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We have a revenue problem?
Obama and liberal Democrats claim that they need more revenue (taxes) to cover spending, since we know the amount of revenues asked for will not cover the need why only raise taxes on 2% of the population?
Please read the question
It says if we have a revenue problem and raising taxes will fix it why on raise taxes on 2% of the population and the amount raised will not cover the amount needed?
10 Answers
- righteousjohnsonLv 78 years agoFavorite Answer
Saying that we have a Revenue Problem is just a rationalization of the fact that we can't afford ourselves.
The idea is to intimidate or otherwise impoverish the Private Sector. The sole beneficiary of all this is the State. The poor will still be poor, only there will be more of them.
We as a country need to understand that the Government will never make you as rich as you neighbor, and that they can only make your neighbor as poor as you.
- wayfaroutthereLv 78 years ago
They need to do more to fix the deficit on both sides of the equation, but the answer to your exact question is that bringing in more revenue will cover part of the amount needed. Now they just need to figure out what to do about the rest of that amount. It's better than doing nothing, but it can't stop there.
- ?Lv 78 years ago
Any extra revenue we take in now is money we don't have to take in later. The same question could be asked about any deficit reduction measures that don't immediately close the deficit gap, including the Ryan Budget (which IIRC doesn't balance the budget until 2030 or so).
- Mike SLv 68 years ago
Well, lets look at the sequestering that got the original tax breaks truly in motion & how democratic that process was before you bring up the subject of being "robbed".
- HereticLv 78 years ago
Simply allowing the capital gains tax to go back where it should be will bring in $464 billion dollars between 2013 and 2015.
- 8 years ago
Because if he goes through with it, everyone will feel safer. Leaving out the fact, of course, that even increasing taxes on the most wealthy 10% wouldn't even come close to fixing the deficit.
- I know youLv 48 years ago
Because that 2 percent own 90% of the wealth in the nation.
Source(s): That is why - StevensonLv 68 years ago
Yes,we do and neither seems to have any grand ideas for fixing it ...but the 650 bill military budget passed unanimously for the world police program.
- KaciLv 58 years ago
This is how the Dems get their foot in the door. We have three more disgusting years of this sorry administration.....you can bet our issues here in the US will only grow worse.