tax cuts or tax hikes

[hwt 0]

Recently i have heard members of congress talking of raising taxes while i have also heard some talking about cutting taxes and waste from government.

I would like to see wasteful spending addressed first because the idea of raising taxes in this economy sounds reckless.

check out this article before you decide which choice sounds the most logical .

http://www.heritage.org/research/reports/2009/10/50-examples-of-government-waste

Which do you think would be better for America ?

[billvon 3,120]

>Which do you think would be better for America ?

At this point? As soon as the economy recovers, cut spending AND raise taxes until most of the debt is paid off.

[rushmc 23]

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>Which do you think would be better for America ?

At this point? As soon as the economy recovers, cut spending AND raise taxes until most of the debt is paid off.

Treasury revenues have been at record highs

We have a spending problem not a revenue problem

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[billvon 3,120]

>We have a spending problem not a revenue problem

We obviously have both. Democrats won't recognize the spending problem, republicans won't recognize the revenue problem. Until BOTH sides get over their selective blindness, nothing will change. Demanding the other side change gets us - where we are now.

[Rookie120 0]

I'm no expert in this matter so dont't flame me if you dont like my idea. But from the number I came up with I dont see this problem being fixed with just cuts alone.

I for one would be willin to pay a little more. But they better show me some SERIOUS cuts before I would feel better about payin more. I say 1% in fed should bring them some cash they need but the cuts better look like The Terminator went though the joint. 1% point I dont htink will kill anyone but the reward later when we finally get the debt clock to tick the other was with the cuts on top would be a great sight when I'm in NYC.

If you find yourself in a fair fight, your tactics suck!

[rushmc 23]

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>We have a spending problem not a revenue problem

We obviously have both. Democrats won't recognize the spending problem, republicans won't recognize the revenue problem. Until BOTH sides get over their selective blindness, nothing will change. Demanding the other side change gets us - where we are now.

Nope, nothing "obvious" about this.
The R's and the D's BOTH have a spending problem.

Tax increases will only prolong the problem

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[livendive 8]

We need to cut some serious spending, and remove some serious tax evasion loopholes. Whether its Republicans proposing only spending cuts, or Democrats proposing only tax increases, both sides look dishonest. It took excessive spending and insufficient tax income from both parties to get us to this point, and it's going to take major concessions on both fronts to right the ship.

Blues,
Dave

"I AM A PROFESSIONAL EXTREME ATHLETE!"
(drink Mountain Dew)

[billvon 3,120]

>Tax increases will only prolong the problem

And a democrat will say "big spending cuts will put people out of work and only prolong the problem." And both are just as correct. End result - nothing changes.

At this point the only thing that could us more in debt than the Democrats spending are the Republicans tax cuts.

[kallend 2,150]

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>Which do you think would be better for America ?

At this point? As soon as the economy recovers, cut spending AND raise taxes until most of the debt is paid off.

Treasury revenues have been at record highs

They HAVE been, but they aren't now, even after adjusting for inflation.

Not that I ever expect you to check your facts.

...

The only sure way to survive a canopy collision is not to have one.

[lawrocket 3]

http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=200

Bill - Federal government revenues in 2009 would have balanced the budget in 1994.

Revenues in 2008 would have balanced the budget in 2002.

Revenues in 2007 would have balanced the budget in 2004.

Revenues in 2006 would have balanced the budget in 2003.

Revenues in 2009 would have balanced the budget in 1993.

Revenues kept on growing. Spending did, too. Now they are proposing taxes on small businesses to keep government from shrinking.

With ANY other spendthrift, we don't suggest that the spendthrift merely get more money. No. We cut costs. The PROBLEM is that the bills are coming due for pyramid schemes enacted over forty years ago.

And yep - paying off debt is crucial. But we can't do that unless we cut spending. And it means breaking promises made by those who knew they'd never be around to have to pay for it.

My wife is hotter than your wife.

[rushmc 23]

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>Tax increases will only prolong the problem

And a democrat will say "big spending cuts will put people out of work and only prolong the problem." And both are just as correct. End result - nothing changes.

At this point the only thing that could us more in debt than the Democrats spending are the Republicans tax cuts.

We have a spending problem (id;to many programs) not a revenue problem. You can change that no matter how you word it

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[rushmc 23]

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Quote

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>Which do you think would be better for America ?

At this point? As soon as the economy recovers, cut spending AND raise taxes until most of the debt is paid off.

Treasury revenues have been at record highs

They HAVE been, but they aren't now, even after adjusting for inflation.

Not that I ever expect you to check your facts.

Hi John
No matter what you say, fact is, we have a spending problem, not a revenue problem.

If we keep the current gov policies, (ie, keep spending) we will have both.

Fact, not the twist you push

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[billvon 3,120]

>Bill - Federal government revenues in 2009 would have balanced the budget in 1994.

Do you think that tax cuts and spending cuts will balance the budget?

[rushmc 23]

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>Bill - Federal government revenues in 2009 would have balanced the budget in 1994.

Do you think that tax cuts and spending cuts will balance the budget?

