Income tax surely needs to be hiked on income over say, $45-55K.
I have yet to see any evidence that income tax should be raised on people making $45-55k. In fact, I think that is a terrible idea but you seem quite convinced. I make considerably more than that and I am struggling right now to keep my family of 4 afloat. I have even taken many steps in the past 2 years to save money and I'm still struggling to keep my credit card debt down and my mortgage paid. Some things we have done to save money:
- Got rid of the housekeepers that came and cleaned our house once every 2 weeks
- Got rid of cable TV
- Switched from my own cell phone plan to my parents' family plan (note that I am grandfathered into VOIP service with Ooma that is absolutely free so we don't pay anything for home phone service)
- Stopped eating lunches out every day at work (instead I only go out to lunch on Fridays and pack my lunch Monday-Thursday)
- Stopped playing in my weekly pool league (which also cuts down the amount of beer I drink as well)
- Cancelled gym memberships and instead just run, bike, and do workouts at home
Etc. etc. There are probably other things I could cut back on as well. Maybe I don't need to contribute as much money as I do to my 401k? Maybe I could contribute a bit less to my college savings funds for my children -- though I'm kicking in very little each month (right now). Note that I don't drive fancy cars by any stretch of the imagination. I have a Ford Focus that I bought used and my wife drives a Ford Escape that is nearly paid off. I have seriously considered selling the Focus and having a single vehicle between us.
I agree we could increase the marginal tax rate on a few of the highest earners, but increasing it on people that make less than $55k/year would give the already strained low and middle class even less spending power. While I generally tend to agree with almost everything you have said, this is one idea I think is terrible, especially when we are trying to revive a sluggish economy.
I understand your guys point, I like romney, I've always been a republican and probably always will, I do agree with some democratic views. To me, I think Obama has proven to America that he can't get the job done so now its time to give someone else a chance
I think Obama has proposed a lot of great ideas and the Republicans in the House are unwilling to back any of them because they include small tax hikes on some tiny percent of Americans (who are insanely wealthy and would have no problem paying a bit more in taxes). So I think it's less Obama's fault and more the fault of Congress. Just the other day the House voted for the 31st time to repeal the Affordable Care act. 31 times? Really? Get over it and start doing something useful that will improve the economy instead of wasting time playing political games. If there is any proof that Congress is ineffective just look at all of the ridiculous games of chicken they played with the debt ceiling debates, the recent package including transportation projects and student loan percentage, and so on.
Instead of working together as a team to do what is best for the American people they just bicker with each other until the 11th hour (for their own political show), and then pass a watered-down version of what really needed to be done -- typically just a temporary extension that kicks the can down the road for another few months. And in another few months we wind up having the same debates all over again. That's not progress, it's insanity. So is proposing legislation 31 times in a 2 year period and expecting the results to change. Maybe if it were a 200 year period and/or the makeup of Congress vastly changed but it hasn't. So they're doing the same thing and expecting different results when the results aren't determined by random chance.
Yeah, Obama already has a plan for illegal aliens. Legalize them all, and sign them up for affirmative action and welfare programs to keep new constituents happy.
Providing illegal aliens a path to citizenship is not such a bad idea if they are actually working. There are probably some small number of people that just want a free ride but the majority of them I can only imagine just want to be successful and take care of their family like everybody else. Offering them a path to citizenship actually means increased tax revenue because if they are illegal right now they are either using someone's stolen identity to get hired, or they are being paid under the table by employers (which means no taxes are being paid).
I don't seriously believe anyone out there wants more people on welfare, just like I don't seriously believe anyone out there wants more abortions to occur. But I have yet to really review this so I have no definitive opinions on it yet. If parents bring their children to this country illegally it's not the child's fault so if they are being productive in society I don't see why we shouldn't at least offer them a chance at citizenship. Again -- I think they have to earn it though (high grades in school and/or a strong track record of employment, assuming they are old enough). If the person shows no initiative and has a record of being in and out of jail, etc. then we should kick their ass out of the country and definitely not offer them citizenship/throw them on welfare. But I don't think anyone is legitimately looking to do that.
Again, everything needs to be thoroughly scrutinized on a case-by-case basis and the few cases that have solid merit should maybe be offered a reasonable path to citizenship. Again, if they are legitimate citizens this does mean additional taxes will be collected so that's good right? There is no path to citizenship at the moment and it doesn't seem to stop people from coming here yet -- might as well collect some tax revenue from them if they are going to be here anyway...
How do you expect President to create jobs directly? By expanding the government and filing the positions with incompetent idiots? Those are not real jobs, and benefit a minority at the expense of the majority.
Romney did what was best for his company, and we need a President who will do what is best for the country.
Obama's approach to solving problems is throwing money at it and finding someone to blame. And what about his recent semi-amnesty with the right to work? This will only increase unemployment among the citizens of the United States.
Note that McCain was campaigning that we needed to bail out the banks so he wanted to "throw money at the problem" as well. In fact, I think that most politicians want to throw money at problems -- they just differ on out how to cover the costs of it. The Right suggests that we need to cut wasteful spending and the Left wants to raise taxes, particularly on the wealthy. However, "wasteful" and "wealthy" can have some seriously drastic definitions!
Also, Obama has proposed many projects that don't necessarily create federal jobs -- it's really more about using federal dollars to hire private companies to do work (build roads, bridges, communication networks, and so on). The plan isn't just to create new departments in the federal government and hire everyone to work for it.