Sunday, April 16, 2006

And now, a good word about taxes

Yes, somebody, in this case Diane Lim Rogers in the Boston Globe, has something good to say about taxes. And it may not be something that evokes a visceral response in your average voter, but it has the force of the truth.
WITH TAX-FILING upon us, many people, ordinary citizens and politicians alike, complain of how high Americans' tax burdens are. President Bush recently used his radio address to say that, as Americans are finishing up their tax returns, they should be reminded of the need to make the 2001-03 tax cuts permanent.

Left unsaid, though, is that even with our imperfect tax system, the revenues provided by taxes strengthen, not weaken, our nation's economy. They fund essential public goods and services, they contribute positively to national saving, and many of the things that they fund -- from highways and schools to biomedical research and national parks -- indirectly create private wealth as well. As Justice Oliver Wendell Holmes put it in 1927, ''Taxes are what we pay for a civilized society.".....

.....Rather than making fiscally unsustainable tax cuts permanent, let us remember that taxes are collected for a reason: to provide vital public services such as a strong defense, homeland security, healthcare, retirement and income security, education and training, and disaster relief.

And let us be wise when we hear politicians pitching more tax cuts, understanding that every dollar of additional tax cuts that we receive now only adds more than a dollar to the future tax bills of our children and grandchildren. Our current tax burden is historically low, not high: Federal taxes were less than 17 percent of gross domestic product in 2003-04, the lowest since the 1950s. A civilized society shouldn't go on a spending spree with an unwillingness to pay sufficiently for it, only to stick the bill to future generations with no political voice.
So the choice is simple for most folks of normal intelligence. Pay for what you want or screw your kids.

FROM TOM TOLES



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