I do

The spending cuts just need to be big enough

Cutting taxes (as history has proven) can increase revenues as well. So we should go for both

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[kallend 2,150]

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Quote

>Bill - Federal government revenues in 2009 would have balanced the budget in 1994.

Do you think that tax cuts and spending cuts will balance the budget?

I do

The spending cuts just need to be big enough

Cutting taxes (as history has proven) can increase revenues as well. So we should go for both

History shows that tax cuts don't when the tax rates are around their present levels. The Bush cuts decreased revenues after inflation was taken into account. Revenues now are down a lot compared with 2007.

Which programs will you cut that WILL balance the budget.

...

The only sure way to survive a canopy collision is not to have one.

[kallend 2,150]

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>Which do you think would be better for America ?

At this point? As soon as the economy recovers, cut spending AND raise taxes until most of the debt is paid off.

Treasury revenues have been at record highs

They HAVE been, but they aren't now, even after adjusting for inflation.

Not that I ever expect you to check your facts.

Hi John
No matter what you say, fact is, we have a spending problem, not a revenue problem.

FACT is that revenues now are way down compared with 2007, even BEFORE inflation is accounted for.

...

The only sure way to survive a canopy collision is not to have one.

[billvon 3,120]

>I do . . The spending cuts just need to be big enough

Literally true. Of course, increasing spending and increasing taxes even more is just as effective (and just as unrealistic.)

[Rookie120 0]

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Which programs will you cut that WILL balance the budget.

I'll start with something I care about! EAS!!!!!!!! Farm subsidies. Subsidies for Ehthanol. I could keep going.

If you find yourself in a fair fight, your tactics suck!

[billvon 3,120]

>I'll start with something I care about! EAS!!!!!!!! Farm subsidies. Subsidies for Ehthanol.

Already gone, along with something like .01% of our budget.

To make any kind of dent you have to cut something substantial. Medicare. Veteran's care. Military. Social security. Are you willing to cut all of them, across the board, say 25%? Because if not - if the plan is to cut funding for ethanol, Sesame Street, science programs etc while reducing taxes - we are going to end up being way, way further in the hole.

[kallend 2,150]

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Which programs will you cut that WILL balance the budget.

I'll start with something I care about! EAS!!!!!!!! Farm subsidies. Subsidies for Ehthanol. I could keep going.

Insignificant fraction of the problem. You can eliminate all of that, + all foreign aid, + all funding for the arts and humanities and NPR and the National Labs other favorite targets of Tea Party morons, and still we'll have a huge deficit.

...

The only sure way to survive a canopy collision is not to have one.

[Rookie120 0]

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Insignificant fraction

If you read what I wrote that was just a start and as I stated before I dont think just cuts will solve the problem. I think a tax hike will have to happen. But not if they dont cut spending. And I Mean CUT EVERYTHING! Bullshit grants to study why frogs like to breed at night or whatever. Its all gone! The gravy train is over! The pyramid schemes that were promised to people are broke. Sorry you lost. Thats what happens whenyou trust your Govt. Sure am glad they are gonna be in charge of health care.

If you find yourself in a fair fight, your tactics suck!

[mirage62 0]

Cut EVERY PROGRAM 10%. Freeze spending at that level, adjust only for inflation End the intrest deduction on homes, (close obvious loop holes)

We Americans have to understand that WE ALL benifited in some ways form the spending and now WE ALL have to pay.

I believe we don't need to raise taxes, we aren't going to be able to TAX our way out of this mess. We have a progressive tax rate, it should stay in place- BUT no tax cuts!

Kevin Keenan is my hero, a double FUP, he does so much with so little

[rushmc 23]

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>I do . . The spending cuts just need to be big enough

Literally true. Of course, increasing spending and increasing taxes even more is just as effective (and just as unrealistic.)

The real problem is exposed here

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Geithner: Taxes on ‘Small Business’ Must Rise So Government Doesn’t ‘Shrink’

http://www.cnsnews.com/news/article/geithner-taxes-small-business-must-rise

WHAT MUST happen is government MUST shrink
By at least 25%

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[tkhayes 348]

unless the spending cuts include deep slashes to the military, Medicare, Social Security, then tax cuts will only further the problem, and the 'superficial' spending cuts will only be for publicity.

Since no one appears to want deep cuts to the military, Medicare, Social Security, then the other solution is to raise taxes to fund these projects.

The people need to decide what programs we want in this country. Starting with roads, education, regulation, oversight, plus all the above items. add it up, divide by population base, factoring for income, and adjust the tax base accordingly to pay for it.

simple stuff - too bad the people don't get it and the politicians are too busy campaigning to give a shit.

[hwt 0]

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>Bill - Federal government revenues in 2009 would have balanced the budget in 1994.

Do you think that tax cuts and spending cuts will balance the budget?

this answer is so easy...

It depends on how big you want your government to be.

I for one would like them to stay the f__k out of my life . i do not need a nanny or a babysitter, especially given the fact that the bigger the government is , the more corrupt it becomes and the more you reley on government... the less freedom you have.