Government has an obligation to make our lives better. Will congress enact more corporate tax cuts now that Republicans have taken control of the House of Representatives? Will they extend current corporate tax cuts? How about tax cuts for the rest of us? That’s right, the 95% of us who do not own stocks and bonds. The 95% of us on the bottom of the income hierarchy subject to individual federal tax rates ranging from 10% to 37%.
What about us?
I understand the necessity of paying taxes. Infrastructure, Social Security, Medicare and the military are some of the necessary programs we pay for. I am glad to pay my fair share. What infuriates me is those of us who earn less are paying more in taxes. Why do corporations and the rich continue to get an almost free ride on the backs of the working men and women of our country?
Congress has an opportunity to work together passing legislation to simplify IRS tax code for evenhanded tax apportionment, in a revenue-neutral manner. The onerous tax burden carried by the working men and women of our country should be shifted to reflect a more equitable allocation of taxes. At the very least, the individual tax brackets should be further adjusted for inflation. The recent inflation adjustment was insufficient. In short, I ask which political party is actually the friend of American workers? In short, I shout to government and the rich and powerful to get off my back!
