What cracks me up about this entire debate is this.
Everyone agrees by raising everyone’s taxes it will harm the economy (well except the far left loons). So the debate is about “not raising the taxes” in our slow economy.
People that argue that keeping the taxes at the current rate is going to help our economy are wrong too. Look at the the current economy with the current rates. We are barely growing. So doing nothing regarding the tax rates is not going to inspire a boom in the economy.
Thus, if the current tax rate and raising the current tax rate either leave us in our current situation or makes the situation worse... Then the solution is to cut ALL taxes to help our economy.
I am amazed how little I hear about this. The Republicans, Talk Radio and Fox News needs to be hammering this point.
Instead what I hear are Republicans, etc agreeing with the Democrats premises that this is a “tax cut”. It’s not a tax cut at all. It’s a tax raise. How can you call it a tax cut by leaving the current rates the same? If you agree with their (the rats) loaded argument, then you have already lost half the battle. The verbiage is extremely important.
The problem is not raising tax revenue. Hell the government admits to taking in over 2 trillion in taxes. BTW, I am sure they have way more than they admit. We all know the government lies. It’s a spending problem in Washington and NOT a raising enough tax revenue. People are either stupid or nuts if they believe that by raising our tax rates our federal government is suddenly going to become fiscally responsible.
Just my two cents.
What's happening, is that people are avoiding the real discussion.
The discussion of taxes and such, is predicated on the assumption that current government spending levels are sacrosanct. If one accepts that assumption, then the claim that tax cuts represent an "expense" actually has a great deal of merit.
What needs to happen -- and what the GOP needs to do -- is to shift the focus to the spending side of the equation. It needs to approached in a rational, reasonable way, and the discussion has to account for the fact that the reductions will necessarily be gradual (for political and even humanitarian reasons).
And (heresy!!!) it may even make sense in some cases for tax cuts to lag behind spending reductions.
All of this will require sober, responsible, adult behavior by those in positions of responsibility. Meaning that it will never happen.