During the election, throughout the presidential debates, rally speeches, and campaign stops, Mitt Romney explicitly stressed the importance of closing loopholes in taxes. President Obama, on the other hand, aggressively fought to persuade voters that this tactic was not the way to go! Yet now, Barack Obama claims that closing loopholes and making smart reductions will close the gap in the deficit.
He says that this will enable us to "continue to fund things that can help us grow." In other words, more spending. The grand and overwhelming majority of growth in the economy has occurred because the federal government is hiring more and more people. So the president wants to fund the growing government so that the government can continue to grow, which causes more need to generate money we do not have so that we will be able to spend more money we do not need to spend.
The only reason we have a deficit is because we spend billions of dollars on things that contribute nothing to the economy. Instead of cutting the defense budget, why doesn't the government stop throwing $250,000 at every person that discovers a new beetle and wants to study its mating habits? Obama says "we need additional revenue." That's his way way of saying "we need to raise taxes." The president would assert that we do not have enough money to operate correctly. In the real world, we do not have an income problem, we have a spending problem.
The United States generates plenty of money and tax dollars to run the nation efficiently. Instead or raising taxes so we can spend more, how about we cut spending so we can lower taxes? There is over $50,000 of debt for each American citizen today, and that is not the economy that I want to inherit.
If the tax reform is to be "fair and transparent," then why have they not proposed anything comprehensible? Obamacare has over 13,000 pages of new regulations, with 21 new taxes that we know of. No human being can navigate a code of law that massive.
These tax laws do not only affect the U.S. economy, they have an impact on each individual, and how we operate in the global economy. If our own citizens do understand the way our government is operating, how can we know how to fix the problem?
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