Tag Archives: tax revenue

Reid’s Plan to Raise Middle Class Taxes

BY JOHN FEEHERY
Reprinted from TheFeeheryTheory.com

The message to the Senate Finance Chairman was pretty clear: No tax reform unless you raise taxes on middle class Americans.

That is the only conclusion you could reach from Senate Majority Leader Harry Reid’s demand that Max Baucus back off on his tax simplification plans unless it raises close to a trillion dollars in new revenue.

Everybody recognizes the need for fundamental tax reform. The system is inefficient, unfair, and so complex that most people have to hire outside help to figure it all out.

Dave Camp, the Ways and Means Chairman, and Mr. Baucus have gone on an unprecedented road show building the case for a simpler, flatter, and more fair tax regime. They have visited small businesses, big businesses, manufacturers, exporters, farmers, and everybody in between, bringing their charts, facts, and figures to the people. Continue reading →

Budget Issues Trump Other Scandals

BY FRANK HILL
Reprinted from TelemachusLeaps.com

Or should trump them, at least.

Despite all the consternation about the Obama Administration and Benghazi, the IRS harassment of Tea Party groups and the AP phone records being monitored, we still have a country to run.

Somebody better be paying attention to our spending and deficit/debt problems or else it really won’t matter if the Obama White House is lying about any of the above 3 scandals now a-brewing.

They are all important issues of governance or malfeasance, however you want to call it.

But none of them can do the damage to our future that out-of-control spending can cause because our debt gets too high and then, when interest rates return to ‘normal’? It either crowds out other essential functions of government or inflation rears its ugly, ugly head and everyone suffers. Especially the elderly, poor and infirm. Continue reading →