quote:Letting the tax cuts expire would have increased everyones taxes! Letting the tax cuts expire would have increased everyones taxes!
This may only be a technicality, but it's worth pointing out. Letting the tax cuts expire would simply be allowing them to do what they were designed to do. Making them permanent when they were proposed would have required the Senate to have the 60 seat filibuster proof majority, which it did not have. Any proposals by the current Congress should be treated as new legislation. The old legislation called for a tax increase in 2010.
quote:What the he11 is your problem with someone keeping what they earned?
Absolutely nothing. The 16th Amendment created the proverbial slippery slope that has allowed Congress to confiscate the fruits of our labor. So I agree, we should be able to keep our money. Now, how do you propose we do that and meet our obligations?
quote:The time for paying for the deficit spending of the last 50 years has arrived. The people that pay all the taxes are going to have to pay more, there is no money to take from the middle class. Why is that hard to grasp???
While I'm opposed to income taxation because it is legalized theft, I concede that as a country we seem to be fine with it. I also concede that the math simply doesn't work for those who claim we can tax less and still cover our obligations. Any tax cuts should still be coupled with massive spending cuts.
What we've essentially done it let one generation run up a huge credit card bill and stiff the next generation with paying for it. The problem is that we're not requiring those who ran up the bill to give up any of the stuff it bought.