry. The owners of the land are competent to protect or extract these resources. Neither environmentalists nor extraction and wood products companies deserve the final say.
The biggest piece is oil, water and mineral extraction. As independent nations, American tribes should be getting returns on their resources at OPEC levels. While they get a share, others get the lion's share and, more importantly, make the decisions on how resources should be extracted and transported.
That others are allowed a say is racist in all of these aspects. As usual, such racism is rooted in the Capitalist desire to control and exploit. The sun must set on such abuse. The result would be higher income and tax obligations for Tribes and lower (and less sheltered) income for those who profit from the current state of affairs.
One obstacle is the racists belief that Tribes would waste the money. The reality is that they can buy the same level of stewardship used by the Walton heirs, or could develop it locally. They can certainly do better for themselves than the U.S. Government.
I do have some suggestions on how to best allocate the proceeds. The first attachment details our proposals for tax reform. These are as useful for tribal, state and local government as for the nation as a whole. The second attachment details how human services can be developed within these revenue proposals.
Native Nations already receive large monies that are invested. There are a few investment trends that they should resist that will take down the economy. The most obvious is cryptocurrency. The less obvious one is Exchange Traded Funds laden with junk housing bonds, thus time with overly leveraged single-family rentals. See the third attachment.
The final attachment is about employee ownership. Simply substitute tribe for company and member for employee and Nations may find this useful.
Attachment - Tax Reform, Center for Fiscal Equity, February 21, 2020
Attachment – Why Federal Investments Matter: Human Services, January 2020
Attachment – Recession 2020
Allow us to provide a new perspective to both the Congress and to tribal governments. Our premise is inflammatory. Native American Nations need to be paying much higher taxes. Indeed, they should pay in the ball park of the Walton Family in Arkansas. The reason they are not doing so is the nature of their protected relationship with the United States Government. The problem is that the wrong people are being protected.
Incompetent administration is being protected. Those who should be delivering Native Nations their fair share have a history of failing to deliver the money owed to the tribes. The checks should be bigger. Who are they protecting?
Let's start small. Ranchers with grazing permits are insulated from their landlords. Tribes could get a better deal on their own, including having the option to evict their tenants and either preserve or repurpose land held for them by the United States.
The next level is forestry. The owners of the land are competent to protect or extract these resources. Neither environmentalists nor extraction and wood products companies deserve the final say.
The biggest piece is oil, water and mineral extraction. As independent nations, American tribes should be getting returns on their resources at OPEC levels. While they get a share, others get the lion's share and, more importantly, make the decisions on how resources should be extracted and transported.
That others are allowed a say is racist in all of these aspects. As usual, such racism is rooted in the Capitalist desire to control and exploit. The sun must set on such abuse. The result would be higher income and tax obligations for Tribes and lower (and less sheltered) income for those who profit from the current state of affairs.
One obstacle is the racists belief that Tribes would waste the money. The reality is that they can buy the same level of stewardship used by the Walton heirs, or could develop it locally. They can certainly do better for themselves than the U.S. Government.
I do have some suggestions on how to best allocate the proceeds. The first attachment details our proposals for tax reform. These are as useful for tribal, state and local government as for the nation as a whole. The second attachment details how human services can be developed within these revenue proposals.
Native Nations already receive large monies that are invested. There are a few investment trends that they should resist that will take down the economy. The most obvious is cryptocurrency. The less obvious one is Exchange Traded Funds laden with junk housing bonds, thus time with overly leveraged single-family rentals. See the third attachment.
The final attachment is about employee ownership. Simply substitute tribe for company and member for employee and Nations may find this useful.
Attachment - Tax Reform, Center for Fiscal Equity, February 21, 2020
Attachment – Why Federal Investments Matter: Human Services, January 2020
Attachment – Recession 2020
Attachment – A. Employee-Ownership, March 7, 2019
B. From Hearing on the 2016 Social Security Trustees Report
posted by Michael Bindner at 10:00 AM
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