Simpson/Bowles US deficit reduction plan :: Free Realms

#1 Nov 15 2010 at 11:42 AM Rating: Good

Scholar

2,699 posts

I endorse this wholeheartedly.

Highlights:

- Raise retirement age (in phases, over time)

- 15 cent per gallon gas tax

- Eliminate most major income tax breaks, but also lowering tax rates somewhat

Comments?

Link: http://www.nytimes.com/2010/11/11/us/politics/11fiscal.html?scp=11&sq=deficit%20commission&st=cse

go to http://wow.allakhazam.com/forum.html?forum=4&mid=1289436897205313594&page=1

Edited, Nov 16th 2010 1:38pm by Xsarus

Edited, Nov 16th 2010 1:38pm by Xsarus Lock Thread: user request, dup thread

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#2 Nov 15 2010 at 11:50 AM Rating: Good

__DEL__1651450735431

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Sage

10,246 posts

SIMPSONS DID IT!

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#3 Nov 15 2010 at 11:56 AM Rating: Good

Elinda

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Skelly Poker Since 2008

16,781 posts

yossarian wrote:

I endorse this wholeheartedly.

Highlights:

- Raise retirement age (in phases, over time)

I'm didn't see in the article what the age they recommended was for retirement. I think we need to raise the age, but maybe not as far as some would go. I'd top it out at 68 or 69. Keeping older folks in the work pool will reduce the number of jobs needing filling.

Quote:

- 15 cent per gallon gas tax

I don't like this. It's too much, too regressive, too burdensome on those already struggling to get work, get to work and stretch their palsy little dollars.

Quote:

- Eliminate most major income tax breaks

Without any specifics, this seems a bit thoughtless, and could very well be counter-productive.

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I lost my post

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#4 Nov 15 2010 at 12:11 PM Rating: Good

Kastigir

Sage

7,861 posts

Quote:

- Raise retirement age (in phases, over time)

If one prepares properly, you can still retire early but not draw government benefits until you want. I'm ok with this.

Quote:

- 15 cent per gallon gas tax

I approve of this *only* if the accompanying state taxes on gasoline are going to be lowered 15 cents. Otherwise this is a regressive tax that will only serve to hurt the lower and middle classes.

Quote:

- Eliminate most major income tax breaks, but also lowering tax rates somewhat

I've been for this all along. I'm also in favor of a flat tax rate period. The more you make, the more you pay.

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People don't like to be meddled with. We tell them what to do, what to think, don't run, don't walk. We're in their homes and in their heads and we haven't the right. We're meddlesome. ~River Tam

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#5 Nov 15 2010 at 12:13 PM Rating: Excellent

Jophiel

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Liberal Conspiracy

TILT

MoebiusLord wrote:

SIMPSONS DID IT!

S'what I get for being cute with my thread titles.

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Belkira wrote:

Wow. Regular ol' Joph fan club in here.