In this Nov. 30, 2012, photo provided by CBS News Treasury Secretary Timothy Geithner answers questions about averting the "fiscal cliff" on an episode of “Face the Nation” on Sunday, Dec. 2, 2012 Geithner said Republicans have to stop using fuzzy “political math” and say how much they are willing to raise tax rates on the wealthiest 2 percent of Americans and then specify the spending cuts they want.
Chris Usher, ASSOCIATED PRESS
The current budget negotiations in Washington are completely confounding. The small tax hike the president is proposing is very reasonable, will have no appreciable negative effect on the economy and is something he proposed in every debate and campaign speech prior to the election. The Republican opposition to the hike must be purely ideological — There's no economic reason to oppose it.
Taxes are not punitive or evil in any way. They're just the way government pays for itself. The Grover Norquist anti-tax pledge makes no sense at all; For politicians to vow never to raise taxes is the equivalent of a carpenter pledging never to use a screwdriver.
As for entitlement reform, the debate piles nonsense upon nonsense. I suggest applying payroll taxes to income earned through investments, by simply raising the ceiling from $110,000 to $300,000, which would fully fund both Social Security and Medicare.
Should the budget also be cut? Sure. We don't need military bases in Germany or Japan, and we don't need to support military golf courses in Guam. Cut half a trillion or so from defense, and we're good to go.
Eric Samuelsen
Provo
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"Cut the military? The proper role of government is to protect life, liberty and property."
Absolutely cut the military! How much do we need to outspend China before you folks consider us safe? 10x? 20x? 100x?
Do you More..
"All the businesses that I work with are on the verge of closing."
That's funny Mike, because the business that I work for is expanding. In fact, after being local for most of it's history, we've been expanding More..
Excellent letter, Eric. What most of the commenters here don't understand is that Obama's proposal will affect only those with TAXABLE income over $250,000 (really $223,050 for married filing jointly). That means after all credits, More..