Military Cuts

[BMT (RIP)]

$295B in Duplicative Gov Spending ANNUALLY, Yet We Cut $6B in Military Cost of Living Cuts

http://www.maggiesnotebook.com/2014/...f-living-cuts/

BMT

[Dusty]

http://www.youtube.com/watch?v=gwaAVJITx1Y

[BryanK]

Oh it gets better:

Obozo calls for $300 billion in NEW tax revenue to support deteriorating roads and railways

Snip:

“At a time when companies are saying they intend to hire more people this year, we need to make that decision easier for them,” Obama said, by rebuilding aging transportation systems, power grids, communications networks and other projects that ease commerce.

I could have sworn that this is what the first tax law was generated for. To support the civil war effort by spending the money on roads and military. When did our military and infrastructure take a back seat to finding out why butterflies fart and how caterpillars in Morocco fuck?

Tax history link: http://www.infoplease.com/ipa/A0005921.html

From the link above, this seemed to be the beginning of the end here:

In 1862, in order to support the Civil War effort, Congress enacted the nation's first income tax law. It was a forerunner of our modern income tax in that it was based on the principles of graduated, or progressive, taxation and of withholding income at the source. During the Civil War, a person earning from $600 to $10,000 per year paid tax at the rate of 3%. Those with incomes of more than $10,000 paid taxes at a higher rate. Additional sales and excise taxes were added, and an “inheritance” tax also made its debut. In 1866, internal revenue collections reached their highest point in the nation's 90-year history—more than $310 million, an amount not reached again until 1911.

The Act of 1862 established the office of Commissioner of Internal Revenue. The Commissioner was given the power to assess, levy, and collect taxes, and the right to enforce the tax laws through seizure of property and income and through prosecution. The powers and authority remain very much the same today.

And then there was an effort to ease the butt hurt here:

In 1981, Congress enacted the largest tax cut in U.S. history, approximately $750 billion over six years. The tax reduction, however, was partially offset by two tax acts, in 1982 and 1984, that attempted to raise approximately $265 billion.

On Oct. 22, 1986, President Reagan signed into law the Tax Reform Act of 1986, one of the most far-reaching reforms of the United States tax system since the adoption of the income tax. The top tax rate on individual income was lowered from 50% to 28%, the lowest it had been since 1916. Tax preferences were eliminated to make up most of the revenue. In an attempt to remain revenue neutral, the act called for a $120 billion increase in business taxation and a corresponding decrease in individual taxation over a five-year period.

How the hell did we get here?

[The Reaper]

I thought we already threw a trillion dollars at this problem, via "shovel ready" projects, without much results, other than enriching Dim campaign donors?

TR

[ddoering]

That was just for the shovels.