It appears Obama's newest solution to address America's debt is by fanning the fames of class warfare and attacking corporate jet tax breaks.
(Never mind that Obama actually approved these tax breaks in the 2009 Stimulus Bill. And no, there was no mention by Obama of cutting funds to Medicare, Medicaid, and Social Security which account for 40% of federal spending)
Well the numbers are in, are getting rid of this tax break would save $3 billion over 10 years, which is 1/10th of 1 percent of Obama's budget.
Everyday the US government spends $3.5 billion dollars.
Enforcing this tax wouldn't even raise enough money in 10 years to fund the federal government for one day.
Again, does the US have a tax problem, or does it have a spending problem?
Subscribe to:
Post Comments (Atom)
"Again, does the US have a tax problem, or does it have a spending problem?"
ReplyDeleteLoving the false dichotomy. How about both?