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by saturn05 October 23, 2011 3:06 PM EDT
If I pay 36% in taxes so should every one else.
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by Samlv October 23, 2011 2:58 PM EDT
Why is there no plan to raise revenue and cut expenses to close the gap?

Congress has failed us because they are coin-operated.

We need another leader like Reagan or Kennedy now, and there isn't one in sight.
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by arthanyel October 23, 2011 2:54 PM EDT
The vast majority of Americas, even a majority of Republicans, thinks millionaires and above should pay more. Right now we are BORROWING MONEY FROM CHINA that will ruin the future for the 99% in order to give the 1% a TAX CUT. This is beyond bad policy - it is criminally insane.

There will be ZERO IMPACT on the economy from letting tax rates go back to where they were in 2000. We could probably do more, but at LEAST this much is a no brainer. And yet the Republicans, Defenders of the 1%, refuse to allow any such thing - refuse to even allow DEBATE on a bill that would pay for 400,000 police officers, firefighters and teachers because it would TEMPORARILY raise taxes on millionaires by 0.5%.

That's right - the Republicans would rather fire 400,000, increase unemployment (WHICH WE PAY FOR TOO), and make our neighborhoods MORE dangerous and our children get less education than ask someone with an INCOME of $1,000,000 pay $5,000 a year more.

They are criminally insane, and do not reflect the will of the American people, which is their ONLY job.
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by ThomasSense October 23, 2011 2:27 PM EDT
The only way business is going to start hiring people is if people start buying their product. In Sunday School, I found out a bio-chemical engineer had been laid off with over 100 other people from Eli Lilly. The economy continues to contract (layoffs) and the revenues continue to fall. What in this recent history don't you see?

Republicans obstruct any government spending until they have revenue. The only revenue that will not be a detriment to the economy is from the wealthy. Everyone is holding on to their money because they are afraid of losing their job, they have lost their job, or they are working now at a new job that earned less than what they had.

This country escaped the Depression because of government spending! There was a time to talk about restricting government spending, but now is not the time. Foreclosures are still on the rise because of lost jobs. Now is the time to listen to economists instead of politicians.
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by expatriate2 October 23, 2011 2:15 PM EDT
Doesn't anyone believe in the point of no return? America is there. It cannot pay its international debts, maintain domestic programs, continue with worldwide military presence and administer it all with the "spend, tomorrow is another day" attitude that appears to characterize federal budgets.
It's over, folks. The point of no return passed us by.
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by Rick03466 October 23, 2011 2:11 PM EDT
We need to be talking about REDUCING EVERYONE'S Taxes and to do that we need to Cut both Entitlement and Defense spending. Begin with the Obvious, Develop a Plan to Eliminate the Albatross of Social Security it has from it's outset been a plan to fail. Get us out of being COP to the world. I don't want my country to be a world leader by force I want it to lead by example. I have faith that every citizen is capable of being responsible for themselves. I don't think you blame business when YOU borrow more than you can afford and it is not Responsible Business when a Loan Officer is paid on the number of loans they write. If you signed Loan Paperwork that you didn't Understand , Shame on you you are a fool and the Consequences are Yours and the Not the Tax Payers ( I have been that fool and dealt with those consequences because they were mine and not my neighbors to deal with) It is Time we all quite whining took the jobs that exists even the ones we think we are to good for, live withing in our means ands top robbing future generations.
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by nnnbkr October 23, 2011 1:29 PM EDT
This story made my blood boil. I was hoping for a balanced analysis of both sides of the argument. What a slanted piece of journalism. True, the top 1% took in 24% of the income, but as they always do, the liberal point of view never mentions the fact that this same group pays 38% of all federal income taxes. Hmnn........if you're going to have an honest discussion you need put ALL OF THE FACTS on the table. And if you think this figure is pulled out of thin air, go to the IRS website. It spells out exactly the percentage of federal taxes that each income group pays. Oh, and I suppose it's ok that 47% of all federal income tax filers paid absolutely NO FEDERAL INCOME TAXES AT ALL NADA. And don't start by saying they pay employment taxes, sales taxes, etc...so to the top 1%.
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by Samlv October 23, 2011 1:16 PM EDT
Too bad we don't have any way to reduce spending while increasing taxes to close the gap.

Our leaders have utterly failed.
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by ppaulville October 23, 2011 1:11 PM EDT
This article asks the wrong question, which is typical of the media, which has become a political force unto itself. The question should be, "Why, when the U.S. takes in almost $3 trillion in tax collections annually, should ANYONE pay more?"

When the government pays tens of billions for ships and planes the military doesn't want, and multi-million dollar experiments like shrimp on a treadmill, something is truly wrong within our government. And the problem is NOT who the next burden should fall on to pay for stupid junk. We are broken. The tires are coming off the wheels, and the solution is not more air in them.
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by DebbieCorona October 23, 2011 1:06 PM EDT
Economically and morally the wealthy should pay more. They did not get there on their own, they have been given much and should give much. I'm an independent but was a republican for 35 years. They changed their platform from a small strong central government to an inflated corporate plutocracy. Had hopes for Romeny but in the last 30 days with his courting and receiving support from the old G. W. Bush administration (Cheney, Rove, Daniels, Jeb Bush and the several Bush advisors he hired) he is a no go. GOP has nothing so I will be voting for the lesser of the evils and today that is Obama. He is weak spined but he's got more than what the GOP has offered.
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