General Discussion
In reply to the discussion: If you're an elected dem who is open to cutting Social Security, or Medicare or S.N.A.P., Fuck you. [View all]puffy socks
(1,473 posts)i Cutting spending isn't the answer at this point either. That serves to make things worse. Austerity measures have proven to be bad again and again.
Cutting taxes is wrong headed. You do not advocate quitting your job when focusing on paying off debts, do you?
Cutting spending cuts everybody's cash flows and that isn't good for the economy either.
We need to roll back the special business tax breaks, capital gains tax breaks. That's how we got here , and every bit of it is welfare.
It's a lie that large already established businesses need tax payer help to compete in the global market. When we then talk about raising taxes they say "we just pass those costs onto the customer", so they are never really paying taxes anyway. At this point they are not only passing the taxes off on to customers but also getting huge tax breaks and sometimes refunds.
Obama's idea to tax anyone making over $250K is wrong headed imo as well. You hit a lot of truly small businesses that way.
The problem is the wealthiest aren't paying taxes and that's because most of their income is unearned income from financial securities.
All income should be taxed at the statutory rate for that level of income, quit panicking and slowly lower our debt.