But Kristol - and much of Washington - misses the point. It’s not that raising tax rates would break the rich. Money is not the issue. Nor will raising rates on the wealthy impede economic growth - such as it is. That is not the issue either.
The point is, we don’t have a revenue problem, we have a spending problem. It’s a simple, common sense principle:
Don’t raise taxes until you have to. And that means, cutting every last dollar from the budget that can be safely squeezed out of it before thinking about raising taxes on anybody to balance the budget.
I agree. So it should be used as a bargaining chip. If they can get something that will help the economy more than the tax hit will hurt it's worth a deal.
Big IF I know.
Let’s let the dems do whatever they want - they can ‘ease’ the money until every dollar is almost worthless, they can squeeze every person who owns a business and loot anyone with money. We can’t stop them so why set ourselves up to take the blame?
Our job is to change the way voting is done in this country. The was we vote is as stupid as a store that sets out a bowl for money - and lets people ‘pay’ voluntarily ... Maybe once it was possible but in today’s United States all stores have to have security tags, closed circuit cameras, store police, etc. The real world of lowlifes has to be acknoldged.
We need to stop pretending inner city lowlifes are playing by queensbury rules. They’re not. They cheat on voting and think it’s cool ... Dems play by Chicago Street gang rules - and they win because we’re fools. This isn’t the country we loved. Ten thugs kinking an unarmed person in the groin is not ‘fair’ or ‘cool’ and we need to wake up to who we’re up against.
The House should also answer the "fiscal cliff" problem by re-passing the 2007 budget and adding in whatever additional tax revenues are expected from the higher tax rates on the "rich." They could also redo deductions and tax rates to lower the corporate tax to 10% (what it is in parts of Europe).
They should realize that the endgame for the Dems is a VAT tax + punitive income tax rates (just as in Europe) and they should scream about it load enough so it gets past the media barrier.
Actually pass a balanced budget in this manner and see what the Dem response is.