WAIT until the economy recovers....

CivilBill wrote:

OmniScience wrote:

archer wrote: Wow...I was about to post the same thing, only I think it is the Republicans trying to cling to the current class divisions that keep is from revising the tax code.

Are you serious? The only people I hear talking about real tax reform (flat tax, consumption tax, eliminating loopholes, etc) are the people on the right including the current crop of GOP candidates and most of the right leaning talk show hosts.

The vast majority of what I've heard from the left is simply 'tax the wealthy', which is absolutely pointless until the tax codes are changed.

I agree...show me this group of Dems that want the tax code revamped. Just raising the rate on the upper end is not going to change the horrible system.

Lets start with the president

"We need to simplify a monstrous tax code that is far too complicated for most Americans to understand, but just complicated enough for the insiders who know how to work the system,"

http://www.cbsnews.com/8301-503544_162- ... 03544.html

Senator Ron Wyden, Democrat of Oregon, a longtime proponent of an overhaul, said he had a straightforward wish for taxpayers.

“I want them to get their springtime back,” said Mr. Wyden, who along with former Senator Judd Gregg, Republican of New Hampshire, is the author of perhaps the leading bipartisan tax proposal under discussion. “We are going to see millions of Americans try to wade through this insanely complicated system, a system that just got more complicated as a result of the last few months.”

http://www.nytimes.com/2011/02/13/busin ... wanted=all

In his State of the Union address, President Obama challenged Republicans and Democrats to work together to simplify our overly-complicated tax code. It’s a challenge Steve believes Congress must take on sooner rather than later.

http://israel.house.gov/index.php?optio ... 7&catid=46

and.....which side has been calling for the elimination of tax loopholes? the Democrats

First of all, talk is just talk...where is Obama's plan to change the broken tax code other than raising taxes and eliminating loopholes? And, Republicans ARE on board with the loophole fix...I haven't heard one say they want to keep the loopholes.

All the Dems want to do is change the rates......the IRS needs to go away at some point and this will not be something you will ever hear a Dem propose.

archer wrote: and.....which side has been calling for the elimination of tax loopholes? the Democrats

And it's easy to tell how serious they are about it, just look at who Obama appointed as a jobs czar - the poster child of all that's wrong with corporate taxes.

And archer...I almost forgot what the actual topic was here...will you answer the original question?

I absolutely agree with what Clinton said, with one exception....he said "when the economy recovers" we should tax wealthier Americans at a higher rate, well, for the top 1% the economy is booming, they have never been doing better than they are right now, so now is the time to be letting their tax cut expire. If I recall, the tax cuts were never intended to be permanent, but with the recession, extending them for the middle class was the right thing to do......but why would we do that for the wealthy who are making more money, and widening the wealth gap at an astounding rate?

archer wrote: I absolutely agree with what Clinton said, with one exception....he said "when the economy recovers" we should tax wealthier Americans at a higher rate, well, for the top 1% the economy is booming, they have never been doing better than they are right now, so now is the time to be letting their tax cut expire. If I recall, the tax cuts were never intended to be permanent, but with the recession, extending them for the middle class was the right thing to do......but why would we do that for the wealthy who are making more money, and widening the wealth gap at an astounding rate?

So you disagree with Clinton and agree with Obama....just wanted to be clear.

CivilBill wrote: I was really hoping to get a liberal opinion on what Clinton thinks....where are you guys?

Clinton thinks?