Posted on 06/19/2011 3:14:52 PM PDT by rabscuttle385
Sen. Lindsey Graham (R-S.C.) said Sunday that any Republican-backed plan to raise more government revenue would have to come from eliminating subsidies and tax deductions, not by raising taxes.
"No one on the Republican side is going to vote to raise taxes, but I think many of us would look at flattening the tax code, doing away with deductions and exemptions and take that revenue and help pay off the debt," said Graham on NBC's "Meet the Press."
(Excerpt) Read more at politico.com ...
revenue, newspeak for TAXES.
Scheißemeister Graham is open to more revenue ... cause he’s a RINO, not a conservative and completely co-opted by his Liberal/Democrat neer-do-wells across the aisle. probably even has a crush on Harry Reid.
“In my many years I have come to a conclusion that one useless man is a shame, two is a law firm, and three or more is a congress. “ ~ John Adams
speak for yorself and not the party you queer!
Maybe Wash., DC should step aside and let the economy grow?
Truly. while private business spend fortunes on trying to ascertain why the customer will give them revenue for products and services, the government spawn, call it revenue, and could care less about earning it. The same as how “layoffs” are call “reduction in force”. Wordsmithing does not ad value unless it adds clarity.
Since when is “taking away deductions” not a tax increase? I really can’t articulate the depths of my disgust for this piece of garbage.
I would completely support a tax hike on the 51% of US households which pay nothing in federal taxes. Let them pay their fair share!
Deductions and loopholes have the same effect upon the Laffer curve as cutting taxes.
Deductions and loopholes have the same effect upon the Laffer curve as cutting taxes.
Many of these still pay state taxes. For those who favor a smaller Federal government, this is good.
Eliminating “tax deductions” IS raising taxes.
God, “1984” and “Atlas Shrugged” have collided in 2008-2011!
Tax the media.
Any political leader who votes to increase taxes at a time of such irresponsible spending that equates to years of 1.5 Trillion deficits must be removed from office.
Liberals elevate the deficit by increasing Spending, then they claim the answer to the deficit problem is now to increase Taxes.
If Ronald Reagan were hare right now all he would say is...
“there you go again, tax and spend...tax and spend”.
I don't care if they pay state taxes. If I have to pay over half of my take home pay to federal, state and local taxes then why should anyone be exempt from that?
Perhaps if these people had some skin in the game at the federal level, they'd be more averse to an expanding federal government, simply because they would know it would hit them directly in the bank account.
Another poster said it very well, in our country we have rights but we also have responsibilities. It is not right over half the people in this country to be exempt from paying even something towards the costs of running the federal govenrment.
How much money do we cut if we cut all things related to global warming? Can we cut the entirety of the EPA? Department of Education? The ATF? Cut our foreign aid by half? All the worthless common sense scientific studies? Revamping contracts the Pentagon has so they are not charged $$$$$$$ for hammers, nuts, bolts, etc? Hell, we can fix the budget problems around 24 hours to a week.
Of course, Republicans like to spend a lot when they are in full control, too. Spending rose even more than revenues over those 6 years, resulting in larger deficits.
nerdwithagun wrote:
How much money do we cut if we cut all things related to global warming? Can we cut the entirety of the EPA? Department of Education? The ATF? Cut our foreign aid by half? All the worthless common sense scientific studies? Revamping contracts the Pentagon has so they are not charged $$$$$$$ for hammers, nuts, bolts, etc? Hell, we can fix the budget problems around 24 hours to a week.
You have some good ideas. Unfortunately, after decades of writing "IOU's" and putting them in the "Social Security trust fund" and "Medicare trust fund," the bill is coming due. The reality is that if there are not significant changes to Medicare especially, and Social Security next, those two programs will consume all federal revenue soon. You could cut 100% of everything else, discretionary spending and defense, and you'd still have to borrow money to pay Medicare and Social Security benefits.
The Ponzi scheme is going to collapse. Time is not on our side. "Reform" is inevitible, if only because there will not be enough money in the world to pay the benefits that have been promised so far.
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