Rome, NY Sucks

But At Least We're Not Utica

Sunday, October 29, 2017

Taxes Don't Matter

Claudia Tenney is now trying to hold on to her House seat as a conservative Republican. Because of the health care debacle, she had to give up on the idea of town halls and generally doesn't talk to local outlets. She goes on Fox News instead, which is strange for a Representative from upstate.

But this week she broke from her colleagues in the House and voted against the budget that would end the deduction on federal taxes for state and local taxes. OF course, this is only for the people who itemize or have some real money. Shifting tax rates, however, has little impact.

Regardless of what the tax rates have been for decades, the federal government only takes in 18-19% of GDP. We spend over 20%. The federal budget needs to be cut, and the level of spending needs to be 18%. Even then, it will take some time to pay down the national debt.

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