This is our first war without a tax increase. - Edit 1
Before modification by Tom at 14/04/2011 06:06:07 PM
I generally think that this was a mistake, although I do understand why we didn't, at least initially. However, in the absence of a draft, taxes help the American public decide just how far it wants to go into someone else's country to advance a nebulous and poorly-defined foreign policy.
I must take exception with this paragraph, however:
Are you talking about the banks that had no profits here? Please describe and explain exactly which "loopholes" are keeping banks and corporations from paying taxes they should pay, because although I don't have a problem with having a corporate tax, a lot of the hue and cry I've heard about this often boils down to stupid people (and I'm not accusing you of being one of those) who don't understand how taxes work. The upshot of it is that I ask people exactly what they're talking about here.
I must take exception with this paragraph, however:
Also, let's not forget there are lot of tax loopholes that need to be dealt with. These loopholes allow banks and corporations to pay no taxes whatsoever. But unfortunately, those guys have a lot of friends in the Capitol Hill which fight for them to prevent closing those loopholes. And unfortunately, needy and poor don't have that many friends to fight for them.
Are you talking about the banks that had no profits here? Please describe and explain exactly which "loopholes" are keeping banks and corporations from paying taxes they should pay, because although I don't have a problem with having a corporate tax, a lot of the hue and cry I've heard about this often boils down to stupid people (and I'm not accusing you of being one of those) who don't understand how taxes work. The upshot of it is that I ask people exactly what they're talking about here.