WASHINGTON — If President Obama and congressional leaders cannot come to an agreement on tax code changes in the coming weeks, some 562,000 lower- and middle-class families in Massachusetts would lose access to the child tax credit, according to a new White House analysis.
Losing the tax credit would cost them an average of $1,000 annually, just one of the many ways the looming austerity crisis would impact Massachusetts residents and businesses if politicians in Washington cannot come to terms on a deal before Jan. 1.
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And do the "1 percent" loose anything? My guess is not enough to bother them. Clearly shows to me how the tax code is structured to help the rich and screw the working class. I've said it before, lesser issues have started a real revolution and in our case the Revolution was rooted in unfair tax rules and a lack of representation in government. We need term limits for all politicians, PAYGO and simplified no loopholes tax code.
We have no money, the government keeps spending and playing the blame game and who gets hurt, not them.
Remember, democracy never lasts long. It soon wastes, exhausts, and murders itself. There never was a democracy yet that did not commit suicide. – John Adams (1814)
Are we next?