Cloud with a Rust Lining
Late last night I read another article stating that this new 'Cut, Cap and Balance' legislation will also eliminate some tax loop-holes that have been used and abused for years. That is good news, but it is not enough to correct this current budget problem nor does it make up for "cutting and capping" programs allowing those in need to survive. The cuts they have approved which impact the poorest, disabled, and neediest still overshadow any good whatsoever and are a terrible crime. The article also mentioned that no tax rates under this new legislation will be above 29%... I bet those with the money to pay will not be paying anywhere near 29%! Only those making little money, with no deductions, no exemptions will be paying that. So, it will be those whom cannot afford to pay 29% (single guys with no dependents with new, relatively low-paying jobs) that will more than likely be paying 29%. Wouldn't it be more effective to...