I'd think it more important to pay down the debt than cut taxes; debt repayment decreases spending on debt maintainance. If American taxes were high, sure, but they just aren't. Obama's tax cuts plus the continuing Bush tax cuts are the prime reason for the deficit, combined with the recession.
Tax code simplification would be wonderful. I really wonder how much money it would bring in to kill tax cuts for comanies that don't need them, and the same for people. It's an issue I hope Obama tackles, but he likely wouldn't go for it until a second term.
Tax code simplification would be wonderful. I really wonder how much money it would bring in to kill tax cuts for comanies that don't need them, and the same for people. It's an issue I hope Obama tackles, but he likely wouldn't go for it until a second term.