Let me be clear: the debt limit will be raised. Failure is not an option. Both sides understand what is at stake and will come to an agreement...The President has proposed some very sensible tax reforms that would eliminate loopholes and ask the wealthiest Americans to pay a modest additional share of the burden.Translation taxes increases are coming. They are going to call it tax reform, but it will an increase---tax revenue will climb, and if you think it will fall only on the rich, well then, I have a great fog making machine in San Francisco that I would like to sell you.
The only way to do this is in a balanced way, and I’m confident we’re going to get something accomplished soon that’s good for the country.
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Where do you think the money to pay for these increases is coming from? It's business people. Increases in costs of doing business are always passed on to the consumer. The government is killing us all.
ReplyDeleteHere is one good example, we need a medicare tax that specifically pays for the medicare drug program.
ReplyDeleteDon't want the tax? Then we need to eliminate the program.
tax reform by Obama.....
ReplyDeletelets think for a minute....
oh thats right! He did reform taxes. The social security payroll tax for the employee went from 6.2% for the last 30-40 years to 4.2%.
Thanks for the change!
3:41
ReplyDeleteActually you pay all the social security payroll tax. the employer just passes the balance on to you the employee
4:34 Wrong, your employer matches what, social security, is taken out of your pay. So for every dollar deducted the employer sends in two.
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