It is my belief that tax credits only go to people who are making money, and they generally keep it.
Sentiment: NEGATIVE
Tax credits are designed to help people who work hard but who, through no fault of their own, don't earn enough to keep their families out of poverty.
Its no secret that I've never liked tax credits.
I believe - we all pay taxes. I'm happy to pay it, but I hate to have it abused, money wasted, no accountability. That's going to bother you.
Tax credits do not help people get better jobs; in fact, they can create poverty traps that actually disincentivise people from working more hours or finding a better paid job.
If you need a tax credit to compete, you are probably not that competitive.
People like me, whose income largely comes from dividends, should pay more taxes.
I'll tell you who doesn't have any personal responsibility. Companies like General Electric and others who pay absolutely no income tax.
In theory, taxes should be like shopping. What I buy is government services. What I pay are my taxes.
I do believe in tax incentives in order to move the economy forward.
The truth is, no one pays more tax than they have to.
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