- Feb 22, 2017
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In other words, you support increasing taxes.Just funding them at their current level would eliminate the debt in a decade.Social security and Medicare won't be touched as it's political suicide. Make cuts to Dept of commerce and others like that.
the problem there is they are so tiny that cutting 10 to 20 percent from them will make very little difference.
it will take more than that to start getting things under control.
not saying we should not cut them all by 10%, but it will take more.
I much prefer G5000s idea of getting rid of all tax expenditures. Quit using the tax code for social engineering. If we make the same amount of money you should not pay less than me just because you have a mortgage and I do not or just because you have kids and I do not.
no, i support paying for what we spend, not pushing it down the road. Do you support this? Do you think that deficit spending in a robust economy is a bad thing?
I support a fair tax system that has one purpose, that of collecting revenue, not influencing behavior.
Tax expenditures...What are tax expenditures and how are they structured?
"The Congressional Budget and Impoundment Control Act of 1974 defines tax expenditures as “revenue losses attributable to provisions of the Federal tax laws which allow a special exclusion, exemption, or deduction from gross income or which provide a special credit, a preferential rate of tax, or a deferral of tax liability.” These provisions are meant to support favored activities or assist favored groups of taxpayers. "
Tell me how this is even legal? The Constitution says that we shall have equal protection, but then favored actives and groups get special tax breaks that other so not get. Why should my co-worker who makes the exact same amount of money as I do pay less in taxes just because he has 4 kids?
If we got rid of tax expenditures we could lower the tax rate across the board because we would not need it to be so high to offset the tax expenditures.