Slash Taxes for Me, You ... Us?
56
|
|
New seat belt extention extender car bus camper taxi us
Current Bid: $13.99
|
|
|
RICH DURANGO BROWN LEATHER GENUINE TAXI WALLET
Current Bid: $49.00
|
|
|
BLACK SOFT LEATHER GENUINE TAXI WALLET
Current Bid: $49.00
|
|
|
Monogram 1:24 Tom Daniel Tijuana Taxi Factory Sealed !
Current Bid: $16.50
|
|
|
Dave's Gourmet President Barack Obama Hot Sauce Collectors Series
Price: $6.45
List Price: $45.00 |
|
|
Avocado Hot Sauce By Scorpion Bay. The Most Delicious Blend of Chiles, Tomatillos, and Creamy Haas Avocados make Up This Addicting Hot Sauce. Bring Home the Flavors of Baja in This Unique Gourmet Sauce.
Price: $6.25
List Price: $6.95 |
|
Barack Obama Custom Candy Lollipop Suckers. Assorted Set of 3. Red, White & Blue. Funny, Political Party Favor or Stocking Stuffer. Democrat
Price: $15.00
List Price: $20.00 |
|
Politic Incorrect Dickhead Hat
Price: $5.48
List Price: $4.10 |
Sometimes it's not easy to separate politics from the politician, good rhetoric from good policy, the wheat from the chaff.
Republicans want big tax cuts. Democrats want big tax cuts. Most Americans want big tax cuts.
Great! So what's the problem?
The problem is that Republicans and conservatives tend to buy into the rhetoric of the Republican Party and its leadership while the Democrats tend to go along with Democratic leaders and, this year, President Clinton.
The GOP says its cuts are better because they will cut out the fat in the budget and reduce or eliminate items that can best be handled by the states or by local governments.
Democrats say their cuts are better because they won't throw out the baby with the bath water; they won't unfairly place the burden on low income families and the elderly. The Democrats say Republicans' tax cuts will hurt the middle class while unfairly lining the pockets of the wealthy in the country.
Adding to the confusion is the way most Americans look at the issue of cutting taxes. When cuts in Medicare are proposed, for example, people tend to react, not unnaturally, by saying, "I'm on Medicare and that's going to take money right out of my pocket." Or, "I'm not on Medicare, so this is a good way to come up with the money we need."
Whether one is Republican/conservative and believes that government should do only what is absolutely essential, or one is a Democrat/liberal and believes the government must step in to help the helpless, one should look at each issue on its merits, politics aside, and opt for the solution that is best for the country.
In today's world, cutting taxes is an issue of macroeconomics, not microeconomics, that is, the $50 or $350 you might save under one proposal or another is not what's important (except to demagogues); what is important is the effect on the overall economy that the additional billions of dollars in the hands of consumers produces.
But, politicians being what they are, tax cuts are always sold on what they will do for you. Sure it's nice to get a tax break (heaven knows few of us can afford the taxes we pay now), but the whole country benefits when taxes are raised fairly and spent equitably.
The Congress and the president are wrestling with the economic issue now. House and Senate Republicans and Democrats are in a particularly caustic debate over which expenditures should be cut (or, should we say, how much should the rate of increase be reduced?)
Which programs should be cut back or eliminated? Should middle income taxpayers, or wealthy investors, be granted a tax cut?
How much can we squeeze out of Medicaid or Medicare?
None of these questions can be answered fairly and equitably unless we cast politics aside and strive for the middle ground.
Can't we look carefully at the myriad budgets that bureaucrats have allowed to grow out of control for years and trim the fat, not the bone?
As for tax cuts, it matters little if America's middle class is given a break this year; that only assures us that we'll have to keep paying excessive taxes for decades to come just to try to put a dent in the national debt.
I wrote this column as a "My View" for The Hour newspaper of Norwalk, Conn., on March 20, 1995. I now write my views on a wide variety of topics on HubPages. You can, too. It's easy, and free! Get paid for writing about what you love, or whatever interests you!. HubPages makes the technical part easy. Make friends and get help on its active forum. Take a quick tour to see how easy it is to get started today Click Here -- To view my HubPages Profile Click Here
Income Tax Cut. JFK Hopes To Spur Economy
PrintShare it! — Rate it: up down flag this hub
Comments
Thank you, Kenny. Speaking of taxes, I'm already putting together the necessary papers for this year's tax return. Maybe someday they'll really "simplify" the forms.
Our forms in India are simple, though I leave it to the auditor to advise me. I have to prepare my papers only in March!
Gee! You people are unfortunate. We submit in June to be finalized by October if you do not have a good accountant.
Doh!! Thanks for the reminder and merry christmas to you William and everyone else here:)
Let's forget about taxes for now, and we'll all have a merry Christmas and happy holiday season.
Bill ... How about a flat tax across the boards for everyone? The "rich" will still be paying the bulk of the money and the "poor" can start paying their fair share.
Thanks, Bob, but you'd have to tax the rich about 90 percent to get them to pay their fair share (but they'd probably find a way to get around that, too!) As for the poor, you can't get blood from a stone.
Good hub. More informative and instructive. Thanks to provide all the information in your hub and for sharing. I like this hub and rated 5*. Here a similar equal stuff site about 1031 Common Exchange In Tenant on http://www.1031exchangereviews.com/1031-common-exc Please step into this site to find more information about 1031 Common Exchange in Tenant.














Kenny Wordsmith says:
2 years ago
A very sensible, impartial view! Great, thoughtful hub!