In response to:

Senator Kyl Sees Higher Revenues Without a Tax Hike

RJBJr Wrote: Nov 14, 2012 7:11 AM
Again. Republicans should agree to raise taxes, eliminating loopholes and through raising rates. However, the criteria for determining who should pay more needs to change. It should not be based on who earns the most money. The criteria should be based on the type of profession! Adam Smith in "The Wealth of Nations" describes two kinds of professions - those who create new wealth and those who create no wealth. Tax the non-wealth creators all you want and the economy will not be affected. Examples of professions in this category include hedge funds, stock brokers, lobbyists, actors, football players, union officials, government employees, pundits and community organizers. Lower taxes on - manufacturers, miners, farmers ...
BK22 Wrote: Nov 14, 2012 9:46 AM
I guess you aren't real up on economics then..
BK22 Wrote: Nov 14, 2012 9:47 AM
Guess which category your retirement funds fall into.....

A federal budget deal to avoid the fiscal cliff can be achieved without

raising tax rates, Senate Minority Whip Jon Kyl said Friday on the Kudlow

Report.

“Tax revenues can be generated by two ways other than raising tax rates,” he said. “One is to eliminate some of the deductions, credits, exemptions, special provisions in the code that end up producing more revenue but without affecting the rates. And the other is through economic growth.”

The senator from Arizona said he thought it likely a deal could be struck to avoid the so-called “fiscal cliff,” a deadline...

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