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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWhat do you say to Repubs that say they already raised revenue back in January?
And that any more revenues are off the table?
Of course, they are talking about the 2% of the Bush taxcuts that were not extended in budget deal back in January. Ninety-eight percent of the Bush taxcuts were continued. Every couple below $400K per year were exempted. That was almost everybody.
But there are no more revenues to be found? One out of every four corporations pay no income taxes at all. Oil companies get subsidies worth billions of dollars each year. But we have to balance the budget on cutting programs that help the poor?
Republicans say we need to cut entitlements. That is what is running up our debt. It is unsustainable.
What can you say?
shraby
(21,946 posts)multiply and divide. Not the newer ones that teach "guesstimation".
kydo
(2,679 posts)of lack of faith in the US to pay its bills. Someone has to pay.
winter is coming
(11,785 posts)time someone sneezes?
The obvious answer is that they didn't raise revenue nearly enough in January. A glance at graphs of the income escalating inequality in our country and how little the wealthy are taxed now compared to the past make it pretty obvious that the rich haven't been sharing our sacrifices. What's unsustainable is tax cut after tax cut and subsidy after subsidy for the well off while the rest of the country sinks into poverty. Apart from being inhumane, it's a piss-poor way to run a country. It's a threat to our national security, and it's fiscally irresponsible.
denverbill
(11,489 posts)There was no 'revenue raised' in that bill. The bill simply prevented some of Shrub's tax cuts from expiring while maintaining 95% of them.
How a tax cut can be deemed a raising revenue is beyond me.
kentuck
(111,102 posts)We need to make up that 95% somewhere? That is why we are in a deficit and that is why the Tea Party is screaming and shutting down our government. It's not about spending alone. It is about revenues.
kydo
(2,679 posts)If they don't want to raise revenues (taxes), then don't shut down the government. It costs money and adds to the debit when republicans shut down the government so stop doing it and maybe we won't have to raise taxes so often.
The Magistrate
(95,247 posts)All proposals for deficit reduction which concentrate on 'cutting spending' are simply attempts to use 'deficit reduction' as a fig-leaf for changes in policy which cannot be achieved by legitimate democratic means.
kentuck
(111,102 posts)And I don't think voters will punish those that point out that the wealthy are simply getting over like fat rats. As the Tea Party likes to say, "it's about fairness"...
W_HAMILTON
(7,868 posts)n/t