The tax debate in the Senate has become an extremely heated argument, and is apparently taking a shift into name-calling and finger pointing. I was listening to the radio the other day, and heard some one say that the Democrats are wanting to steal money from the rich because rich people don't deserve to have as much money as they earn. It has to be understood that, in general, the Republican party is mostly comprised of wealthy, upper-middle to upper-class people. On the other side of the table, the Democrats are traditionally, middle to lower-class citizens, and a good portion are people who belong to minority groups (including race, sexual orientation, and idealisms). That said, with the Republicans pushing for tax breaks for people who have a net salary of over $250,000 is ridiculous. I'm not saying that these people didn't rightfully earn their money, but I will say that they have plenty to ante up to pay taxes. The United States, obviously, isn't a Communist or Socialist nation, but I believe that with the economic downfall and monetary deficit, those that can afford to pay a bit more should. It makes no sense to me to put more pressure on families that are struggling to make ends meet while there are multi millioniares driving around in Aston Martins and Ferraris complaining about paying "x" amount of tax dollars. Sorry, but I'd be happy to let Oprah and Donald Trump cough up some extra cash if it gives a chance of our country improving its economy.
Here's a quote from Politico that sums up my argument pretty well:
I agree with parts of your argument, but what about the families who barely make the cut? There are people out there who make just barely over the $250,000 cut and are also struggling to pay the bills each month. If we want to cut back the deficit, then the country needs to cut back on spending instead of passing a health care plan that will cost our country over $2 trillion. The reason why we are in so much debt is because of excessive spending anyways, so the best plan of action is to cut back instead of just taxing the citizens even more money.
ReplyDeleteRe: Taxation With Represention
ReplyDeleteMisti Crooks blog from last week titled "Taxation With Representation" was full of information on taxes. Ms. Crooks informed us that Republicans are pushing for tax cuts for the wealthy and Democrats are wanting to seclude the wealthy from the tax breaks. On this issue I side with the Democrats alongside Crooks. Obviously the Republicans think that the wealth from the wealthy will "trickle-down". Unfortunately this sounds a lot like Reagonomics and I think we all remember that failure.
So in these tough times when so many people are in need, maybe the people who are very well-off that "can afford to pay a bit more should."