Quote:
Originally Posted by Bucco
While some say tax the rich, I think it has been proven that that amount of money at whatever cap you use is not going to make a dent in our deficit. It is all political mishmash.
Both candidates say to revise the tax code but neither is specific..Obama just says make it simpler...Romney has a few specifics but not really. So, lets just assume they wont do anything...nobody has for years and it has been sitting there waiting to be fixed.
Budget isnt going to happen it appears. Not avoiding Romney but he has not been in office so all we can say is that Obama makes one every year and touts it, but it never is passed and it is never followed.
We all know we have to cut spending, and even if that happens the amount is suspect for sure.
THUS.....we need to raise taxes on everybody and it seems as simple as that.
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Now you seem to be thinking in the right mode. Taxes do need to be be raised but no on everyone. Raise taxes on individuals with incomes that exceed $500,000 per couple or $250K as a single filer. Raise taxes on those with $1M income to a higher degree.
Eliminate foreign aid to countries unfriendly to US, reduce the oil subsidies, reduce or eliminate farm subsidies, 5% cut in Federal Agency budgets, government (state and federal) conferences to be held in the city where the employee works by teleconference so no travel is needed.