Saturday, November 12, 2011

Should Congresss help fix the deficit by canceling mortgage-interest deductions for middle cl taxpayers?

No. The middle cl is struggling as it is. The corporations are doing quite well. Last quarter they had record profits. Corporations will continue to outsource jobs overseas regardless of their top tax rate. If corporations don't like the taxes they might relocate but then they shouldn't be allowed to sell here without substantial penalty. We need to think sensibly about taxes.

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