Dear Congressman McClintock,
No doubt you’re aware of the $13 billion settlement negotiated between the Justice Department and J.P. Morgan Chase. I am intrigued by the fact that this sum, or a considerable part thereof, will be tax deductible. In other words, the taxpayers will subsidize J.P. Morgan’s taxes — provided they pay any at all — and the cost to the bank will be considerably less than the $13 billion the Wall Street Journal, FOX News and this newspaper have compared to highway robbery.
Perhaps you could introduce a bill allowing U.S. citizens to deduct from their taxes fines and penalties imposed by various government entities.
Specifically, I have in mind speeding and parking tickets, penalties for not filing taxes — the list is endless. Should such a bill (the McClintock Fairness Act to Restore Tax Sanity) become law, your name recognition will instantly make you potential GOP vice-presidential timber.