BoatBanter.com - View Single Post

jps

On Thu, 05 Aug 2010 13:14:52 -0400, wrote:

On Thu, 05 Aug 2010 09:55:09 -0700, jps wrote:

On Thu, 05 Aug 2010 12:04:17 -0400, wrote:

On Wed, 04 Aug 2010 21:43:56 -0700, jps wrote:

On Wed, 04 Aug 2010 20:48:19 -0400, wrote:

On Wed, 04 Aug 2010 16:18:15 -0700, jps wrote:

All I've heard about are proposals to extend the Bush tax cuts.

Oh no, they want to make 'em bigger!!!!

I have heard some convincing arguments that they should just let them
all expire. Anything else will require another 2000 page bill with
loopholes for someone.

Why wouldn't they simply renew the cuts for all but the top %?

You mean they wouldn't leave well enough alone?

Because nothing is that simple in Washington. To do anything with the
original tax cut legislation they have to pass a new bill and to get
that done they have to make 217 congressmen and 60 senators happy.
These days it seems to take at least 2000 pages of unintelligible
language that nobody reads, before the vote on, for that.
Do you have any idea how many special interests it takes to elect 277
people to congress? The answer is in the tax code. That is why it is
the size of a dozen big city phone books.

Well then, I say let 'em all go fallow.

That was the argument I heard. The advantage is, it requires nothing
be done to accomplish it and that is what this congress does best ...
nothing.
The only problem is everyone will get a tax hike and that will be
regressive.
Personally I don't think we pay enough to support what the government
spends and most of the future spending is not discretionary.

On this we agree. A pleasure to be in good company.