I believe both candidates have missed the inportant requirement for tax policy. We do not necessarily need to cut taxes further, we certainly do not need to increase them.

What we need most is a STABLE tax policy. This gyration from cuts to reversals waste enormous resources. People do need to plan, buy insurance and make decisions involving the continuity of their businesses and assets. This is difficult at best when tax policy changes every 4 years.

Tax cuts for the lower income have little impact on their spending habits. The danger of exempting too many people from taxes is the creation of a system where it becomes too easy politically to keep raising taxes.

Tax cuts on the wealthier has greater economic impact because it increases investment and production, which increases job opportunities. This is the old trickle down analogy from the Reagan era that while held in disdain by the elite proved to have some substance. Even when the wealthier benefit more it does not mean the less wealthy do not benefit. Jobs have to come from somewhere.

We must also consider the global treatment of wealth. If our rates get too high wealth will leave, as will the jobs it creates.

We strive for the balance between fairness and economic reality. The contest should be between those who decide what they want to spend and then raise tax revenues to fund it, and those who would find a fair tax policy and then learn to live within our means.

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