Ending Bush High End Tax Cuts

[KeithE]

By merely returning the existing 35% marginal rate to a 39.6% marginal rate from those over $250K/year


and

Realize that . Clinton years a little better than Reagan years; much better than Bush years.


Less Deficit. Some More Growth. No Brainer.

[Mrs Haruo]

The "Trickle Down" theory works VERY WELL----- if you live in a basement apartment where your upstairs neighbors keep going off to work and letting their kitchen sink overflow. I got tired of the trickling down onto my kitchen table and into my living room. Why do you think Haruo and I and the cats saved up and bought a house?
"Trickle Down" also was a great incentive to move some hymnals from a very badly sagging chipboard bookcase into better quarters. I need to replace that shingle in the garage roof before the fall rains start up.

[Haruo]

Yes, and I should help.

[ET]

[KeithE]

[Sandy]

I've always favored a percentage tax that is straight across the board. It eliminates a lot of the cost tied up with the IRS in the number of employees they must have to police a tax system that they can't come close to keeping up with, and it prevents loopholes, exemptions and abatements that kill the GOP trickle down theories. The idea is supposed to work, when the wealthy are getting wealthier, they are more likely to employ more people, pay more in taxes and that benefits everyone. The problem is, as Mitt Romney's tax returns so clearly illustrate, that the wealthy are getting away with paying less tax than the overburdened middle class, in some cases paying no tax at all on millions of American dollars that are doing no good for our economy by sitting in sheltered investments outside the boundaries of the US. Most of the money that has been earned back in the stock market rise to 13000 points under the Obama administration is going to provide jobs for a lot of people--in Indonesia, Taiwan, India, even Africa and the Middle East. There's a simple solution to the problem. Give the tax breaks to companies who keep jobs in the US. We hand out billions of dollars in government spending in tax subsidies. Let those go to companies who create jobs here, and raise the taxes on the American companies that preside over a transfer of wealth from the American middle class to third world economies of developing countries.

In short, what needs to happen is that the obstructionist Congress needs to go, and the President needs to have a congress whose aim is economic improvement, not blocking the president's attempts to improve the economy.

[ET]

[Sandy]

[Dave Roberts]

How do you tackle the debt when the Congress can't even compromise enough to adopt a budget? If they can't do their work, we need new ones. Continuing resolutions to fund the government keep them from having to discuss their priorities.