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FEDERAL BUDGET: U.S. has a revenue problem

Letter by Timm C. Stone, Lake Tapps on April 4, 2011 at 1:45 pm | 94 Comments »
April 4, 2011 1:45 pm

With the possibility of a looming government shutdown, it’s really worth considering what dug the hole we’re currently in. All we hear about – thanks primarily to the corporate right wing media – is that spending cuts are the only salvation for our country’s woes.

The Republicans seized control in the House with the promise of creating more jobs and solving our fiscal problems. Have they delivered? I’m curious about how the EPA, Planned Parenthood, NPR, Head Start and any of the other programs on the conservative hit list have put our country in such jeopardy. This is a classic bait and switch – identify a problem, promise a cure and then focus on something totally unrelated as the solution.

How about talking about the elephant in the room? We have a revenue problem. Why have two major wars been funded with no financial sacrifice by Americans? Why was an expensive Medicare giveaway to the pharmaceutical industry not funded by tax increases? Why has the gap between the rich and poor – with the middle class in the crosshairs – widened to the point of where it was just before the Great Depression?

How can a company like GE generate over $14 billion in profit and not pay a cent in U.S. taxes? Why have the Republicans blocked legislation that would forbid corporations from moving jobs overseas and then claiming a tax benefit as an added bonus?

Face it: You are subsidizing millionaires and billionaires. How are they thanking you?

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