Tag: taxes
The Republican candidates have made it very clear that increased revenue should play no part in the effort to restore fiscal balance. As a result, all the balancing is accomplished through cuts to programs, including those that many retirees rely on such as Medicare. Moreover, a recent analysis of Governor Romney’s tax proposals by t…
The Congressional Budget Office projects that, with the current trajectory of taxes and spending, debt will rise from its current level of about 70% today to nearly 95% in ten years and twice that high by 2040. It is inconceivable that we can avoid such an outcome without raising taxes. But the current tax debat…
