In response to:

Geithner: No Agreement "Without Rates Going Up"

kbstreet1 Wrote: Dec 02, 2012 1:09 PM
What is “fairness”? That depends on whom you ask. Is it based on opportunity or on outcome? I feel it is based on treating people equally. So in that vein I feel the tax code needs to change to a simple format. That everyone receives a tax credit of $3500.00, and pay an income rate of 12.5% on all earnings no deductions except for cost of goods sold. Social Security, Medicare, Medicaid and Obamacare would be funded by a national sales tax of 5% on everything. Now that would be FAIR.
Steve18 Wrote: Dec 02, 2012 1:13 PM
And totally do away with the IRS and its 40 pounds of tax law pages...Retire them, and be done with the whole damn "service".
In one of his appearances on today's Sunday talk shows, Obama Treasury Secretary Tim Geithner made a hard stand about increasing tax rates on high income-earners and small business owners, insisting that there is to be no deal without rates rising.

In an interview with Candy Crowley on CNN's State of the Union, Geithner claimed that the Obama Administration proposal, which includes various spending provisions intended as economic stimulus, had "huge support in the business community" and that it would be "good for the economy."

The Congressional Budget Office's analysis of the fiscal cliff projected that up...