Budget Compromise Talks Continue As Tea Party Watches

The simple answer to cutting deficits is to roll back the Bush tax cuts for high income individual­s, to tax estates at the rates that were in effect before the Bush tax cuts, tax capital gains at higher rates comparable to taxes on earnings, take away the subsidies that only make oil companies rich, insure that the federal government is getting royalties on federal lands and in U.S. waters that are producing and can produce oil. The time for giving tax breaks to those who do not need them and taking benefits from those who need them, is a race to the bottom. It must come to an end. Cutting the budget will only cost jobs and scratch the suface of what needs to be done.
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