I agree, taxes should be raised across the board. I felt like I got suckered into Romney convincing me he could lower my taxes and balance the budget (wishful thinking?). In hindsight, and reading what Republicans said after the election, I don't see how Romney was going to lower taxes and balance the budget. It's time we all tighten up the belt and pay this great country back for all it has given to us.
Absolutely. What I don't like is the notion that only one income level needs to pay more taxes. My friend that makes $100k less than I do only takes home 10k less than me. Something is broken.
I am now on board. I say we pay completely for the big government for which the majority of we Americans voted. If taxes go up to 70-90%, I'm fine with it. We need to see the consequences of our decisions.
Funny how an election defeat can suddenly make Republicans flip flop on rock solid beliefs about more taxes hurting the economy. Okay, let's hear the excuses...
Romney was going to end tax loopholes and cut spending. Raising taxes back to pre-Bush levels isn't going to even take a bite out of the debt with entitlements spiraling out of control, but it will at least collapse the economy more rapidly than Romney's plan. I'm all for Obama's plan. Let's get this over with, let everybody really suffer now, so the future can be somewhat realistic for our kids.
Obama has his mandate. Why won't he just let all Bush tax cuts expire if he really wants to bring in more revenue? What good is just taxing those making over $200k? It's a drop in the bucket compared to the spending at the federal level.
What I don't want is a papering-over of our fiscal problems. It will allow the fiction that we can use a credit card and make future generations pay. Either we have real budget cutting or we massively increase taxes to fund the government for which we have voted. If we want big government, we need to pay the big taxes that come along with it.
We borrow $.42 out of every $1 we spend. Seems to me the math says we need to DOUBLE the taxes on everyone and everything the govt. taxes now. That's everyone's income tax, park fees, gas tax, and so on. Not quite double, but close enough.
How do you double zero for the 45-50% that don't pay federal income tax? And at what point do you realize that federalized welfare programs aren't doing a whole lot to make things better, and start having the states look after things themselves?
And to me, this is the issue. Too many people vote, but have no skin in the game. In my opinion, EVERYONE should have to pay income tax, even if it's a dollar. And if they vote an increase, EVERYONE's taxes go up, even a penny. Mostly, however, I don't want to hear a peep about raising taxes until we've wrung every bit of efficiency out of our governments as possible. People in government seem to think increasing funding for a problem helps to solve it. It doesn't.
The alternative to raising taxes is to magically double GDP in a hurry. That's not going to happen because the govt. is infested with bureaucrats unfriendly to business.
