Moody: Neither current plan will do dick to protect the AAA rating

We know.

Only the following would avoid a downgrade:

*Obama's $4 trillion plan (that increased revenue)

*the Gang of Six's $4 trillion plan (that increased revenue)

*Coburn's $9 trillion plan (that increased revenue)
 
We need to renege all the spending bills. Increasing taxes at this point really isn't going to result in increased revenue. People will find a way to not pay as much through the numerous loopholes.
 
Democrats have been talking about simplifying and streamlining the tax code, eliminating the loopholes/credits/subsidies, decreasing the overall rates but still high enough to generate more revenue. That's what this fight over tax reform has been about in the Debt Ceiling talks.
 
No.

Haven't you been paying attention?

We'd still have the brackets. Just eliminate the loopholes and subsidies.

That's what Obama, Reid, Schumer, Durbin, etc. have been fighting for the last few weeks. That's what the Republicans are against, why they walked away from Obama's plan.
 
No chance of getting as big a change as that before Tuesday. We can have more tax reform and entitlement reform, after the Debt Ceiling vote.
 
Pretty fucking much. The government should make do with the amount of money they're stealing from the people, not demand more.
 
So you think corporations like GE should continue to pay actually $0 in taxes?
You think we should still give money to companies like BP and ExxonMobil, as if they can't without government subsidies?
 
Do you like your job? Or would you rather it go to india/china?

Do you like paying high gas prices? Because every dollar we tax oil/gas, goes right onto the price of gasoline (and other petrochemicals). Corporations DO NOT PAY TAXES! Consumers do.
 
ITT so-called Constitutionalists defend "stealing additional tax money" from the People in order to dole out special favors and corporate welfare. LOL
 
No you idiot. I am not a proponent of taxing people and giving it to corporations. But I would rather a company pay $0 in taxes than deport my job overseas because it's cheaper there, which is what this country is heading towarRAB if we don't curb all this corrupt pork spending and entitlements.
 
protip: People pay for our large entitlements, Social Security and Medicare.



OH NOES! The FeRAB dare spend a lot of money on shit that people paid a lot of money into.
 
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