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Mattwall1 October 20th, 2013 5:02am

Is the ultimate solution to lowering the current debt raising taxes (not extremely, slight raises) and responsible (ie NOT something like 30% in one year) cuts to discretionary spending?

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makem Chinese Xinjiang Camp
10/21/13 4:43 pm

Discretionary spending isn't as big an issue as mandatory spending IMO

steelcity Pittsburgh
10/20/13 5:35 am

Responsible cuts to spending yes.
Elimination of foreign taxes. Reduction of corporate taxes.

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rons Thanks America
10/20/13 4:54 am

Pelosi said there is nothing to cut an she should know. The spent 385 B after the agreement to 17 T +. they ask for 2.4 T budget and get 2.2 T so they cut the budget by .2 T. stop spending now! But pork rules.

skinner Jersey City
10/20/13 4:43 am

No we need more drastic efforts, and it would take a lot of negotiation to convince me to accept even modest tax hikes. We have a spending problem not a revenue problem.

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bethanyq Ess Eff
10/19/13 11:24 pm

Long term yes, but we need to be extreme careful about spending cuts in the short term. The "recovery" is precarious as it is. I wish there were a clever way, too, to keep the extremely wealthy from sending American money offshore. It's almost theft.

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Mattwall1
10/19/13 11:26 pm

I know some have suggested tax breaks for those that rerun, the problem is as soon as they expire, they go back off shore, only to come back a bit later to get the tax break

bethanyq Ess Eff
10/19/13 11:28 pm

Right. I hate that America is the only country that charges its citizens income tax no matter where they live/earn $, but by the same token when you have so many Americans gaming the system like this, what else are we to do? Not rhetorical btw.

Mattwall1
10/19/13 11:35 pm

Bethany, as of now, Im honestly not sure.

bethanyq Ess Eff
10/19/13 11:40 pm

Neither am I :-/

Nice mess they left us under-40s with, yeah?

Mattwall1
10/19/13 11:45 pm

Why do you think I want to do my part, obviously voting et al, but possible run for office

rons Thanks America
10/20/13 4:57 am

If a company returns (no sure who left) they must stay for X year to get a tax deal. They could figure out penalties.

rons Thanks America
10/20/13 4:57 am

If a company returns (no sure who left) they must stay for X year to get a tax deal. They could figure out penalties.

ModerateGOP26 Maine
10/19/13 10:43 pm

Need way more than minor cuts. Period.

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Mattwall1
10/19/13 11:08 pm

I never said dint do 30%, I said doing that in one year is probably impossible and likely to be considered irresponsible although looking back on it I probably shouldn't have put that in there

ModerateGOP26 Maine
10/19/13 11:23 pm

I'm not opposed do tax increases to foster fiscal responsibility. I'm opposed to targeting successful people as if they were born with a silver platter and demanding they contribute to this tax increase more than everyone else.

ModerateGOP26 Maine
10/19/13 11:23 pm

To* not do. I've been HORRIBLE at typing on my phone tonight!

Mattwall1
10/19/13 11:25 pm

All I said was tax increase and spending decrease. Where and what. For what you would do, that's ultimately up to you. Assuming this ever got through congress (I doubt it but say it does) that would be up to them although at least this allows for many opinions to be shared through this poll

bethanyq Ess Eff
10/19/13 11:26 pm

I agree that no one should be *targeted* but by the same token, IMO it is WRONG that my husband and I pay a higher effective tax rate than people like Mitt Romney. We need to be better about making sure ppl pay their fair share under existing law.

ModerateGOP26 Maine
10/20/13 12:17 am

Exactly, so cut loopholes, but don't pile near 40% federal income tax with my state taxes and make us give over 50% back while there are absurd loopholes that can be circumvented... I'm sure most were concerned with social issues, but that's what...

ModerateGOP26 Maine
10/20/13 12:17 am

... most Republican candidates have been calling for for a long time now.

bethanyq Ess Eff
10/20/13 12:18 am

I generally agree, although I will interject a reminder that marginal rates =/= effective rates.

ModerateGOP26 Maine
10/20/13 12:37 am

And not to be offensive, but I know how to do our taxes. When it's all said and done and we pay everything that we have to pay, we keep just under 50%.

curly
10/19/13 10:32 pm

Entitlements are considered non discretionary, yes? That is where all the money is. Really, I think they need to be re-worked. There's got to be a way to make them more effective, for as much money is spent on them. I don't know how personally, tho.

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MJSeals Esq.
10/19/13 10:14 pm

If we don't start now (which is almost impossible) this is what we are going to have to do

PartyJustin R.O.C.K. in the R.O.C.
10/19/13 10:10 pm

It's always somewhere in the middle.

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Mattwall1
10/19/13 10:11 pm

Would this qualify as close to the middle?

PartyJustin R.O.C.K. in the R.O.C.
10/19/13 10:13 pm

Yeah, I think so. Although then you get into the details of *whose* taxes to raise and *what* exactly to cut. Are you talking across the board?

Mattwall1
10/19/13 10:16 pm

In theory at least yes. I know the ny times has a thing where you can cut the budget based off certain options and my class mostly just cut cut cut, nothing like this, despite my teacher pointing this idea out.

