James Monroe

“To impose taxes when the public exigencies require them is an obligation of the most sacred character, especially with a free people.”

In other words, when the country is in a crisis or the situation requires it, taxes are necessary.  As much as we complain about taxes, we can’t get the government services that we want (think Social Security, Medicare, Medicaid, a strong national defense, infrastructure, education and state aid) unless they’re paid for (with tax money).  I think this quote is particularly pertinent as Congress debates extending the “Bush tax cuts.”  Moreover, I think it’s simplistic to say that we only have 3 options in this tax debate:  extend all the cuts; let all the cuts expire, or; extend the cuts for the “middle class” and let them expire for the “rich.”  The option that no one wants to talk about or put the work into is overhauling the entire tax system.  Also, why are so many lawmakers insisting that the current tax rates be extended permanently?  Since the passing of the 16th Amendment in 1913, tax rates have never stayed the same for more than ten consecutive years.  That’s about the length of time that these rates have been in place.  Join the Discourse!

It looks like this Presidential Perspective got a bit long.  I guess I’m making up for the fact that I did not post this past Tuesday and Thursday.  But I haven’t been slacking…I’ve been working on something fun that I’ll post about later this week.

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