I heard an interview with Jim Clyburn, now one of the "Tremendous Twelve" (my term) that makes up the ridiculous budget and debt reduction committee, and he was going on about how he wants to fix the condition where he says that corporations and high wage earners pay no taxes due to utilization of the tax code (he calls them "loopholes."). He wants to reduce the "wealth gap" (his term) by getting these people to pay taxes and take the burden from middle America.
Tax relief would be very welcome. We are grossly overtaxed because government is too large. A more efficient, constitutionally appropiate government could get by on a tiny fraction of what they have now.
Aside from the fact the the higher wage earners are paying most of the tax revenue in this country, what about all of the lower wage earners who are paying no taxes? Any thought to getting them back to work or eliminating some of the credits so they could participate in funding the government? Are they a protected class just as the welathy is the targeted class?
This committee will not reduce spending and will likely recommend or directly contribute to to an increase the debt ceiling and net spending.
───
For more information on my coaching and educational programs and services, visit my website stevehoffacker.com, or go to my other bloghomesalesinsights.com for additional sales tips, insights, and commentary. Listen to my free podcast messages at Steve Hoffacker's Happenings.
Steve Hoffacker - Consultant, Coach, Author, Blogger, Photographer, Motivator, Teacher, & Strategist - for Realtors, Real Estate Sales Professionals, Home Builders, New Home Salespeople, Entrepreneurs, Small Business Owners, and Independent Sales Representatives.
© Steve Hoffacker, 2011. All Rights Reserved.