PartyJustin R.O.C.K. in the R.O.C.
10/19/13 10:22 pm

I don't really like the idea of across the board cuts, but reasonable cuts to certain programs would be fine (I'd personally cut military spending first). As far as taxes, it'd probably be best to close some loopholes before raising rates.

Mattwall1
10/19/13 10:23 pm

Fair enough. I only said across the board as that's the only thing I could see passing, although with this congress, I don't really see anything major passing without hurting us severely first

alek12 Orlando
10/19/13 10:07 pm

We've raised taxes. Time to cut spending.

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EnderWiggin So disillusioned...
10/19/13 10:13 pm

We've CUT! Look at unbiased numbers on deficit reduction!!!
Stop giving corporations tax rebates!!!

alek12 Orlando
10/19/13 10:16 pm

We haven't cut enough and haven't cut where we need to.

I am in agreement that we need to stop giving business tax breaks and subsidies.

alek12 Orlando
10/19/13 10:17 pm

But I don't support increasing taxes on income. Closing loopholes would be nice.

What would be better, is replacing our system with the fair tax system.

EnderWiggin So disillusioned...
10/19/13 10:26 pm

I agree we the people pay enough... that earn it.
Inheritance, capital gains are not earning money. Paying GE, Exxon, et al tax rebates is INSANE.
"Fair" taxation is regressive as percentage of income. Do not support.

alek12 Orlando
10/19/13 10:29 pm

The fair tax isn't that. It repeals all taxes and replaces it with a tax on something purchased. So they only way a person or business is taxed, is when they decide to spend their money.

Business will just pass the cost on to us no matter what.

EnderWiggin So disillusioned...
10/19/13 10:39 pm

As I said, it is REGRESSIVE. Romney buying bread and you buying bread. As %age of income, who is getting the better deal? Synonyms of regressive, unequal, unfair. DO NOT SUPPORT.

alek12 Orlando
10/19/13 10:43 pm

We're paying the same price. How is that not fair???

ModerateGOP26 Maine
10/19/13 10:45 pm

How is capital gains not eating money?! Do you understand the terms "earning" and "money"?!

EnderWiggin So disillusioned...
10/19/13 10:55 pm

You break rocks, get wage. Earned.
You inherit stock, house, land, and sell. You call that earned? Those that do are lying to themselves about that and a wealth of other things.

alek12 Orlando
10/19/13 10:57 pm

It's peoples right to pass those things on to their children and they shouldn't be taxed. Many were ALREADY taxed on when originally earned.

EnderWiggin So disillusioned...
10/19/13 11:04 pm

Fool yourself id you will. This country was founded on ENDING DYNASTIC POWER. How do you keep power? With all the "free speech" you can keep your hands on.
And all I was talking about was the gains on selling was NOT EARNING them. Please read.

ModerateGOP26 Maine
10/19/13 11:25 pm

That was in the 1700s, man.

EnderWiggin So disillusioned...
10/19/13 11:42 pm

Yes. The powers have concertedly concentrated themselves time and again. The last time they had to be taken down a peg or two was in the 1930's. It was the Powell memo that gave them the game plan that has truly come to fruition in the last decade

kscott516 Masks fail
10/20/13 5:20 am

Lowering the deficit is NOT cutting spending. It's spending less than what was asked for yet still more than the previous year. And why are you ok with punishing savings and investing? In regards to the fair tax, those that make more will spend more

kscott516 Masks fail
10/20/13 5:21 am

and ultimately pay much more in tax. Do you have the money to spend $10K/night in a hotel? Think of the tax money there by celebrities and businessman. They spend tons of money to try to earn new business.

AngryAngel Oswego, IL
10/19/13 10:04 pm

To make up for our spending we would need to tax everyone in the country 100% more. We obviously can't do that. The solution needs to be found in reducing the size of our government to compensate for retirement benefits for all public employees.

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Mattwall1
10/19/13 10:06 pm

No one is saying pay the debt at once,vehicle would call for that kind of taxation. If you cut government, are you also going to lower taxes on your plan?

AngryAngel Oswego, IL
10/19/13 10:09 pm

Our government makes 1.87 trillion a year (that number may be 'slightly' off) and spends over 3 trillion a year. Before we even tackle the debt accumulated, we need a solid budget that doesnt put us in the red.

AngryAngel Oswego, IL
10/19/13 10:10 pm

And no, I wouldn't raise taxes. The taxpayers didn't get the country into this mess, our leaders past and present did.

Mattwall1
10/19/13 10:10 pm

That's fair. If you cut spending AND taxes, you're still not dealing with the debt, just spending.

Mattwall1
10/19/13 10:11 pm

Would you keep taxes at where they are now, or lower them?

AngryAngel Oswego, IL
10/19/13 10:12 pm

Keep them where they are, finding things to cut is hard enough, our government needs a "steady paycheck" to figure things out.

Mattwall1
10/19/13 10:13 pm

Ok. Tap hat at least can help deal with the debt to some extent.

Mattwall1
10/19/13 10:14 pm

How would you cut and how fast would you?

AngryAngel Oswego, IL
10/19/13 10:21 pm

I really don't know. I'd probably start with closing some of our military bases overseas.