Comments on: U.S. tax cuts may cheat death, but reform needs life http://blogs.reuters.com/breakingviews/2010/11/05/u-s-tax-cuts-may-cheat-death-but-reform-needs-life/ Mon, 26 Sep 2016 03:26:00 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: xyz2055 http://blogs.reuters.com/breakingviews/2010/11/05/u-s-tax-cuts-may-cheat-death-but-reform-needs-life/comment-page-1/#comment-4682 Mon, 08 Nov 2010 13:11:28 +0000 http://blogs.reuters.com/columns/?p=4540#comment-4682 Pethokoukis may be miss reading why Washington State voters did not approve the increased tax on the richest 1% to fund education and health spending. Rather than raising taxes on anyone to maintain out of control state and fed budgets pehaps the real message was “get your fiscal house in order”. Arizona voted down transferring funds earmarked for other programs to the general funds. Everyone is talking about jobs, economic growth and the deficits from California to D.C. I don’t think you have to be a world class economist to realize that putting more money into the hands or all citizens (even lower taxes) and cutting the insane spending of government is the best way to fix all those issues. But politicians have to look past doing what they think they need to do to get re-elected and start doing what’s right. We can no longer afford the neo-cons like Dick Cheney who want us to spend trillions on support their ideology. Even Bush in his new book says the attack on Iraq was wrong. The best defense against all aggressors is to make all Americans stronger. Not just the elite. Wake up America! These guys work for us. Make them do their job!

]]>
By: GA_Chris http://blogs.reuters.com/breakingviews/2010/11/05/u-s-tax-cuts-may-cheat-death-but-reform-needs-life/comment-page-1/#comment-4681 Mon, 08 Nov 2010 12:46:06 +0000 http://blogs.reuters.com/columns/?p=4540#comment-4681 I think the comment “Voters there overwhelmingly rejected a measure that would have raised income taxes on the richest 1 percent to pay for education and health spending.” is total BS… People voted against the general state of the economy, not to support tax cuts for people who do not need it (FYI, my household income exceeds $250k, so i would pay the higher rate).

The entire US tax regime needs reforming, making it both simpler and limiting the amount of deductions that can be used.
One point should be that a minimum 10% of total income, excluding deductions should be implemented, so that the very wealthy pay their share, and that also poorer people participate in the tax burden, to remove some of the incentive to stay out of work

]]>