We must not cherrypick deductions (i.e. subsidies.) That is just rearranging the chairs on the Titanic.
Change the tax code to provide for a more equitable and less confusing tax code. The majority of taxpayers would reap a huge financial benefit if the whole tax code were revised. Billions would be saved in tax preparation fees if the tax code were made manageable, probably more than the so-called “subsidies” cost the government annually. It is an indefensible joke from any “common sense” standpoint that the tax code and regulations weigh more than I can bench press.
If “taxpayers” want to take a “common sense” approach to making the tax code fairer for everyone, quit trying to add complications with attacks on tax breaks and focus on the real problem — an unfair and too complicated tax code.
Obama inherited deficit he helped to create
To the editor:
If you wish to support Obama, that’s fine. But let me be perfectly clear about Obama inheriting a huge deficit from Bush.
Budgets do not come from the White House. They come from Congress, and the party that has controlled Congress since January 2007 is the Democratic Party. They controlled the budget process for FY 2008 and 2009, as well as FY 2010 and 2011. In that first year, they had to contend with Bush, which caused them to compromise on spending when Bush, somewhat belatedly, got tough on spending increases.
Democrats Nancy Pelosi and Harry Reid bypassed Bush entirely, passing continuing resolutions to keep government running until Obama could take office. At that time, they passed a massive omnibus-spending bill to complete the FY 2009 budget. And where was Obama during this time? He was a member of the very Congress that passed all of these massive spending bills.
If the Democrats inherited any deficit, it was the FY 2007 deficit, the last of the Republican budgets. That budget was the lowest in five years, and the fourth straight decline in deficit spending. After that, Democrats in Congress took control of spending. If Obama inherited anything, he inherited it from himself.
In 2005, and again in 2007, Bush requested that Congress put some controls in place, to control Fannie Mae and Freddie Mac’s prime lending practices. But he was totally ignored. Then came the 2008 economic fiasco produced by the sub-prime lending of money to people who could never afford to pay it back.
This is one taxpayer who is tired of the “blame Bush” crowd trying to justify the failure of the economy of the past five and a half years under Democratic control. Hopefully, the gridlock in the Senate will end in November and put the country back on the right track.
David M. McGaha