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Reduce mortgage tax deductions, possibly cap it at $5K/year.
Make capitol gains taxes progressive. Reduce the estate tax exclusion to $500K |
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All I see is more "take from the rich". So do you see the problem as too little revenue? I see it mostly as too much spending. Spending must be cut. After that we can talk about increased revenue. |
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50+ years before you decide that the rich have it so bad now. Never have so few had so much. Military spending is irrationally high. |
How about if President Obama were to implement the changes that his own team, charged to fix the spending/deficit/debt problem, sent him? As far as I can tell he hasn't read the damned thing.
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No leadership whatsoever.
He's done nothing, zero, zip, nada to reduce any government spending. He needs to go. |
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However, I neglected to add he is INCREASING spending. |
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If you read back to my original post on page one of this thread, I listed cuts everywhere, including military. |
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Useless too. ;)
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Obviously, that's not the only reason our deficit is bigger. |
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You get less of whatever you tax, and more of whatever you subsidize. |
Hell of a way to run the railroad.
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Mortgage interest deduction could be on the table. It's interesting that historically we created the incentive for home ownership, but seemingly ignore renters.
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