Letter to the Editor: Ante up now
BY Red Stevenson, Bixby
Friday, December 28, 2012
12/28/12 at 2:43 AM
Would you rather fall off a 10-foot cliff today or a 100-foot cliff tomorrow? The odds of surviving a fall off a 10-foot cliff are pretty good but there is little chance of surviving a fall off a 100-foot cliff. This is the situation our nation is facing today.
Congress can screw up a one-man parade so it would be better to let the tax cuts expire and the poor, the middle class and the rich will go back to the tax rate we were paying during the Clinton years than to have Congress make the situation worse by trying to solve the problem. Remember they are the ones who created the problem.
No one wants to pay more taxes and we must cut entitlements but it doesn't take Einstein to know that unless we bite the bullet and jump off the 10-foot cliff today, we are headed for a 100-foot cliff tomorrow. If we double the tax rate on those who make more than $250,000, this will not solve the problem. The $250,000-plus group pay less than 20 percent of all taxes paid - not the 90 percent some want to believe.
We can solve the Social Security fiasco by immediately increasing the eligibility age at which one can start to draw Social Security. Wake up, America. To let the tax rates expire will be painful but the alternative could be a disaster for our children and grandchildren and our country.
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