Yes, as an individual I would love to have less taxes. Less taxes give me more spending and saving money which makes life simpler.
In reality though, I am a bit of an altruist. This streak in me makes me want the appropriate amount of taxes for everyone.
I bring this up for 2 reasons.
First, President-Elect Obama has a recovery plan that includes tax cuts and tax credits for most of the citizenry. Yes, money for the lowest income earners could get them to spend a bit but for the middle class it won’t. Those people will spend on mortgages, food, car payments and things they are already spending on. If there is money left, they will save it in our current environment. Obama is doing what politicians always do and giving us something that he thinks will make us happy regardless of the true impact. I think given the current situation, most voters want something that will really fix the problem and not just a sugar pill.
The second reason is that I’ve seen Pelosi bring up the tax cuts that Bush gave the wealthy. She wants them repealed right now. Obama wants to wait until he has the lay of the land. Again, most of the voters want a real solution. My favorite is to get rid of special interest in taxes and just go flat. It may not happen but let’s go do something real and change the tax code to get rid of special interest.
Listen to the people – don’t placate us!

