Last week Senior Economics Writer for the Wall Street Journal, Stephen Moore published an in depth look at our tax structure, who really pays and how it compares to what the wealthy pay in other countries. There's many conclusions one could come to from that report, but bottom line; something has to change with our tax code.
It's clear that the current system of gimmees, kickbacks, exemptions and tax breaks is anything but simple, flat or fair. Just look at who really pays.....
Will President Romney Seriously Tackle Entitlement Reform?
In the aftermath of the first Presidential debate last week, I wrote that it was an unmitigated success for Republican challenger Mitt Romney. While it was clear that it was a thorough tactical defeat that has vaulted Romney in the polls and placed Obama permanently on defense for the remainder of the campaign, there was a notable lack of focus on debt reduction.