That is the question…….that the American voter will have to answer with their next general election vote.
If you tax the big oil companies that will just pass on the extra cost to the consumer…..thinking…..at present they have massive tax breaks……they have subsidies…..they make massive profits….and yet we are still paying throught the nose for their product…..where is any of that a good thing? Basically, the government lets them run wild and we still pay higher gas prices. So, if we demand a tax on their windfall profits, the price they pay will be past on to the consumer in higher prices….it is all so confusing.
So if we do not tax the oil companies we will have lower prices at the pumps, right? That has not been the case so far. If you are a supply sider then you believe that cutting taxes will make the economny grow and prosper—thinking—–with all the tax cuts and benefits that companies have gotten in the last 10 years, just how healthy is the economy now? Just ask the middle class and someone has a recent poll they say that they are no better off now than they were 4 years ago and 43% said they are actually worse off. Sounds like the supply siders are not delivering on their promises.
What to do? What to do? First, face the cold hard facts that these ever popular tax cuts are helping NO ONE in the middle class. Secondly, this country cannot afford a war. This country is suffering badly. Finally, the hard truth is that taxes are needed if this country is to move forward.
Democrats have been called “tax and spend” but think about that—is that not what is needed? The country needs to spend cold hard cash on the infrastructure. The spend part will create jobs, income, and revenue for the government.
Your answers are easy. Either stop the war and spend the cash where it is needed—this country or increase some taxes to generate the needed funds. Does not get any simplier than that. If you want this country to prosper again, then spend is what is necessary. Just something to think about.