The Democratic obsession, raising takes while at the same time spending more taxpayer dollars to fulfill their delusions then they are taking in. Drum roll for the Republicans.
The Republicans are equally obsessed yet diametrically opposed. The Democrat mantra, taxing the rich and making sure they pay their “Fair Share” is absolute nonsense.
What is a fair share? Who determined it? Of course the elite who desire to divide.
It they were serious in the Capital Gains arena, they would cut it to zero and watch investments flow.
If both sides were serious about completely overhauling the income tax, which they are not, the would put in place the FAIR TAX, doing so would cut off the need for lobbyists, and the ability of members of congress to sell their votes for financial gain.
Don’t be looking for tax reform to be playing at a theater near you any time soon.
That’s my story and I’m sticking to it, I’m J.C. and I approve this message.
The Wall Street Journal
It was overshadowed by the presidential race tug-of-war, but on Thursday the House and Senate held a rare joint hearing on tax reform. There was the usual partisan wrangling over who should pay how much, but there was some bipartisan agreement as well. It now appears both parties want tax reform in 2013—and recognize that the current tax system is a cancer cell invading the economy.
A key figure in the tax debate next year is Senate Finance Committee chairman Max Baucus, the Montana Democrat. Mr. Baucus appears to want tax reform to be his legacy issue, but he did stress that if Republicans want lower personal income and business tax rates, they will have to accept a higher capital gains tax rate. “Capital gains is one of the most difficult issues we face” in getting an agreement, he said. Complete article below