ConservaDerrps
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- #221
No kidding, there is no way that raising taxes on just those making over $250k will cover this new spending. It won't even cover the current deficit.
Where is the money going to come from?
Oh, you mean you want to reduce the deficit? Cool, end the Bush Tax Cuts.
And they're not JUST raising taxes on top earners. They're also taxing the Insurance Companies. You keep skipping over that.
I'm all for ending the tax cuts, if we cut spending, dollar for dollar, but the won't happen and anyone with a brain knows that. It is not the intent of Congress to cut spending.
Obama has had over three years to end the Bush tax cuts and has failed to do so, I really wonder why.
Ending the Bush tax cuts will not reduce the deficit, because government keeps spending more and more. Tax the insurance companies, right that is the answer, they are already capped at earnings over health care, their profit margins are less than 3% as it is, but go on take more and watch premiums go up and health care go up.
It's the number one driver of the deficit, so yes, ending it would drastically reduce the deficit. I'm very unhappy that Obama hasn't ended the BTC yet; it's my biggest criticism of his presidency actually. Would you support cutting Defense by 20%?