You can't tax your way out of this!
POSTED: Friday, April 15, 2011 - 6:04pm
UPDATED: Saturday, April 16, 2011 - 9:41pm
TYLER — Lawmakers are squabbling right now in the halls of Congress about the budget.
It is obvious to me we have a spending problem. We don't have a taxing problem.
If you pay attention to anything, please know so many times taxes are asked for are the state and federal level, and then end up somewhere else.
Look at the Texas lottery. That money was never used for what it was intended, but politicians have played this game for years, and we've all been to dumb to figure it out.
Put out the bait. Starving the children. Starving grandma. We'll have to fire police offers. You know focus group push button emotional phrases and sayings.
That's what going on right now.
I think the answers is cutting, because if you cut it's tangible.
I know many of you will choke when you hear me say this, but I would pay higher taxes for a while- for a while- if I thought it would do any good retiring this huge debt.
But, I know there is no way it would go toward that.
It would be used for ethanol subsidies in Iowa. Raising taxes won't work.
The idol of the Democratic party is J.F.K. who said a rising tide raises all boats. In other words, lower taxes more, more and more money for the government because of greater spending.
Congressman Tim Scott of South Carolina crunched some numbers. He said that if we were to tax these individuals 100% of their income, we still could not cover our deficit this year alone.
As a matter of fact, to tax our way out of debt, we would need to increase taxes across the board on every man, on every woman and every business by 60 percent. You simply cannot tax your way out of this debt,
That's his and my point of view. What's yours?
You can email me a POV@nbc56.com