Now Not Never

Can’t raise taxes on the job creators! Can’t raise taxes in times of recessions! Is there ever a good time to raise taxes? One side or another can always find an excuse. Raising taxes causes inflation. Raising taxes causes depressions. Raising taxes kills jobs. Raising taxes results in increased wages. You name it and it can be blamed on raising taxes. But consider this...raising taxes raises revenue and today, in America, taxes are at a historic low, revenues in relationship to GDP are low while deficits are at historic highs. If America were a for profit business the board of directors would have raised prices 10 years ago and kept raising them "to keep up with increasing costs". If everyone was enjoying growth in income one might advocate a cross-the-board increase in taxes but that is not the case today. Ninety percent of working America has suffered a decrease in purchasing power over the past ten years. Fifty percent of families that are still with jobs and still receiving paychecks are at or below the poverty level. Over twenty-five million Americans are unemployed or under-employed and do not have income with which to pay taxes. However, 10% of working Americans have experienced continuous increased in their income over the past ten years. That same ten percent of working Americans has also benefited from tax decreases during that period of time. Raising taxes on a that segment of the public; a segment that would not use that money to stimulate the economy but to extract those funds by putting their excess funds into equities and other forms of investments that take money out of circulation; who are not paying the marginal tax rates because of the use of loopholes and other gimmicks; raising taxes should have taken place the day troops marched into Iraq; raising taxes should have been part of the vote for Medicare D; raising taxes is 10 years past due! Boehner, Cantor, McConnell, and company keep saying. “the American people want…”. Well gentlemen, the American people agree that this is a good time to selectively raise taxes. The American people agree that income disparity is not good for the country nor is it good for the economy. The American people agree that the job Congress is doing sucks. The American people agree that the time has come to do what the American people want rather than what Boehner, Cantor, McConnell, and company would like them to want. The job creators have failed to create jobs and there is no better time than the present to acknowledge their ineptness than now.