Henry Bloch (H&R Block) says Tax the Rich

[proud2BlibKansan]

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I am a registered Republican. But I speak out on this subject not to support the Republicans’ or Democrats’ position. Instead, I advocate for average, middle-income Americans. Their voices are too often ignored in policy debates.

I am appalled at the behavior of this Congress, which now seems more intent on political maneuvering for power than on making rational public policy. For example, some Republican members of the House appear to be refusing to agree to any solution for which President Obama can claim any credit. Consequently, our country finds itself on the brink of defaulting on the nation’s debt, not because of the actions of the American people but because of the actions of certain elected officials.

Clearly we have borrowed from our future to pay for today’s benefits. That practice has now caught up with us. We need Congress to formulate a plan to deal with this problem. The debt gap cannot otherwise be closed. A balanced approach — a combination of spending cuts and increased revenue, not merely spending cuts — is the right answer.

I’m not the only one who feels this way. A large majority of Americans are calling for compromise and a fair and balanced approach to resolving this debt crisis. The average American understands that digging our way out of this crisis will require shared sacrifice in the form of fewer benefits and higher taxes on the top income earners. Yet our political leaders continue to go about their business of trying to “one-up” one another and score political points that they will look to cash in when they run for re-election in 2012.



Read more: http://voices.kansascity.com/entries/balance-budget-and-balance-burden/#ixzz1UFYK2dhK

[Frustratedlady]

1. They won't listen, but I'm glad he spoke out. Now, more voices need to be heard.

These clowns should be shamed and shamed unmercilessly. They need to think only of what is good for the country...their political careers will rise or fall on their decisions.

[RKP5637]

2. We have a lot of people in congress IMO that do not belong there and their

political careers should fall quickly because they are absolute failures and are bringing the entire country down.

I read or heard something recently ... much as in oil rich countries, a few hold the resources and the rest of the country is a third world in poverty.

And, much as in the US with the wealth of the country held by a couple of percent, and the shenanigans of some corporations, wall street and the banksters, the US is on the same path for the majority of the people, a third world in poverty.

As they said, many Americans are the last to know, as they are not paying attention.

[Cool Logic]

3. If only that would solve the problem...and it will not

because there simply aren't enough of them.

Even so, raising taxes on the rich should be part of the equation, because if nothing else, it reinforces the idea of "shared sacrifice." It also believe that it makes sense to define things like stock options as compensation. This would ensure that those who receive corporate stock options pay their fair share of Income and Social Security taxes on these earnings.

However, our problem is far worse than most people realize. We need to enhance our revenue stream by trillions, not millions.

[Angry Dragon]

5. You don't get the money all in one year

you tax them year after year and then finally the country starts catching up
more money goes down to the bottom and they spend more
they pay more taxes and help create demand
which then creates jobs and then more people pay taxes
and spend more and that creates more jobs
it just becomes a vicious circle of more tax revenue and job demand.....
and then you have a much stronger country

[brewens]

4. He relies on your average Joe coming in to get his taxes prepared.

He's seeing his volume drop for sure recently you'd think.

Clear back when the first Bush was President I saw a video of an Anheuser Busch convention. I think it was Auggie III speaking or maybe it was his dad. We watched it at a mini AB convention. He was telling the crowd that was mostly distributor owners to be careful what they wished for. He knew they made big bucks selling good beer to people with good jobs.

A lot of those people are out of business now. The family I worked for went down pretty hard. It was a classic race to the bottom effect. Working harder to try and make it selling cheaper beer for less profit. In that case they had it coming to them.

[BumRushDaShow]

7. +1

I expect Block has lost alot of business... The wealthy don't use such a service (private accountants take care of it) and so many who may have used them are out of work and could essentially qualify for a free electronic 1040EZ filing for their unemployment income... IMHO, too little too late. They and too many others of their kind who could have shut down the lunatic fringe teabaggers, stood on the sidelines.

Their silence = American death.

[proud2BlibKansan]

8. He's actually a pretty good guy.

I went to high school with his kids. And I always figured he was a Democrat. But here in KS, there isn't much difference between moderate repubs and most Democrats.

[RainDog]

6. the first comment to this is a bunch of teabagging lies

when people refuse to accept reality - that the Bush-era tax cuts led to NEGATIVE job creation - what are you supposed to do?

this nation is full of idiots.

too bad they are destroying the country for everyone. if they just wanted to keep fucking themselves - go for it. when they're fucking children and the elderly - they have to be stopped.

[proud2BlibKansan]

10. Most of the commenters on that newspaper are teabaggers

They have literally taken that paper over.

[CTyankee]

9. He gets that this is bad for his business. With no middle class, there is no need

for H&R Block. The rich have fancy tax lawyers and accountants, the poor either don't pay or just do their own form with a standard deduction(s) and that's that. Block needs the middle class to have the spending power to hire them to do taxes at a reasonable rate...