In all sincerity, I don't see how you can vote for these guys. We just had an election that turned on deficits, yet saving tax cuts for the wealthy is what they just hung their hats on, deficits be damned! Doesn't their hypocrisy or lack of foresight bother you? Letting the Bush tax cuts for the wealthiest expire would have really help cut the deficit. And what about their fawning all over the rich, doesn't it bother you that they seem to care little for the middle class? I am not trying to score points or start a fight, I just really don't get it.
I favor a flat tax. Not a supporter of cascading tax system. Also do not believe that government spending is the solution, nor is adding an additional burden on the wealthy..the ones who provide jobs that will get the country moving. This country needs economic stimulus in the way of more businesses. That's the only way the employment rate will increase. Stifling business is a sure fire way to make the poor just even more dependent on the government. Its not about deficit reduction, its making sure the burden is spread equally for all. The wealthy (top 10%), as mentioned in another thread, pay 70% of the taxes in this country. That is a huge disparity.
And I don't get how you democrats can continue coming to this board bitching about sketchy politicians yet you continually vote to give the politicians and the government more and more power.
They pay 70% not because they pay at a significantly higher rate, but because they make a significantly higher amount of money.
Why doesn't someone answer the question? Of course the tax system is unfair, of course there are scummy Democrats. That's not the issue I raised. I would like to see someone actually give me an answer without ad hominem attacks or changing the subject.
It's easier to blame the other side for all the problems then actually try and fix them. Neither party is serious about reducing spending.
I did answer the question. I favor a flat tax, and making it more cascading is against my core beliefs. And since the wealthy are already paying the burden in this country, the point about republicans not caring for the middle class is moot.
Well to be honest I am pretty pissed the legislation to reduce the deficit did not advance. Because the legislation as it said, would have revamped the tax system. But instead the politicians in DC on both sides decide to do the exact opposite, cut taxes for all. That is totally infuriating. In order for the deficit to be cut to a reasonable level it is going to take budget cuts across the board. Everybody built the deficit, everybody will have to sacrifice in order for it to be paid back. It will also take everybody paying their part of it. I see more of the same old bullshit from DC, Republicans and Democrats alike.
By that logic, if there was a flat tax, they will still pay most of the taxes collected then and there will be parity in the tax rate.
I would actually be fine if all the Bush tax cuts were expired across the board though. However, not a fan of selectively letting it expire just for the wealthy.
This country has some of the most fucked up tax rules I have seen. We give people a tax break when having kids. But I ask you this. Who uses up more government resources? A family with kids, or a family without kids? It's pretty easy to see that a family with more people in it will use more government resources than a family without. But what do we do? We charge larger families less taxes. I would welcome a flat tax if implemented well (in other words, good math behind it and no loopholes).
I agree. Its too confusing, convoluted and too many loopholes. Its not like the current system really works or anything.
My answer is that the economy is tied to confidence, and that stimulating the economy is at utmost importance at the moment. Our Debt is Massive, it will take many many years to bring it down, so I think rebuilding the economy trumps tackling the deficit at the present moment.
Which is why each political party keeps on staying in business. Instead of just fixing the problem, all they have to do is paint the other party into some non-sensical boogeyman and they will get your vote. Take the tax cuts for example. Maxiep has made a few nice threads on this subject debating whether the tax cuts would be beneficial or not in collecting tax revenue. Hauser's law I believe. Good stuff. But you are never going to see it on a campaign sticker. The elections just showed that when the American public is pissed, they rearrange the deck chairs. Still the same set of deck chairs though.
Uh, ~47% of Americans don't pay Federal Income tax. I'd say a 35% Federal Income tax rate is "significantly" higher than 0%. Wow.
The most important thing for this economy going forward is JOB CREATION. With higher taxes, small businesses will not be creating jobs, contrarily they will be cutting jobs.
I thought both sides missed the boat. Extending unemployment benefits will more than likely make the deficit worse. Extending tax cuts will more than likely make the deficit worse. Ugh to it all.
