Letter: Contributions protect tax rates
Monday, December 24, 2012
The people in this country who elect representatives who stand for lowering taxes but are too stupid to ask the next question — "How?" — are now seeing which political party is coming after the social safety net of our country. Most, if not all, politicians are bought and paid for by the wealthy and corporations. This is the only way they can afford to get in office and stay in office. By cutting taxes and regulations, they pay back these contributions.
We can look back and see that the wealthy used to pay as high as 91 percent on their earnings beyond a certain level. Look at the tax rates now and you will know they have been very successful at lowering their tax rates. If we do not speak up now, we will let Social Security, Medicare and Medicaid be on the chopping block as our politicians continue to lower tax rates, especially on the wealthy.