The lack of balance in the approach is disturbing...especially when we know that the proposed hikes will amount to only 80 billion a year in revenue while our annual deficit is in the 1.2 trillion dollar range.
Look...tax hikes are a must...we have no choice....but that doesnt mean we should write laws that are solely directed to one class of people.
Romneys approiach is the right approach.....cap deductions. It will apply to ALL Americans....but only those that deduct more than say 60K (arbitrary number) will be affected. And if you deduct more than 60K...you are wealthy.
I dont get it where people think it is American to write laws that specify only one group of people.
What would the outrage be if a law was passed....no....JUST SUGGESTED...saying that anyone over 300 pounds is not allowed to fly becuase it is dagerous to the rest of the passengers...
Why is no one addressing the idea that a law, for the first time, will be passed that SPECIFIES a class of people?
What law is being written that specifies a specific group of people? I see proposals that are aimed at income levels but thats nothing new. We've had a progressive tax system for quite some time obviously.
the White House refers to it as "the wealthiest Americans.
Statistically, it is the top 2 percent
Dollar wise..it is those Americans earning 250K.
Now...if they want to change the tax code...and part of it is changing the tax rate for those earning above 250K...that is one thing.
But they want legisaltion saying "the Bush tax cuts will become permanent for all except for the welathiest Americans...the top 2%....those making over 250K."
That is writing legislation specifically directed to one class of people.
Let me ask you this...and I support this...if the same revenue can be acheived by writing legislation that caps deduictions at 60K.....what is wrong with that?
Why is the President dead set against that?