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Comments about ‘Fiscal cliff stalemate spurs anxiety in states’

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Published: Monday, Dec. 10 2012 4:16 p.m. MST

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awsomeron1
Oahu, HI

The people who voted for Obama must suffer the consequences of their actions. Grid Lock total Grid Lock. No Healthcare, No Budget no anything.

patriot
Cedar Hills, UT

The GOP needs to cave in and just sign a blank check for Barack. Resistance is futile. America decided on Nov 6 it wanted socialism going forward and rejected capitalism so continuing to stand in the way - as the GOP is doing - is hopeless. If Barack doesn't get his way he jumps back out on the campaign trail and feeds the ignorant masses with more propaganda.... and it works!! America is dead in the water and this fiscal cliff is just the beginning. Wait til the real hard core taxes and mandates of Obamacare start hitting small business. I wouldn't be surprised to see unemployment hit 15% by end of 2014. The pattern is the same - raise the debt ceiling - borrow more from China - tax the American people more (those that actually work) and make more and more dependent on the government. The cycle ends in financial collapse and bankruptcy - (see Greece).

mohokat
Ogden, UT

This could be solved very quickly but Obama is committed to punishing the successful among us.
His goal is to redistribute. I am convinced he is a communist. Thank you to those who vote for him. You have sent this Country over the edge.

xscribe
Colorado Springs, CO

You're welcome!

JSB
Sugar City, ID

Incompetent president, incompetent congressmen, incompetent senators. Our leaders are selfish, dishonest, greedy, unprincipled and immoral. Their values trickle down to the rest of the population until our whole society is drenched with corruption. The conditions in our society have been prophesied and the prophesies are coming to pass. We had a chance to vote for real, honest principled leadership. But the people chose not to. I'm so glad I don't have voting for Obama on my conscience.

A1994
Centerville, UT

Everything is going to be fine. With Obama's measured and mature approach that all his supporters told us about, our economy is going to do great! No worries here.

Fred44
Salt Lake City, Utah

Socialism, Communism, really? Time to turn off Sean Hannity and listen to some Christmas music. The solution is compromise and when the clowns on both sides of the aisle realize that we can move forward. Revenue must be raised which includes some widening of the tax base and increased taxes on those who have prospered the most. How do you raise taxes on the wealthy who cares, close loopholes or increase the tax rate. Spending must be cut, and that includes military spending, entitlements for both the wealthy and the poor. This is not a republican or democrat problem, this is an American problem.

Phranc
SALT LAKE CITY, UT

why do you all continue to think that your failed rhetoric of the campaign is going to hold any weight now? time for some new material.

David
Centerville, UT

Those who want to raise taxes on the rich are simply trying to make taxes "fair". But it won't help the economy. Read Clayton Christensen's article in the Opinion section of the Dnews. Instead of punishing success, tax policies should encourage investment, innovation, efficiency, and savings. Of course to allow this type of restructure of the tax code. government would have to tighten its belt and reduce spending. But any honest person understands that the greatest risk to American strength is not taxing the rich, but balancing budgets and living right.

Fred44
Salt Lake City, Utah

David,

The changes to tax policies since the Reagan era have disproportionately favored the wealthy, and have actually taken away their incentive to invest in America by allowing them to pull money out of American companies and move it offshore and open sweat shops in third world countries. I agree that we need to create incentives for investing in America. I also agree that we need to cut spending, and that includes defense and entitlement programs for big oil and others.

The great risk to America is the continuation of the wealth redistribution that was started under the Reagan administration and continues to this day. When 1% of Americans hold approximately 40% of the wealth and the next 5% hold an additional 30% of the remaining wealth we have real problems. Since 1979 the after tax income for the top .01% has risen by 281% and for the middle 5th of Americans 25%

In the past the wealthy did what was best for America, today the wealthy do what is best for their personal bank account (there are exceptions). We are quickly becoming a third world country and we will not survive unless and until the wealth distribution changes.

FT
salt lake city, UT

How far have fallen since Clinton left office? 8 years of mismanagement by Bush and the Republicans and 4 by BO and the Democrats. Time to invest in Costa Rica real estate.

David
Centerville, UT

But the top 2% pay 80% of the nations taxes and revenue to the Treasury.

So this tax increase is more about redistribution than fairness. If we were aiming for fairness wouldn't we want a more even distribution of taxes?

This would broaden the tax base, get more voters invested in the process, and yield more revenue to the Treasury.

But for Obama and his supporters the issue is not about balanced budgets and debt management. Instead the issue is class warfare. Tax the rich more. It is wealth redistribution.

I understand that the wealthy are getting richer, the poor poorer. But redistributing wealth through entitlement programs will not work to strengthen individuals or our nation.

Instead, restructure the tax code to encourage growth, investment, industry, and work.

Fred44
Salt Lake City, Utah

David,

What is fair? Who gets to define fair? Is it fair that one type of income is taxed at one rate but another type is taxed at another rate? Is it fair that home owners get exemptions but non home owners don't? Is it fair that private jet owners get a tax break that non-private jet owners don't get? Is it fair that those who are self employed can show virtually no income because of the tax breaks they are given?

Why do we only call it redistribution of wealth when the wealthy have to pay a little more? The current economic structure and tax system already is redistributing the wealth, to the wealthy. If we have thirty more years like the last 30 years, the 1% will have 99% of the wealth and the 99% will be sharing the 1%, and the republicans will still be calling for the poor to pay more because its not fair that the wealthy pay so much.

I am in favor of reforming the tax code, but the proposals from the republicans will kill the middle class and won't change much for the wealthy, but I guess that is fair.

David
Centerville, UT

Fred, I completely agree with your questions and suggestions. Make the tax code fair. Eliminate deductions--100% of them.

Make a tax that is flat--every pays in a percentage of what they earn. It makes everyone invested in our nations success on a financial level.

Those who are poor could be exempted from taxes as they currently are.

How about that for fair? If you make more you pay more. No difference between capital gains, employment income (W2), distributions, interest income, etc. Simply pay a percentage of the increase.

Fred44
Salt Lake City, Utah

David,

I can buy that concept if the FICA tax is also adjusted so that whatever percentage is paid on that tax is the same for every dollar earned as well. While we are agreeing how about we add significant tariffs to products coming into the United States from other countries like other countries do to us. This would help provide incentives for American business to produce products in America, and hire Americans at a living wage.

The problem we have is not President Obama alone or Mr. Boehner alone, or the republicans or the democrats alone, the problem is special interests both red and blue that are trying to do what is best for them financially or politically and not what is best for America.

I think given the power you and I could sit down and solve this problem in a day with time left over to go play 18 holes of golf before dinner!

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