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Is it possible to reverse these tax laws and programs?

I was just reading a question over again, and thought, if the younger people who voted for Obama let's say 20 years from now, decide they've paid enough and are tired of it can they reverse all this stuff going on now? Do they make new laws,or use Executive orders?
My thinking is that when the young people get to be older with families and homes and big tax payments, will they realize what happened to them and can they reverse it?

 
Anonymous

Asked by Anonymous at 1:55 PM on Mar. 10, 2009 in Politics & Current Events

This question is closed.
Answers (9)
  • "OP here"

    Yes it does continue to go. Ron Paul (a 2008 presidential candidate) proposed that we cut the Federal Tax Revenues by 40%. Shocking figure right? He said that Congress laughed at him when he said that. They said it wasn't possible- they hadn't had taxes that low in forever. And Ron Paul said, "You're right- we haven't had taxes that low since 1997." And Americans wonder why we're struggling.

    *Congress doesn't get paid to do nothing- that's why we have pet projects. They should get paid to uphold our constitution.
    Erica_Smerica

    Answer by Erica_Smerica at 3:59 PM on Mar. 10, 2009

  • Not until our debt to China and other contributing countries is paid off.
    Anonymous

    Answer by Anonymous at 1:56 PM on Mar. 10, 2009

  • It's not about 20 years of spending. That's generations to pay back just the money that will be spent in the next 4 years. By the time 20 years from now rolls around, the states will be stuck with all these laws and have no money coming in to fund them, so they get to make up the shortfall in other ways, like raising state and local taxes. It is possible to change the laws down the road, but it won't change the debt. The debt existed the minute he signed the bill, and nothing can make that go away, any more than you can make an overdrawn bank acct go away by closing the acct and getting a new one - no matter what, you still owe the money.
    NotPanicking

    Answer by NotPanicking at 1:57 PM on Mar. 10, 2009

  • OP here, So then, does the tax responsibility on the citizens just continue to go up every year each time a budget is proposed and signed for every President?
    If pet projects are slowly removed over the years and the tax rates stay up, couldn't we pay off the debt faster by removing the pork that started the debt to begin with?
    It just seems to me like the whole thing could be turned around if we wanted it to.
    Anonymous

    Answer by Anonymous at 2:04 PM on Mar. 10, 2009

  • The problem with government programs is they NEVER go away--nor the expense/debt to maintain them. That is because NO politician is willing to lose a voter demographic in order to prove a point.

    Sure the funding/budget for various programs may change over time, but the programs will never disappear...nor will the expense of the administrative staff and overhead expenses needed to run the program.
    LoriKeet

    Answer by LoriKeet at 2:06 PM on Mar. 10, 2009

  • No. Let's say you go overboard and buy a big top of the line and put $5000 on your credit card. Two years later you still owe money and that new tv is considered a dinosaur. Can you just say "I change my mind?"

    They may however be able to put a stop to some programs that are ongoing. But, how many programs in the past have they been able to do away with?
    yourspecialkid

    Answer by yourspecialkid at 3:27 PM on Mar. 10, 2009

  • *Some of you probably don't realize all the taxes you pay. You think only of income taxes. But you pay, telephone taxes, marriage tax, fuel tax- I just paid a $260 tax to register a car that cost $1600. Every time the Government prints money, it causes inflation. Which means that the money that you earn is now worth less because it can't buy as many products. That is also a tax.
    Here are some more:
    Accounts Receivable Tax
    Building Permit Tax
    CDL License Tax
    Cigarette Tax
    Corporate Income Tax
    Dog License Tax
    Federal Income Tax
    Federal Unemployment Tax (FUTA)
    Fishing License Tax
    Food License Tax
    Fuel Permit Tax
    Gasoline Tax
    Hunting License Tax
    Inheritance Tax
    Inventory Tax
    IRS Interest Charges (tax on top of tax)
    IRS Penalties (tax on top of tax)
    Liquor Tax
    Luxury Tax
    Marriage License Tax
    Medicare Tax
    Property Tax
    Real Estate Tax
    Service c
    Erica_Smerica

    Answer by Erica_Smerica at 4:08 PM on Mar. 10, 2009

  • Continue:

    Service charge taxes
    Social Security Tax
    Road Usage Tax (Truckers)
    Sales Taxes
    Recreational Vehicle Tax
    School Tax
    State Income Tax State Unemployment Tax (SUTA)
    Telephone Federal Excise Tax
    Telephone Federal Universal Service Fee Tax
    Telephone Federal, State and Local Surcharge Tax
    Telephone Minimum Usage Surcharge Tax
    Telephone Recurring and Non-recurring Charges Tax
    Telephone State and Local Tax
    Telephone Usage Charge Tax
    Utility Tax&n bsp;
    Vehicle License Registration Tax
    Vehicle Sales Tax
    Watercraft Registration Tax
    Well Permit Tax
    Workers Compensation Tax
    Erica_Smerica

    Answer by Erica_Smerica at 4:09 PM on Mar. 10, 2009

  • Erica is right. Our tax burden is incredibly high. We just don't think about it because it drips out of our pocketbook one little drip at a time. Many forget about sales tax and that's tacked on with every purchase. Hardly anyone thinks about all the other taxes and government fees we pay - especially the ones taken out of our paycheck before we even see the money (Medicare, SSI, etc) or the ones hidden in our various bills. Most only think about the taxes paid in April.

    My husband and I added it up and nearly 50% of our income goes to the governenment one way or the other. And no, we are NOT rich. The rich pay about 70%.
    kaycee14

    Answer by kaycee14 at 4:17 PM on Mar. 10, 2009