It is unfair Middle Class Americans has to foot the bills and not Millionaires and Billionaires
Myth: Since we weren’t able to raise revenues right now, we won’t be able to raise revenues in the future.
Fact: The deal lays out two paths for further reducing our deficit. Both of them include revenues. Option one is for the joint committee to develop a plan that is passed by both Houses of Congress, and signed by President Obama. The President has already said that he will only support a balanced approach involving shared sacrifice. That means raising revenue through steps such as closing loopholes for corporations, reforming our tax code, and asking millionaires and billionaires to pay their fair share in taxes.
If the joint committee cannot develop a balanced compromise,that brings us to option two for raising revenues: the expiration of the Bush tax cuts. On January 1, 2013, President Obama can use his veto pen to end special tax breaks for high-income Americans if Congress votes to extend them.
Comment
Oh wow! You have any idea what will happen, if the wars were stopped now, after starting decades ago? We'll be in more trouble than 9/11 if we end these wars to quickly, something of this sort has to gradually wear down, until America conquers it’s deficient. Look at the madness in these people of the other countries. You want our country to suffer more of 9/11?
From all the money generated in all the Americans, sure it'll be enough to fix this so called deficit, if everyone paid their fair share of taxes over a period of years. It will help put millions of Americans back to work, improve communities buildings, and schools = more American buying power = more money for millionaires and billionaires, and just maybe even more millionaires and billionaires. If we don't, China will continue to sit on America's debt bill; just for the popularity it’s bringing China.
And you are right we do need to start with the local councilmen in all the communities to get everyone to pay their fair share of taxes, and stop side shorting the communities, like they did with the Santa Barbara Plaza Project just for popularity in political standing.
Euros have already become stronger than the Americas dollars. Who do you think is next? Right! China
Ok! So let just put aside the fact of being selfish regardless of income status, and finding loopholes and excuses to avoid paying taxes when the country is in need, if poor and middle class are losing their businesses, jobs, homes, cars, etc. where will they find money to keep increasing these millionaires and billionaires incomes? People certainly did not become millionaire and billionaires without the poor and middle class help. All I’m saying is millionaires and billionaires need to stop being obnoxious and consider paying their fare shares of darn taxes, so the communities can function a lot better, since decades. Things are getting awfully complicated to the point where some community stores are telling customers they have to pay for the darn grocery bags, etc. and yeah true enough it's a new venture for a few to start selling grocery bags, so what’s next?
Of Course! Everyone has the opportunity to become millionaires and billionaires, Capitalist or not, What make you think middle class do not want this opportunity? Does that make it right that only middle class foot the bills of paying taxes,while millionaires and billionaires don’t, yet they shares just about as much as all the rest of us shares in this country for free. Why be in that income bracket yet watch the very people that place them in that income bracket suffer? That is an act of pure selfishness.
Leimert Park Beat is the news and social network for Leimert Park and the surrounding neighborhoods. Stay informed. Join now!
• Got news you think everyone should know? Blog it.
• Have a show or attending a benefit? Put it on the calendar.
• Video of the big game? Embed it.
• Photos of your business or the school play? Upload them.
WHAT STORIES WOULD YOU SUGGEST? Let me know.
With your help, LeimertParkBeat.com raised money to hire reporters, graphic artists and community members to cover our area.
Read the stories - Urban Economy 411, Redevelopment Hell and One of these don't belong.
© 2024 Created by enhager. Powered by
You need to be a member of Leimert Park Beat to add comments!
Join Leimert Park Beat