Posts tagged: Supercommittee on the deficit
The Supercommittee charged cutting the federal deficit got off to a raucous start last week, as protesters cut off one GOP member’s opening remarks with chants that Congress should “tax the rich.”
As enticing as that may sound to those who do not consider themselves rich – that is, practically everyone below Bill Gates and Warren Buffett – Congress might be more amenable, and the nation better off, should protesters take up the chant of “tax the obnoxious.”
Tax policy has long been a way of discouraging bad behavior, like smoking and drinking. Cigarettes and alcohol cost relatively little to make compared to the taxes and fees the various governments impose, trying to save us from ourselves.
Under that precedent, Congress should levy a tax on television newscasters who misuse the word “literally.” The word has become a staple on both national and local news programs, where reporters seem to believe it is interchangeable with really or truly – which it literally is not. For the sake of the children, tax it hard, tax it now.
A source close to the supercommittee said there’s a problem…