[net-gold] UNITED STATES: GOVERNMENT : GOVERNMENT: BUDGETS AND BUDGETING : TAXES AND TAXATION: The Truth About Taxes
- From: "David P. Dillard" <jwne@xxxxxxxxxx>
- To: Net-Gold -- Educator Gold <Educator-Gold@xxxxxxxxxxxxxxx>, Educator Gold <Educator-Gold@xxxxxxxxxxxxxxxx>, net-gold@xxxxxxxxxxxxx, Net-Gold <Net-Gold@xxxxxxxxxxxxxxx>, NetGold <netgold@xxxxxxxxxxxxxxx>, Net-Gold <net-gold@xxxxxxxxxxxxxxxx>, K-12ADMINLIFE <K12ADMIN@xxxxxxxxxxxxxxxxxxx>, K12AdminLIFE <K12AdminLIFE@xxxxxxxxxxxxxxx>, MediaMentor <mediamentor@xxxxxxxxxxxxxxx>, Digital Divide Diversity MLS <mls-digitaldivide@xxxxxxxxxxxxxxx>, NetGold <netgold@xxxxxxxxxxxxxxxx>, Net-Platinum <net-platinum@xxxxxxxxxxxxxxx>, Sean Grigsby <myarchives1@xxxxxxxxxxxxxxx>, Net-Gold <NetGold_general@xxxxxxxxxxxxxxxxx>, Temple Gold Discussion Group <TEMPLE-GOLD@xxxxxxxxxxxxxxxxxxx>, Temple University Net-Gold Archive <net-gold@xxxxxxxxxxxxxxxxxxx>, Health Lists -- Health Diet Fitness Recreation Sports Tourism <healthrecsport@xxxxxxxxxxxxxxxx>, Health Diet Fitness Recreation Sports <healthrecsport@xxxxxxxxxxxxxxx>, HEALTH-RECREATION-SPORTS-TOURISM@xxxxxxxxxxxxxxxxxxx
- Date: Sun, 7 Aug 2011 01:23:23 -0400 (EDT)
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UNITED STATES: GOVERNMENT :
GOVERNMENT: BUDGETS AND BUDGETING :
TAXES AND TAXATION:
The Truth About Taxes
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The Truth About Taxes
Published: August 6, 2011
New York Times
Sunday Review
Editorial
http://www.nytimes.com/2011/08/07/opinion/
sunday/the-truth-about-taxes.html
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A shorter URL for the above link:
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http://tinyurl.com/43zz55x
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A week later and we are still amazed at how the Republicans in Congress
pulled it off. They held the economy hostage, won some cheap political
points, and all of us will spend the next decade paying the ransom as
government programs $900 billion over 10 years in the first round are
slashed and the recovery is put at risk.
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The only glimmer of hope is that the battle is not completely over if
President Obama is finally willing to fight.
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Under the terms of the ill-conceived debt agreement, Congress has to
propose another $1.5 trillion in deficit reduction measures by December.
Just to ensure that rationality does not have a chance, Republican leaders
said they would not put anyone on the deficit-cutting super-committee who
might entertain the idea of raising taxes.
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A week later and we are even more amazed by the failure of Mr. Obama and
the Democratic leadership to stand up to this intransigence. If they do
not start pushing back, with the same ferocity, the results will be
disastrous.
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Standard & Poors made its judgment about both the political standoff and
the all-cuts, no-new-revenues deal on Friday when it lowered the countrys
long-term debt rating one notch, down from AAA. And while no new taxes
pledges are almost always big political winners, Americans are also
figuring out that the country cannot keep on this way. According to the
latest New York Times/CBS News Poll, 63 percent support raising taxes on
households that earn more than $250,000 a year to help address the
deficit.
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If that is not enough to energize the White House, here are a few more
facts. To avoid across-the-board cuts, Congress must enact at least
another $1.2 trillion in deficit reduction measures over the 10 years. For
all of the talk of big government, there is no way to cut that much in
discretionary programs without crippling basic functions. Lawmakers could
eliminate the Federal Bureau of Investigation, Pell Grants, the Centers
for Disease Control and Prevention, the National Institutes of Health and
Head Start and still not cut $110 billion annually.
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snip
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Additional Topics Covered in This Article:
LET THE BUSH CUTS EXPIRE
MAKE REAL REFORMS
TARGET TAX BREAKS AND LOWER RATES
OTHER TAXES
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The complete article may be read at the URL above.
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Sincerely,
David Dillard
Temple University
(215) 204 - 4584
jwne@xxxxxxxxxx
http://daviddillard.businesscard2.com
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