The Time’s Advise to Obama:
* LET THE BUSH CUTS EXPIRE.
Letting all of the cuts expire at the end of 2012 would save $3.8 trillion over the next decade. Letting the tax cuts expire for those making more than $250,000 would save $700 billion.
* MAKE REAL REFORMS
Streamline the code, make it fairer and — most important — raise more revenue.
* TARGET TAX BREAKS AND LOWER RATES
Wealthier taxpayers get the greatest benefit. The process needs to be reformed so that most of the help flows to those who most need it: low- and middle-income taxpayers.
Tax breaks that have outlived their purpose must be ended, starting with subsidies for the oil industry, which is making billions in profits.
* VAT AND CARBON TAXES
A value-added tax is conducive to saving, and a carbon tax helps protect the environment.
I thought the Times told us that “the rich” WANT to pay more taxes. What’s this “fight” crap all about? You shouldn’t have to “fight” for something if the idiots WANT to give it to you. Just make taxes VOLUNTARY. After all, isn’t paying taxes “patriotic”? LOL! The “media” types are a bunch of fools.
The notion of spending cuts has the left squealing like PIIGS.
I always have to laugh when I see the same Left wing political class that claims they can reduce smoking by raising taxes on tobacco products turns around and argues that raising taxes on income will have no impact on economic growth.
THERE ARE NO SPENDING CUTS! Just more spending from here to eternity.
The most frightening thing about this article is the comments, which are 95% in favor of Democrat policies.
No one seems to wonder whether the increase in federal government expenditures from 18% to 25% over the past several years is to blame. Almost everyone takes that increased level for granted and lobbies for increased taxes. Some visionaries even ask for direct taxes on accumulated wealth.
It’s going to be a tough slog to get rid of Obama and clean up this mess if this is representative of the American public. On the bright side... you’ve got to be a committed idiot to comment, because you have to be registered for the site. Who but a committed liberal would register for the NYT website?
Obammy can propose all he wants.
Congress has the power of the purse and me thinks the congress is about done giving obammy money to give to his union budds.
Only The Slimes could turn *not raising taxes* into *costing us*!
Obammy can propose all he wants.
Congress has the power of the purse and me thinks the congress is about done giving obammy money to give to his union budds.
Trying to balance the budget by means of raising taxes is destructive of saving and capital formation to the degree that the additional taxes fall on saving and productive expenditure. Ironically, it is precisely taxes that fall heavily on saving and productive expenditure that today;s advocates of balancing the budget through tax increases favor. The taxes they wish to increase are precisely those which land on corporations and the so-called rich,.
Can we get a law passed that states “If you don’t pay income taxes personally you cannot be asked your opinion on the level of taxation for other tax paying citizens.”
When four non-tax paying persons vote to take the wealth of the fifth - we have fallen under the rule of the mob. We are no longer a legitimate democracy, we are a kleptocracy. America will fail, the socialists will run out of other peoples’ money and they will do what they did through out history and that is confiscate other people’s property. Once that happens the productive class will be arrested or shot and their nations will become useless hell holes - Soviet Union, Cuba, North Korea, Eastern Europe - all take a bow..
Can we get a law passed that states “If you don’t pay income taxes personally you cannot be asked your opinion on the level of taxation for other tax paying citizens.”
When four non-tax paying persons vote to take the wealth of the fifth - we have fallen under the rule of the mob. We are no longer a legitimate democracy, we are a kleptocracy. America will fail, the socialists will run out of other peoples’ money and they will do what they did through out history and that is confiscate other people’s property. Once that happens the productive class will be arrested or shot and their nations will become useless hell holes - Soviet Union, Cuba, North Korea, Eastern Europe - all take a bow..
Pull the triggers...
I want to see the Kenyan lizard cut entitlements and defense just to watch him die. (apologies to Johnny Cash)
Pull the triggers...
I want to see the Kenyan lizard cut entitlements and defense just to watch him die. (apologies to Johnny Cash)
What bilge. I suppose this a sample of the full-tilt marxist propaganda we can expect between now and Nov. 2012. I can’t wait to see what the times editors write after the stock market continues to collapse this week.
It’s a dumb editorial. Why not suggest that the 51 percent of folks who PAY NO INCOME TAXES pay a little something?
Cut the power to the Slimes building. Let them go green and do a self sustatinability check.
We are now caught in a cycle of tax, regulate and spend that has our economy “circling the porcelain convenience.”
I guess that while hanging out in the Hamptons, they don't have much time to devote to their craft except to drag out the old arguments for another chase around the echo chamber.