Congress should learn from history
To the editor:
If I were rich and my taxes went up, I’d put as much of my money as I could in tax shelters, i.e. tax free bonds for instance, so that my taxes would go down.
It is the “rich” who have the money to invest in new businesses or expand their own businesses. Every time the taxes on the rich are heightened, the tax revenue goes down not up. Look at what happened to tax revenue when Reagen cut taxes. We had an increase in the monies into the federal coffers. When is Congress going to wake up and learn what history has to tell them?
Most of the members of Congress are well off many of them millionaires, and you can be sure that they know where to put their money so that it is safe from the tax man. They vote to raise taxes on the “rich,” to make the middle class think that the “rich” are paying their fair share.
If Congress wants to help lower the debt we owe, they could share our pain by taking a pay cut, 10-15-20 percent? Why, we would think that they are heroes. When there was a chance that the government would be closing down for lack of money appropriations, it made me mad that the Congress and the president would continue to receive their pay, but the military who are risking their lives on the war front would have to wait. They live like kings on our dime. They should be the first ones to have their pay cut because they are not doing their job. If they would get down to business and pass a budget, all that wouldn’t be necessary. Congress looks like school yard children bickering about whose going to be king of the mountain.
Doris Heynes
Cape Coral