Dem plan on raising taxes comes together
NY Times:
The reason Democrats have no credibility to do a deal that includes raising taxes is that they really want the taxes so they can spend more money. We have watched them use this trick since the Reagan administration and they never really cut spending. Never. It is why they can't get a deal on taxes now. There is also the bogus suggestion that the rich are not paying their "fair share" when in fact the rich are paying most of the income taxes already. The US has the most "progressive" tax code in the world, but to hear Democrats talk you would think the middle class were carrying these people on their shoulders.
If they want a deal they are going to have to be more honest, but that is probably beyond their abilities when it comes to taxes.
There is also the fact that raising taxes sucks more money out of the private sector at a time when we need them to invest in growing the economy. We have already seen what a disaster Obama is when it comes to "investment decisions." His portfolio at President is far worse than Romney's at Bain.
If we want to increase revenues to the government, we should get out of the way of energy development and let the oil and gas companies develop our resources, create jobs and produce royalty payments to the government that would be greater than any tax increase. Instead the Democrats have pushed a policy that keeps areas off limits to drilling. The refusal to allow drilling in ANWR is one of the most illogical ones in history. The refusal to approve the Keystone XL makes no economic sense or ecological sense. It just feeds into the anti energy left's carbon phobias. From the stand point of oil that is going to be used anyway, these decisions only help those who don't like us.
A cynical look at this is that Democrats decided to spend us into the need for a tax increase. But there are plenty of obvious alternatives to raising taxes. The Ryan budget slows the growth in spending. Democrats tend to make the fraudulent argument that slowing the growth in spending is a cut to spending. It is one of the tricks they have used to boost the size of government.As a Debt Battle Looms, Some See No Option but to Raise Taxes
Experts warn that voters would not support deep cuts in entitlement programs unless an increase in taxes is part of the mix.
The reason Democrats have no credibility to do a deal that includes raising taxes is that they really want the taxes so they can spend more money. We have watched them use this trick since the Reagan administration and they never really cut spending. Never. It is why they can't get a deal on taxes now. There is also the bogus suggestion that the rich are not paying their "fair share" when in fact the rich are paying most of the income taxes already. The US has the most "progressive" tax code in the world, but to hear Democrats talk you would think the middle class were carrying these people on their shoulders.
If they want a deal they are going to have to be more honest, but that is probably beyond their abilities when it comes to taxes.
There is also the fact that raising taxes sucks more money out of the private sector at a time when we need them to invest in growing the economy. We have already seen what a disaster Obama is when it comes to "investment decisions." His portfolio at President is far worse than Romney's at Bain.
If we want to increase revenues to the government, we should get out of the way of energy development and let the oil and gas companies develop our resources, create jobs and produce royalty payments to the government that would be greater than any tax increase. Instead the Democrats have pushed a policy that keeps areas off limits to drilling. The refusal to allow drilling in ANWR is one of the most illogical ones in history. The refusal to approve the Keystone XL makes no economic sense or ecological sense. It just feeds into the anti energy left's carbon phobias. From the stand point of oil that is going to be used anyway, these decisions only help those who don't like us.
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