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Politics : Foreign Affairs Discussion Group

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To: geode00 who wrote (262372)	4/23/2008 1:44:05 PM
From: TimF	Read Replies (1) of 281500

There isn't some hard exact limit where X dollars, is too much, and X-1 isn't. In many ways our current level is too much, its enough to be harmful. But while harmful its a level of harm our economy can deal with. As the real cost goes up by multiples that will be the case to a lesser and lesser extent. How do you like being an apologist for the ultra wealthy who have received outsized tax breaks under Bush and get to pay a 15% tax rate when they can finagle it? I support lower tax rates in general (lower for everyone than 15% if it could be managed would be great), but I am not in favor of targeted tax breaks. While decreasing the rates, I would support eliminating almost all breaks. Possibly even eliminating the mortgage interest deduction (even though I personally benefit from it). Let me get another hankie to cry for their tax burden while I ignore those 700,000 (!) bankrupted by medical bills. I support lower rates not just for the sake of the rich, but for the country as a whole. High tax rates harm the country, and contribute towards people being bankrupt.

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