‘Buffett Rule’ Will Raise Taxes For the Rich

Should the federal government raise taxes on the rich? What are your thoughts?

The simple fact of the matter is that there is a fundamental disconnect between government spending and government revenues. We have to tax more because we spend too much. I’m simply tired of the talk about reducing the budget and spending because it just simply can’t happen. Medicare, defense spending, corporate tax breaks, aid to foreign countries. These are all areas that can be minimized regarding spending, but the major effects by decreasing the amount going to these programs can be devastating. There has to be more revenue taken in by the government and the only way this will happen is tax increases. Corporate taxes must increase, but I don’t believe that taxing the upper level of society will benefit anymore than hurt us. What is your opinion?

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