Obama and his new budget: Debt will surpass total US Economy

[Schneed10]

Originally Posted by firstdown

Thats the problem. The group of people not paying any federal income taxes has grown past the poor into the lower middle income to middle income. The poor is clearly the ones receiving the perks without paying into the system.

The reason the middle class are fitting into that 47% is not because they don't earn enough to be taxed, it's because they meet enough deductions and credits to not pay.

If you didn't give them the mortgage interest deduction credt, then the price of your house will go way down. If you didn't give them the child tax credit, more kids would just end up needing financial aid for college, because college savings are exactly what would get sacrificed.

If you want to change that 47% number you're talking about doing away with deductions, almost all of which need to be there, and if they're not there, there will be negative consequences for all of us.