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Political Discussion
Reply to "Republicans and the debt ceiling "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Close tax loopholes for the wealthy, raise taxes on the .01%, and cut the military industrial complex, ie Lockheed, Etc.[/quote] That doesn't get you anywhere close to cutting the budget deficit, as can be seen by looking at tax brackets in Europe. It is not the rich paying for everything, but instead 40% tax rates or more on middle class, starting around 50-70k. [/quote] Guess you don’t understand “cutting tax loopholes”?? They can also raise taxes on Capital Gains and tax it closer to wages.[/quote] The previous capital gains tax cuts produced more revenue. Again there is not enough money at the rich to fund government programs at the level liberals want. Look at Europe's tax brackets, the VAT taxes, and everything else. Middle class pays a lot in taxes.[/quote]
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