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To: decimon
Not impossible, however:
No amount of changing the tax code will fix the real problem: Too Much Spending.
That must be fixed no matter what we do.

The government is exerting a lot of power and control with the current complex tax code.
A simplified tax code will remove a lot of that control, and many influential groups will not give up THEIR loopholes easily.

11 posted on 10/21/2011 7:08:08 AM PDT by BitWielder1 (Corporate Profits are better than Government Waste)
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To: BitWielder1
Not impossible, however: No amount of changing the tax code will fix the real problem: Too Much Spending. That must be fixed no matter what we do.

I agree.

Let's say that we cut taxes and that results in an improved economy which increases the amount of tax money going to D.C. and state governments. Politicians simply spend that additional money. That additional spending may temporarily pump the economy into some 'bubble.' That yields yet more tax monies and more government spending.

Then the bubble bursts and we're stuck with the increased government spending and no way to support it.

That may not not be the best example but I think it gives the idea.

17 posted on 10/21/2011 7:40:41 AM PDT by decimon
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