WASHINGTON (AP) — People want the tax cuts promised during the presidential campaign, but may be willing to wait while President-elect Obama takes on the larger issue of fixing the economy.This sounds like a very complicated job, one that is not understandable by us average folks. I think we should all take off work and sit quietly in our homes until he's got it fixed. We wouldn't want to get in his way as he goes around fixing things, you know.
If you want a foretaste of what it will look like once the press and the politicians finish convincing all of us to let the government fix the economy, take a look at this.
You know, this fascination that both parties have with "tax cuts" and "the other guy is going to raise your taxes, but I am going to lower them!" is making me a bit crazy. Ok, so raising taxes will tend to suppress economic growth, but lowering taxes will tend to increase the federal deficit, so which poison do they want?.
ReplyDeleteHey, here's a novel thought: why don't we just *let the taxes stay the same!* And then, give businesses some assurance that the tax rate will *keep* staying the same for some time, so that they can, oh, I don't know, *plan intelligently for the future*, maybe? And then actually, say, work out how to reduce government expenditures so that they come into line with the taxes collected?
Nah. It'll never work. No excitement. No grand gestures, or sweeping promises of free bread. Just boring old accounting. Can't have *that*
TAX CUTS????!!! When did he promise tax cuts?
ReplyDeleteHe said your taxes will be lower under his plan than they were under Reagan.
i.e. 70% maximum bracket.
Roll back the Bush tax cuts - put millions BACK ON the tax rolls....
(obangido - must be related to Obama's tax plan)
(rodiesti - twice)
Thanks for the link, KT! That's "change we can believe in."
ReplyDelete