New York (CNNMoney) – No one ever said tax reform would be easy. But the failure of the super committee points up just how hard it will be in the next year.
Both Democrats and Republicans have said they want to overhaul the tax code.
Didn't then Pres. Bush tell the American people that his tax cuts were temporary and *promise* they would expire?
Easy: Let the Bush tax cuts for the top 1% expire,leave in place the rest so the middle class can have some breathing room(this money would go straight back into the economy). and close all loopholes for the MEGA RICH(Corporations).SEE, PROBLEM SOLVED
We sure could use that $380 billion in lost revenue right now. With the cost of the Bush wars at over $1 trillion, you have to admit, that electing a dumb bell like Bush for president was not a good idea.
to many lawyers who are in bed with special interest who have to much power in both parties... term limits would end life time politicans,, senators who are there 18 =24=30 years is nuts..no wonder we can agree on anything... we need a true leader who will tell american people the truth
If you don't pay taxes, you should keep your spineless Liberal opinions to yourself!
Repeal the Bush tax cuts, and give Obama the revenue he wants to squander. I'm sure all of the working folks, will be happy to give Obama more money to squander.
the republicans seem to want to leave their jobs up to a super committee or blame the president for not leading. the best one is they want to reform taxes so that the wealthy get even more of a break and justify that with again leaving their jobs of creating jobs to someone else. the news is republicans you bet that the tax cuts they rich have had for ten years (the so called job creators) was the answer. well here is the facts if you can handle it "the job creators" really turned into the job exporters instead. WE THE PEOPLE SENT YOU TO WASHINGTON NOT TO SUPPORT YOUR IDEOLOGIES AND YOUR GRAND EXSPERIMENT OF RAEGANOMICS AND SUPPLYSIDE ECONOPMICS WHICH IF YOU COULD OPEN YOUR EYES AND LOOK THE FACTS RIGHT IN THE FACE YOU WOULD SEE THAT IT HAS FAILED VERY BADLY!
Reducing the deficit requires reductions in entitlement programs and increases in taxes. Since the rich have it better than ever and the wealth gap continues to grow, they are the only viable target. They won't be hurt by a slight increase and may actually allowthemselves to protect their wealth by preserving the American economy. The Republicans are more than willing to cut entitlement programs – like Social Security and Medicare. They'd love to hand them over to Wall Street. However, they won't do the part of the bargain that hurts their sugar daddies – and this is why the economy and our government is broken. They'll run their campaigns with distractions about social hot buttons – like abortion, guns, gays and illegal imigrants, but they'll alow the country to sink to third world status before they'd break their pledges to the Koch brothers.