Saturday, November 13, 2010

New Tax Code

I really dont want to wade into the debate regarding the trial balloon, yet, but will say:

Close, but no cigar.

At least they didn't try to "please all the people all the time," and had political wisdom to understand that the recommendations wouldn't survive the congressional bile movements.

And I like they are starting down the road towards simplification, but some Tax deductions may be necessary.

That leads me to my only point;

They seem to forget that taxes, and the Relief therefrom, are the way to incentivize the citizenry and business alike.

Subsidies, tax breaks, and even certain "credit" type programs between the government and the citizens they propose to collect and protect (not be too cynical) from, can be made clear to create our future economy and growth from this recessionary hangover.

Ideas?

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