As for a 60% tax rate on the rich, what do you think that would do to where they invest their money? Think they would keep it here, or take it off shore to lower tax havens?
We didn't have a budget for last year either because the demo's didn't want to show what we now know was yet another 1.3 TRILLION dollar spending spree.So we are two months from the date the president set for these folks to report out. We do not even have a budget for 2010-2011 yet.
Before we make the tax code more complicated, why not scrap the entire thing and make it easier.I would like to see the comittee's recommendations voted like the base closings staight up or down. The process gets screwed up by changing tax policy before the vote.