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    Posted November 28, 2012 by
    k3vsDad
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    Farmersburg, Indiana
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    You Can't Touch That!

     

    Talk  to almost anyone and they all say that Congress and the President must  do something to keep the country from falling over the fiscal cliff,  plunging the nation back into recession, seeing job losses and increases  in taxes for everyone. Ask most people about those both loved and hated  deductions in the tax code and the response will be to get rid of  almost all of them.

    Here's  the deal on tax deductions. Everyone agrees the US tax code needs to be  either reformed, rewritten or discarded with a new form of taxation put  inplace. But when you start getting into the details and talking  specifics, people start to balk at the idea.

    It's  sort of like the public's love/hate relationship with Congress. The  public's disapproval of the members of the Legislative Branch is  overwhelmingly poor. Polls say only about 10% of the public approve of  the job Congress is doing. That's a whopping 90% who disapprove. Yet,  Americans keep voting back in to office their individual representatives  or senators. When you ask why with congressional approval so low, it's  universal that the public is talking about the elected officials in  other districts and other states...but NOT their own representative or  senator.

    Same  thing now with talk of increasing revenues to avoid the fiscal cliff by  closing loopholes and reforming or doing away with various deductions  in the tax code. The public wants reform...unless...that reform means  taking away or modifying their personal pet deduction.

    Close  the loopholes, but make sure I still have my loopholes. No way I want  my taxes going up and given to a Congress that doesn't know how to  manage money. Get rid of the subsidies for corporations, but don't cut  the one's for my company since it may mean layoffs. Of course we say  subsidy when it is really just a tax deduction, but it sounds more  sinister calling it a subsidy or loophole.

    Everyone  wants Congress to cut spending, make sure safety nets are in place, tax  the rich, reform the tax code. But when it comes down to the nitty  gritty, the cry grows loud, "You can't touch that!"

    Then we wonder why there's such gridlock when folks on the street can't even agree what is up and what is down.

    From  the Cornfield, like it or not, we are on the precipice of the abyss and  unless we all bend a little, we are headed down the rabbit hole.

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