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Closing tax loopholes and eliminating subsidies are not TAX increases. Tax loopholes and subsidies are programs to promote certain economic activity or development. When the goal of those programs have been satisfied or the programs abandoned, the loopholes and subsidies should end. There are many that are long over due.
What is long overdue are “real” spending reductions, the revenue increases have already happened. And will Harry Reid and the Senate ever bring an actual budget plan to the floor for a vote? Why 100 U.S. Senators receive a paycheck is beyond me.
Don't meet with Obama - it's a trap! Boehner and McConnell have learned nothing from the previous times they were hoodwinked.
Removing loop holes is one thing that needs to be done, but lets do the balanced approach. That means looking at spending cuts also. If the government brings in only 2.5 trillion in revenue (taxes) than the government should only be spending 2.5 trillion dollars.
So if we got rid of the mortgage interest deduction that would not be a tax increase, just closing a loophole?
If we got rid of the Senate all together that would save about $1bil a year. After seeing all the headlines I'm not quite sure what they actually do.
After seeing all the headlines I'm not quite sure what the US Senate actually does:-- The US Senate collects money from lobbyists inn the form of campaign contributions and kickbacks to unsure that the lobbysists get a return on their investments (pork).
If we got rid of the Senate all together that would save about $1bil a year. After seeing all the headlines I'm not quite sure what they actually do. ************* Same with the president.
Instead of tax increase how about we close down the Department of Education ($70bil), Department of Commerce ($8bil) and then cut all the fluff like the Senate barbershop which loses $300k a year. Why can't a Senator just pay for his haircut on their own.
Let the sequester happen. It's only a start at it, but it's the only way the Republicans will agree to cut the bloated Military, whose budget has doubled in just 10 years. They could easily cut 50%.
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