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| Topic: Three Good Reasons to Let Bush Tax Cuts Go | |
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"Billions of dollars in tax breaks for the wealthy is just about the least efficient use of that money.
The Bush tax cuts didn’t deliver what they promised. The tax cuts for nearly all Americans and American small businesses would stay in place." http://www.americanprogress.org/issues/2010/07/let_cuts_expire.html Ok mingle people, what's your response to this? |
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How about a total overhaul to a fair flat tax system rather than the absolutely confusing an also "TAX THE HELL OUT OF EVERYTHING!" orientation our government has gotten?
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How about a total overhaul to a fair flat tax system rather than the absolutely confusing an also "TAX THE HELL OUT OF EVERYTHING!" orientation our government has gotten? |
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They will let the "Bush Tax Cuts" expire for the wealthiest 2% of the U.S.
They will continue/extend the tax cut for all the rest of us. That's my prediction....and I think it's the right thing to do. 
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What about the people that pay $0 in income taxes? Surely the 47% of people who file wouldnt be too happy paying 25% more for groceries, especially if they are below the poverty line and already receiving federal tax credits (EIC, etc.)
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well....
Increasing taxes for the purpose of having more money to spend is not sound fiscal policy. We have a $13 trillion debt and another $100 trillion in unfunded liabilities.. I don't know how many taxpayers make up that 2% of the wealthiest, but if anyone thinks that they are going to be able to support the 47% that pay no income tax you are sadly mistaken. If you are alive and breathing you should be responsible for paying atleast 5% of what you make in income tax. The days of sucking up resources and putting nothing in the pot are going to have to end. |
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well.... Increasing taxes for the purpose of having more money to spend is not sound fiscal policy. We have a $13 trillion debt and another $100 trillion in unfunded liabilities.. I don't know how many taxpayers make up that 2% of the wealthiest, but if anyone thinks that they are going to be able to support the 47% that pay no income tax you are sadly mistaken. If you are alive and breathing you should be responsible for paying atleast 5% of what you make in income tax. The days of sucking up resources and putting nothing in the pot are going to have to end. If they were to extend/continue the "Bush Tax Cuts" to the wealthiest 2% of U.S. , it will ADD another $3 trillion to the national debt. Are you saying that sounds like sound fiscal policy? The tax cuts will be extended but NOT for the wealthiest. You'll see. |
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