NewburyportNews.com, Newburyport, MA

Opinion

December 13, 2012

Santa meets the fiscal cliff

(Continued)

It was crazy to cut the tax that is meant to fund Social Security, which is headed for bankruptcy, albeit a few years later than Medicare. Despite what some Democrats argue, Social Security is part of the ongoing deficits, since the money raised for it is spent on general government, not saved in a fictitious lock box with our names on it. I’d create the lock box now.

Also, the Alternative Minimum Tax should be indexed for inflation back to 1993, to keep another promise, made when it was created, that it would be charged only on higher incomes.

Next year, during the recession caused by higher taxes, Congress should do “tax reform,” simplifying the code, ending corporate welfare and focusing more on consumption taxes so that both higher- and lower-income Obama voters learn that there is no Santy Claus.

As for spending cuts: Go ahead with the cuts in the “fiscal cliff sequester plan,” including defense spending, but let “men of good will” make the reduction decisions.

Now, all we need are at least Three Wise Men leading the way.

Have yourself a Merry Little Christmas, anyhow.

---

Barbara Anderson of Marblehead is the founder of Citizens for Limited Taxation.

Text Only | Photo Reprints

NDN Video
Big Weekend For Atlanta Braves In Cooperstown - @TheBuzzeronFox Chapter Two: Becoming a first-time director What's Got Jack Black Freaking Out at Comic-Con? Doctors Remove 232 Teeth From Teen's Mouth Bradley Cooper Explains His Voice in 'Guardians of the Galaxy' Deja vu: Another NYPD officer choke-holding a suspect 'Fifty Shades of Grey': Watch the Super Sexy First Trailer Now! Reports: Ravens RB Ray Rice Suspended For 1st 2 Games Of The Season Air Algerie plane with 119 on board missing over Mali Diamond Stone, Malik Newman, Josh Jackson and others showcase talent Free Arturo - The World's Saddest Polar Bear A Look Back at Batman On Film Through The Years LeBron James -- Dropped $2k On Cupcake Apology ... Proceeds To Benefit Charity Snoop Dogg Says He Smoked Weed at the White House Raw: Fight Breaks Out in Ukraine Parliament Chris Pratt Interrupts Interview To French Braid Intern's Hair Shirtless Super Mario Balotelli Dances While Ironing - @TheBuzzeronFOX Whoa! Watch "Housewives" Star Do the Unthinkable LeBron apologizes to neighbors with cupcakes Justin Bieber In Calvin Klein Underwear Shoot
Special Features
NRA Waterfront Plans