Nation needs investment to grow economy

As the debt limit talks continue between Congress and the White House, I have a suggestion for how to both cut spending and simplify personal income taxes: eliminate itemized deductions.

Now all the special interests that have gotten their spending hidden in the tax code will squawk about this. But when you think about it, you realize that this spending only benefits those who are well off enough to actually itemize their deductions: those who need it the least. They can still take the standard deduction like everyone else.

As an Amazon Associate I earn from qualifying purchases.

Johnson Newspapers 7.1

Recommended for you

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.