Cut me a break. GE paid zero dollars in taxes last year, even though it made billions in profits because of tax shelters and loop holes. I assume you are against a flat tax? The flat tax would reduce tax rates, but it would increase revenues (not to mention, eliminate 10's of thousands of pages of internal revenue rules/regs). It would probably even broaden the base, causing taxes to be applicable on a portion of the 47% that currently do not pay federal income tax.
Face it, we have to assess taxes somehow, some way, to pay for the legitimate functions the feds are required to perform. The fact that 47% of income earners pay nothing in federal taxes, sucks. That's right, I'm in favor of changing the tax code to ensure a large chunk of the 47% pay something. They need to put a skin in the game. Hence, changing (reducing) the tax code to include more taxpayers would increase revenues, without raising rates.
The code word “loopholes” means eliminating deductions for mortgages (many of which were acquired using income qualifiers based on many decades of existing tax code) and favored tax status for retirement savings in 401K/IRA’s
The solution to our decline is not MORE REVENUE, it is LESS SPENDING ..... when did this government EVER apply "more revenue" to paying down anything? All that ""more revenue" gives our govt is more access to credit to run up more debt. You give a drunk panhandler standing outside a liquor store $10 and think he is going to spend it on health food? I sure don't know where everyone making $100K+ is putting all their money they “don't need” and who thinks putting thousands more per family in obama’s govt overdraft account solves a damn thing about curbing the damage caused by congressional spendaholics