Quote:
Originally Posted by bkcunningham1
The problem is spending, not revenues. There is no shortage of revenue. There has been a huge surge in entitlement spending. Spending has increased dramatically under Obama and his administration. Raising taxes to support this spending does not put the country on the right course for economic recovery or a substainable future.
We need a strong economy to increase revenues to support the federal coffers to cover downsized government spending at sustainable levels. Keeping the current tax policy is not a tax cut.
Raising taxes will provide a very, very modest boost to revenue and do nothing to offset the spending and entitlement problems the remaining working taxpayers are facing.
Raising taxes will slow the economy. Raising taxes on work and investment will mean less work and investment. True small businesses will be negatively impacted with the proposal to increase their taxes. That is something we can't afford in this country with the unemployment rate looming at near 10 percent.
The trillion dollar stimulus Obama passed didn't stimulate the economy like he promised and now he is playing cover-up and a blame game instead of admitting he was wrong. I can't see how increasing taxes on hard working Americans and entrepreneurs will help Americans get back to work or help the economy recover.
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It is disappointing that you have not yet responded to my question about allowing the Bush tax cuts to expire for those earning more than 250K per year.
I spent a lot of time studying the two lengthy pieces you sent me, responded that they did not show evidence of your points, and you haven't commented about that either.
In this post you have now changed the subject to spending. Within it you are making some huge generalizations (like BBQman, who also got off topic). I refer you to my answer to him about those stimulus plan generalizations.
And finally, in your next post you spent a bunch of space creating a 'make fun' scenario of my suggestion that we all need to contribute, (work together) to get out of this mess. If you are going to do that, I'd prefer you did it by PM rather than publicly.
Once again, I'd like to see even one solid reason why you disagree with my original question.