Raise Taxes, But Equitably (8/2/11)
No one could believe more than I do that there's no way to correct America's current economic dilemma without seriously cutting expenses. Over-generous entitlement programs, bloated defense spending, wasteful pork barrel projects - you name it, and we're spending far more than we should.
But this doesn't mean we can afford to simply do away with ALL entitlements, defense spending, or infrastructure maintenance. And the truth is, even if all our expenses were pared back to justifiable levels tomorrow, America isn't currently taking in enough money to pay for everything.
So we also need additional revenue. And the only way I know to get it is to increase taxes.
I know the Tea Partiers insist Americans won't stand for that. But I believe most Americans would -- if they knew everyone, at every income level, was shouldering the burden proportionately and that every penny collected was being spent responsibly. If that were the case, the overall impact of a tax increase on everyone could be minimized, but the cumulative effect would be monumental.
If we can eliminate the frivolous and re-establish the genuine worth of what our government really should be doing for its citizens, I'd be more than happy to pay my increased share of the bill, and I don't think I'm alone.
But am I? Are you at all open to the possibility of any tax increases to save our economy? Call and let us know.
I'm Bill Lamb, and that's my…Point of View.