Simply letting Bush's TEMPORARY tax cuts expire would be a good start. Who could oppose that?
Bush tax cuts: removed more taxpayers from the middle class from Federal income tax roles than gave tax cuts to those over 250K in income.
Effective revenue stream of the Bush tax cuts: Gave over 1.4 trillion in tax cuts to those with incomes under 250K over the last 10 years. Gave over 800 billion in tax cuts to those with incomes over 250K in the last 10 years.
The top 1% pay 35% of ALL FEDERAL INCOME TAXES NOW.
The bottom 49% pay NO FEDERAL INCOME TAXES NOW.
And you want to tax producers MORE?
Tax the moocher class more. An unmarried woman with 2 kids makes minimum wage $14,500 a year and receives FULL entitlement package that includes:
Food stamps
Day Care subsidy free
Earned Income Tax Credit
Rent subsidy Section 8
School Lunch Program
Medicaid
Chip
Utility Assistance
Free cell phone
Add it all up and she has $38,000 of disposable income that the government has given her to pay all of these bills with 2 kids as a single mother.
Simple economics and facts there.
So let us look at a single mother working and making $60,000 a year in income. She will pay no income taxes under the Bush tax cuts as she was removed from the tax roles when it passed but she receives NO EIC, no food stamps, no section 8, no free school lunch, no Medicaie, no Chip, no utility assistance, no free child care and no free cell phone.
After payroll social security taxes and day care her disposable income is $34,000 a year.
With this scenario as FACT, what incentive is there for ANYONE to improve their skills and get a $60,000 a year job when your disposable income is MORE AS A MOOCHER?
WAKE THE HELL UP AMERICA!!!