hello america!!! the 'buttet rule' did not pass the senate yesterday &, the dems knew it wasn't going to pass in order to paint the repubs in a dark corner & yet, they, & obama, spent all that time & energy on it just to be able to say that the repubs support the 'fat cats'.
in case you didn't know, the bill would have raised the tax levels for those in the 'millionaire club' however, even if the bill did pass, it still would not have raised enough money to even dent the deficit.
firstly, the dems could have & should have spent that lost time on something that would have really helped this nation.
secondly, the dems want to plug those 'loop holes' that allow millionaires to take advantage of paying their taxes at a lower rate &, if they're going to do that, then they should also close those loop holes that allow american workers not to pay any federal taxes...&, this is the touchy one...close that loop hole that allows people to receive tax refunds without having paid any taxes at all.
the whole irs system needs to be overhauled but, to do it in the manner that obama & the dems tried, is just plain wrong. piece by piece is not the way to proceed. yes, they need a committee to figure out how to tackle the whole thing at once & keep it simple.....
those making so much, pay this amount; those making less, pay this amount; those not making anything receive no refund...i guess this boils down to a flat rate for everybody...
what really bothers me is obama is talking all this crap about the 'rich' finding 'loop holes' & yet, he's the very same one running around the country offering those very same 'loop holes' to anybody that buys whatever he's promoting....i.e; his 'cash 4 clunkers' program, his 1st time home buyers program, his $7,500.00 tax break for anyone buying the chevy volt.
now, please tell me i'm stupid but, if i had a business that could afford to buy 5 chevy volts for that business & could write them off as a necessary business expense, i'd be credited with $37,500 worth of tax breaks plus whatever the irs granted me for the 5 chevy volts...
seems to me that obama is once again talking out of both sides of his mouth...& yes, he wants it both ways.
obama, you want to close tax hole loops & yet, at the same time, you continue to make them.
