You want Congress to raise taxes and cut spending. You prefer corporations to be Congress’ priority for those tax increases, as well as individuals making more than $500,000 per year. That’s what you told me last week as we continued this discussion on a critical topic that Congress refuses to address: legislating more fiscally responsibly with our money.
A breakdown of taxes should also include Corporate Taxes, especially those who are paying nothing but are benefitting from tax dollars to make them rich! Large Cororate farm operations that are making huge profits through subcities need a cut off. Operations like ethanol plants, need to start paying taxes to reduce the expenditures the government made to help them build the very plant they are making money from! Lots of what you are showing is important, but sometimes the percentages of income that are paid in taxes would be more telling than the rates that have also bottomed out. Eisenhower spent lots of money on an interstate system of highways, but he also had a top rate of 90 percent, not 37 %. A look at the number of billionaires compared with millionaires would also be interesting when the distribution of wealth is considered. The growth in these powerful people have turned our government into a subserviant lap dog, willing to follow the money and not the will of the people. That has much to do with the government debt and the fact the books don't balance.
A breakdown of taxes should also include Corporate Taxes, especially those who are paying nothing but are benefitting from tax dollars to make them rich! Large Cororate farm operations that are making huge profits through subcities need a cut off. Operations like ethanol plants, need to start paying taxes to reduce the expenditures the government made to help them build the very plant they are making money from! Lots of what you are showing is important, but sometimes the percentages of income that are paid in taxes would be more telling than the rates that have also bottomed out. Eisenhower spent lots of money on an interstate system of highways, but he also had a top rate of 90 percent, not 37 %. A look at the number of billionaires compared with millionaires would also be interesting when the distribution of wealth is considered. The growth in these powerful people have turned our government into a subserviant lap dog, willing to follow the money and not the will of the people. That has much to do with the government debt and the fact the books don't balance.